ERTC $26k Cash Back from the IRS
What is the Employee Retention Tax Credit ( ERTC ) ?
As an employer, you are probably still looking for ways to keep your business afloat during these challenging times. During the Covid shutdown periods, Congress created a Paycheck Protection Program (PPP) to assist employers and employees get through the epidemic, but most applicants had to pay back those benefits. The PPP program has expired long ago, but with the latest amendment to the congressional CARES ACT at the end of last year, there is a brand new opportunity for companies to apply for a REFUND of 50% of employee wages from the IRS for Employee Retention Tax Credits (ERTC). These are cash refunds to the employer (only) that never have to be paid back, and can be spent in any way the employer wishes. If you use the rebates in your business all the cash back is tax free. If you plan to withdraw your rebates from your business and use it instead for personal purchases, you are free to do so, but there may be some tax due if it is obtained as a formal dividend rather than treating it as removal of some of your current owner’s equity.
Most bookkeepers helped you file for PPP Loans, but did not want to help you claim your ERTC cash, because the paperwork was much more extensive and took a great deal of more time and effort to process
ERTC Express is one of the largest companies in America that specializes solely in assisting businesses throughout the USA in applying for these ERTC tax credits. In this post, we will explain everything you need to know about the ERTC program and how ERTC Express can help you maximize your rebate. In many cases, they can ALSO file paperwork for the forgiveness of your PPP Loan which you may be still paying back.
What are Employee Retention Tax Credits?
Employee Retention Tax Credits are a type of tax credit that is available to businesses that were affected by the COVID-19 pandemic. The credits were first introduced in the CARES ACT in March 2020 and were extended in December 2020 under the Consolidated Appropriations Act.
The tax credits are designed to help businesses keep their employees on payroll during the pandemic by providing a financial incentive. The credit is equal to 50% of qualified W-2 wages paid to employees, up to a maximum of $10,000 per employee per year, with up to a maximum of $26,000 per employee throughout the entire qualification period with certain other special qualifications.
Who is eligible for Employee Retention Tax Credits?
Any business that was either partially or fully suspended due to a government order related to COVID-19 or experienced a significant decline in gross receipts is also eligible for the tax credits. Specifically, businesses that meet “ONE” of the following criteria can apply for the credits:
- The business was fully or partially suspended due to a government order related to COVID-19 during any quarter in 2020 or 2021.
- The business experienced a significant decline in gross receipts during any quarter in 2020 or 2021. Specifically, the gross receipts for the quarter must be less than 50% of gross receipts for the same quarter in the previous year.
- The ERTC rebates apply to companies with 3-500 part time or full time W-2 employees, and the owner and his family are not eligible in the calculation.
How can ERTC Express help your business?
ERTC Express is a company that specializes ONLY in helping businesses apply for Employee Retention Tax Credits. They have offices in New York, Florida and other cities and are available to assist businesses throughout the USA. Here are some of the ways that ERTC Express can help your business:
- They will analyze your business to determine if you are eligible for the credits.
- They will help you calculate the maximum amount of credits that you are eligible for.
- Your IRS paperwork will be reviewed by three separate groups of specialists, accountants and attorneys
- Once approved, they will prepare and file all of the necessary paperwork to claim the credits.
- They will work with the IRS on your behalf to ensure that you receive the maximum amount of credits.
How to apply for Employee Retention Tax Credits with ERTC Express?
The process of applying for Employee Retention Tax Credits with ERTC Express is simple. All you need to do is fill out a very simple form about your employees in 2020 and 2021 on their website, which can be found here:
Once you have filled out the 9 simple questions on the basic information form, ERTC Express will contact you to discuss your eligibility for the tax credits. If you are eligible, they will help you calculate the maximum amount of credits that you are qualified for and will prepare and file all of the necessary paperwork on your behalf. There is no cost or obligation whatsoever for this review and consultation. Should you decide to work with them, they will offer you an agreement to handle the entire process for your company from start to finish, and their CPA will prepare and submit all forms and supplements to the IRS on your behalf. They work entirely on a contingency fee, and there is no charge at all if there is no recovery, and only a 18% contingency fee for any successful refunds. This is far less than the usual 40% contingency fee a tax attorney would usually charge for this service.
Why should you work with ERTC Express?
There are several reasons why you should consider working with ERTC Express to apply for Employee Retention Tax Credits:
- They specialize in this area and have extensive experience working with businesses of all sizes.
- They will ensure that you receive the maximum amount of credits that you are eligible for.
- They will handle all of the paperwork and communication with the IRS on your behalf.
- They have a simple and straightforward process for applying for the credits.
- They are 100% Compliant and offer Audit Protection on your tax rebate claims
- Their CPA’s submit the refund request and back up all calculations
These special ERTC Refunds will not last forever and will end in the near future. Although it cn be quicker, the current processing time from start to finish with a refund is about 10 weeks. The longer it takes for you to begin the process and submit your documents, the longer it takes in processing time, and the queue will start to fill up as the deadline approaches and the government funds available for refunds becomes exhausted.
Don’t leave any money on the table. Even if you think you won’t qualify, you have nothing at all to lose in taking the first step in checking on your maximum possible rebate.
ERTC Express has experts in this very complex process, and know how to navigate through all the rules and regulations to obtain the largest rebate you deserve. The average refunds they have been able to obtain for their clients ranges between approximately $100,000 to $150,000
In conclusion, if you are a business owner that has been affected by the COVID-19 pandemic, you may be eligible for Employee Retention Tax Credits. ERTC Express can help you navigate the process of applying for these credits and ensure that you receive the maximum amount of rebate possible. With ERTC Express, you can rest assured that your business is in good hands and that you are taking advantage of all the benefits available to you.
In addition to their expertise and experience, ERTC Express is committed to providing excellent customer service to all their clients. They understand that every business is unique and that the needs of each client are different. That is why they take the time to listen to their clients and tailor their services to meet their specific needs.
So, if you are an employer who wants to take advantage of this rebate program and receive up to $26,000 per employee for those who were employed or affected by job loss in 2020 and 2021, then we encourage you to take just 15 minutes to fill out the simple form on the ERTC Express website. You have nothing to lose and everything to gain. Let ERTC Express help you navigate this complex process and receive the financial assistance that your business needs to thrive.
USA1000 is consumer review publishing site and is not a tax accountant or advisor, and you should consult directly with ERTC Express or your legal professionals on any and all tax matters.
