Business owners who founded a new company during the pandemic can claim ERC tax credits using a new fast application process launched by Free Tax Cash.
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Over the last few years, the federal government has created several pandemic relief programs to help individuals and business owners through unexpected financial hardships. One of the lesser-known programs is a recent addition to the Employee Retention Tax Credit (ERTC), which employers can enroll in using the fast application process launched by Free Tax Cash.
For more information about the fast application process for new businesses, please visit https://www.freetaxcash.com
In 2021, when the American Rescue Plan Act was passed, it added a new category to the ERTC program for businesses that were founded after February 15, 2020. ERTC specialist CPAs partnered with Free Tax Cash to help these businesses to claim up to $100,000 in tax credits as a Recovery Startup Business.
To be eligible as a Recovery Startup Business, companies need to comply with a unique set of requirements that differ from the general ERTC program. Aside from being founded after February 15, 2020, these businesses must have an average of less than $1 million in gross receipts per year, and employ one or more employees who are not 50% owners.
The maximum claim amounts are also changed for these companies, allowing them to claim up to 70% of the first $10,000 in wages paid to each eligible employee, per quarter, to a maximum of $50,000 per quarter. These new businesses can claim tax credits for wages paid in Q3 and Q4 of 2021.
Free Tax Cash also helps established small to medium-sized businesses, non-profit organizations, and startups to claim their rebates, using a fast application process that is only available from a single firm of ERTC specialist CPAs. Called the 15 Minute Refund program, this allows employers to complete their claim with audit-proof documentation and a minimum time commitment.
Every claim made using the 15 Minute Refund program is guaranteed to provide the maximum allowable rebate, and there is no charge for any company that is not eligible or does not complete its claim.
Employers can determine their eligibility using a no-cost, no-obligation assessment tool on the company’s website. The assessment includes 10 simple questions, requires no proprietary business information, and can be completed in just a few minutes.
For more information about the 15 Minute Refund program or claiming ERC tax credits as a Recovery Startup Business, please visit https://www.freetaxcash.com
Contact Info:
Name: S. Jeffers
Email: Send Email
Organization: Free Tax Cash
Address: 256 3rd St #12, Niagara Falls, NY 14303, United States
Website: https://www.freetaxcash.com
Release ID: 89074795
