Recognizing that 75% of the businesses it has helped so far were unaware they qualified for the credit, ERTC Express is now expanding its service to raise awareness over ERC eligibility before the deadline.
More information can be found at http://ercrefundsuccess.com/
Any US business that has between 5 and 500 W-2 employees is eligible to apply for ERC if they had their operations impacted by the pandemic. Through personalized guidance and detailed analysis, ERTC Express is now helping clients maximize their claims and minimize issues with the application or the IRS.
To qualify for ERC, businesses must have experienced significant disruptions during the health crisis in 2020 or 2021. This includes revenue losses, supply chain interruptions, and full or partial shutdowns. Eligible businesses could receive up to $26,000 per employee, providing them with the means to offset a portion of their wage and healthcare costs.
Despite the availability of the ERC program, it has been underutilized due to misconceptions surrounding eligibility requirements. ERTC Express notes that many businesses believe they need to be deemed essential or meet stringent criteria. However, the ERC program has gone through several changes. Businesses founded in 2021 and business owners who already received loans through the Paycheck Protection Program (PPP) are now eligible for the ERTC. Unlike the funds received through the PPP, the rebates granted through the ERTC program are not loans and do not have to be paid back.
To check if they qualify, business owners need to answer basic questions about their business so ERTC Express’ CPAs can determine if they meet the requirements. If eligible, the business will receive specialist CPA support throughout the claims process, including audit-proof documentation, with the goal of securing maximum rebate amount.
A spokesperson states: “Our CPAs and Customer Service Agents go to work and process your filing. To minimize your risk and ensure you’re audit defensible, we use our Power of 3 system and have 3 different CPA teams agree on your final credit amount before submitting your claim.”
Interested parties can learn more at http://ercrefundsuccess.com/
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Bengaluru Bytes journalist was involved in the writing and production of this article.