Sonoma,United States – March 16, 2022 —
The CARES Act relief program was signed into law on March 27, 2020. It included a program called the the Employee Retention Credit (aka ERTC) that was designed to assist businesses with keeping workers employed and is administered by the Internal Revenue Service.
The BASIC facts regarding the Employee Retention Credit are:
1) It provides cash rebates of UP to a total of $26,000 per W-2 employee (full or part-time) for 2020/2021 .
2) It is now available to businesses that got one or more PPP loans.
3) It is NOT a loan that needs to be paid back.
4) Small businesses qualify if they had W-2 employees (non-family) on payroll in 2020/2021 and were subject to a full or partial government shut-down order OR their revenues dropped 50% in 2020 or 20% in 2021 compared to 2019.
Literally millions of small businesses can qualify to receive cash rebates from the ERC program but only a small percentage of those that are eligible have done so because they either aren’t aware of the ERC, OR their accountants, bookkeepers or payroll services haven’t offered to do ERC claims for them.
The latter is due to the lack of time and/or expertise they have to be able to navigate through the complexities of the ERC verification process to determine eligibility, figure the proper credit and provide audit proof claim filings to their clients for submission to the IRS.
Fortunately there are a number of CPA firms that specialize exclusively in helping as many small businesses as possible claim the maximum amount of ERC funds that they are entitled to receive through the program. These firms are experts on the many different aspects of the law and handle everything that is necessary for a business to file a successful, audit proof ERC claim.
One of the top ERC service providers in the country has strategic partner relationships with a few of these CPA firms and is capable of processing ERC claim filings through them for a multitude of clients on a daily basis. This provider is represented by ERC Windfall a California company which is acting as an agent for them.
And just recently, on March 1, 2022, it was announced that they are now able to offer a way for clients to receive their ERC rebate funds in 30 DAYS or LESS vs. the estimated 8-12 months (or more) that it is presently taking for the IRS to process amended ERC claims and send out checks to qualified businesses.
According to Irvin Mulholland the principal of ERC Windfall:
“The addition of the Rapid Rebate Option is truly a game changer insofar as giving small business owners who qualify for ERC funds a way to get an influx of cash within a very short period of time that they can use for whatever working capital needs they have right away.”
Release ID: 89070687