Am I Eligible for ERTC? Employee Retention Tax Credit?
Attention business owners… you may qualify for up to twenty six thousand dollars per employee by applying for the ERTC tax credit 2021. If your business was restricted by partial or full shutdowns, capacity limits, supply chain interruptions, inability to access equipment, increased sanitation requirements and more. Even if you did not experience a drop in your revenue for 2020 or 2021, you may still be eligible for this credit. Many tax professionals are mistakenly only looking for a drop in revenue. If you have already talked to a tax professional then you may want to consider completing the enquiry form on our home page. Make sure you’re not leaving money on the table.
How To Determine Your Eligibility for ERTC
Why might be eligible for the employee retention credit scheme, also known as ERTC. The program was introduced in March of 2020 by the federal government. If your business experienced any kind of pandemic restrictions, which resulted in a partial suspension of operations, then you could receive a refund of up to twenty six thousand dollars per employee based on the wages you paid.
Even if you received ppp loans. For example, if you retained 15 employees during the pandemic, despite experiencing a full or partial business shutdown, or some other cleaning equipment or capacity limitation that modified your operations, this can mean up to 390 thousand dollars in ERTC funds as a check from the department of treasury, even if you received ppp loans.
In addition, the employee retention tax credit (ERTC) is not a loan. It does not need to be paid back or forgiven. It is a cheque from the department of treasury for up to 26 thousand dollars per employee to help your business after the turbulence of the past two years. Our ERTCWizard team is made up of tax attorneys, CPAs and other tax professionals, dedicated to helping business owners maximize their ERTC claims. We offer a free evaluation of your claim and we are capable of navigating the complicated IRS regulations to ensure you’re getting the maximum benefit. So, how do you know if you qualify for the ERTC? Qualification is based on your business operations that have been affected by the actions of the local state and federal governments to stop the spread of covid 19.
How To Determine Your Eligibility for ERC
Most CPAS, and other tax professionals simply do not have the time to dive into the moving parts of the ERC program. That’s why we’ve created a dedicated team that is focused solely on ERC and ensuring you get your maximum credit. Visit our homepage at ERTCWizard.com. Our ERC team typically takes 24 to 48 hours to determine your eligibility, as well as provide an estimate of the credit you may receive. Determining eligibility is at no cost to you. If you have any more questions for us don’t hesitate to contact us via the contact form. We look forward to helping you.