In response to a remarkable observation that 75% of the businesses it has previously assisted were initially unaware of their eligibility for the Employee Retention Tax Credit (ERTC), ERTC Express is embarking on an expanded mission. Their aim is to proactively raise awareness about eligibility for the ERTC well before the application deadline.
For any U.S. business boasting a workforce of between 5 and 500 employees with W-2 forms, they stand as eligible candidates to seek the ERTC, provided their operations felt the impact of the pandemic. ERTC Express is now dedicated to offering tailored guidance and in-depth analysis to enable clients to optimize their claims while navigating potential challenges during the application process or dealings with the IRS.
Eligibility for the ERTC hinges on businesses having experienced substantial disruptions during the health crisis in either 2020 or 2021. Such disruptions encompass revenue setbacks, supply chain disturbances, as well as full or partial shutdowns. Eligible businesses stand to gain up to $26,000 per employee, presenting a vital means to mitigate wage and healthcare expenses.
The ERTC program, despite its availability, has remained underutilized due to prevalent misconceptions regarding eligibility requirements. ERTC Express highlights the common misconception that businesses need to be deemed essential or conform to rigorous criteria. However, it is important to note that the ERC program has undergone significant changes. As of now, businesses established in 2021 and business proprietors who have previously received loans through the Paycheck Protection Program (PPP) are deemed eligible for the ERTC. Unlike PPP funds, the rebates granted through the ERTC program are not loans and do not entail repayment.
To ascertain their eligibility, business owners are required to respond to basic inquiries about their enterprise. ERTC Express’ team of Certified Public Accountants (CPAs) employs these responses to determine whether the business meets the necessary criteria. If deemed eligible, the business benefits from specialized CPA support throughout the claims process, including the provision of audit-proof documentation, all geared towards securing the maximum rebate amount.
A spokesperson emphasizes, “Our dedicated CPAs and Customer Service Agents spring into action to process your filing. To minimize your risk and ensure your eligibility for potential audits, we implement our ‘Power of 3’ system, involving three distinct CPA teams to concur on your final credit amount before submitting your claim.”
Interested parties can learn more at http://ercrefundsuccess.com/