Businesses that suffered financially and kept employees on the payroll during 2020 and 2021 can still claim up to $26,000 per employee in tax credits, using an updated application process from Claim ERTC Online.
—
When the pandemic started closing businesses in 2020, the federal government created several pandemic relief programs to help them stay afloat. Restaurants, hair salons, and other companies affected by closures or reduced revenue can still make a claim using the Employee Retention Tax Credit (ERTC), with the updated application from Claim ERTC Online.
For more information about the ERTC, please visit https://claimertconline.com
Though the ERTC program ended in September 2021, the deadline for claims has not passed yet. Claim ERTC Online has an updated fast application process that helps employers complete and file the paperwork with a total time commitment of 15 minutes or less.
Many employers who qualify for rebates are unaware that they are eligible for tax credits because the program has gone through several changes that expanded the allowable businesses. Among those changes was an increase in the maximum size a business could be while still qualifying, raising the limit from 100 to 500 full-time employees on average.
The program is also open to startups and non-profit organizations, such as churches, hospitals, schools, and performing arts centers, as long as they meet the standard requirements. To qualify, they must have suffered either a partial or complete shutdown due to government orders, such as a lockdown, or had significant revenue declines compared to the previous year.
Businesses that were founded during the pandemic, specifically after February 15, 2020, may also be eligible for tax credits under a special category known as Recovery Startup Businesses. These companies must have one or more employees who are not family members or 50% owners and have gross receipts of less than $1 million. They may be eligible for as much as $100,000 in rebates.
Employers that have already enrolled in the Paycheck Protection Program (PPP) are also now eligible for ERTC, after amendments made with the passing of the Consolidated Appropriations Act of 2021. Unlike the PPP which offered loans, ERTC funds do not have to be repaid and have no restrictions on how they can be spent.
Claim ERTC Online has partnered with a firm of ERTC specialist CPAs to offer a 15 Minute Refund program that guarantees employers their maximum allowable rebate with a minimal time commitment.
For more information about the 15 Minute Refund program, please visit https://claimertconline.com
Contact Info:
Name: Dylan
Email: Send Email
Organization: Claim ERTC Online
Address: 6834 Cantrell Road #2340, Little Rock, Arkansas 72207, United States
Website: https://claimertconline.com/
Release ID: 89076037
