What Is The Employee Retention Credit And ERTC Application Process?
The ERTC is a refundable credit that businesses can claim on qualified wages, including certain health insurance costs, paid to employees. Many businesses are unaware of the ERTC Program and are missing out on recovering up to $26,000 per W-2 employee and up to $33,000 per employee for startup businesses.
A large number of businesses applied and received the PPP loans from the Cares Act. The employee retention credit is part of this program. What many business owners are NOT aware of is that the ERTC credit is NOT A LOAN. There is no payback involved. These are tax credits from payroll taxes paid on Form 941.
Employers with W-2 employees can apply for the ERTC refund for 2020 and the ERTC refund for 2021 at no charge to see if their business qualifies and then what the refund from the IRS would be. Business owners may apply at this ERTC website to submit non proprietary information and then will be contacted by an accounting firm that specializes in ERTC funding.
Does My Business Qualify For The Employee Retention Tax Credit?
If business was shut down for the pandemic or was restricted you are probably eligible. Also if your business had significant sales drop off in 2020 and 2021 you may also qualify. Most hospitality businesses, restaurants, food service companies, spas, gyms, churches, and other non profits were affected and may qualify. Even you you received a PPP loan your business may qualify. Employers must have W-2 employees.
How Can My Business Apply For The Employee Retention Tax Credit?
Business owners may apply at Employee Retention Rebate
There is NO CHARGE to apply. The ERTC CREDIT IS NOT A LOAN. This is money being refunded to the owner of the business to be used in any way desired. The owner is NOT required to spend it on their business.
More information available at https://employeeretentionrebate.com/
and on YouTube: https://youtu.be/iYjipi0FqYw
email paul@ertcfunding.business