Get qualified for ERC pandemic relief funds, the easy way. This fast eligibility check and application service from Bottomline Concepts makes it simple to find out if you qualify and maximize your rebate, even if you’ve already received PPP loans.
So, what is ERTC Funding?
The Federal Government has recently amended the CARES Act, and it now makes more businesses eligible to collect the Employee Retention Tax Credit funds that were originally offered to help businesses that were affected by and qualified for Covid-19 relief.
Because of the processing time involved for the ERTC program, most businesses chose to participate in the PPP program, because it got them funding quickly, whereas the ERTC Funding initially took at least 6 months to process and get paid on.
Even if a business previously participated and collected funding under the PPP program, it probably now also qualifies to receive additional funding under the ERTC program.
If a business didn’t participate in the PPP program, then it possibly will have an even bigger check coming its way!
The ERTC program has been expanded to help more business owners retain their employees, and it pays out money for the W-2 employees that businesses had employed and retained during the years 2020- 2021. The qualification for each year is slightly different but depending upon what was paid out to W-2 employees in wages for both years, a business could qualify to get back as much as $26,000 PER EMPLOYEE. NO that is not a TYPO.
You could possibly receive as much as 70% of the wages you paid out, up to $10K PER EMPLOYEE PER QUARTERS 1, 2 & 3 in 2021!
In most cases, we are talking about a nice big cheque coming to business owners, so owners of small to medium-sized businesses should definitely follow through with this to see what their business can qualify for.
Most businesses were affected in one way or another by the negative effects Covid had on the economy, but the good news is that the government has made it much easier now to qualify for this ERTC Funding and because of recent changes, now more businesses can qualify.
The best thing about these FUNDS is that they never have to be paid back.
What business wouldn’t benefit from this program?
This funding isn’t related to just one industry or type of business, so if you know another Business Owner who has W-2 Employees, feel free to forward this message over to them and tell them to click on the website link above and begin filling out the fields in the initial inquiry form so they can see if they qualify (and probably do) and to see how much their rebate could be!
If a business has W-2 Employees, that have been paid wages in 2020 and/or 2021, then that business probably qualifies for ERTC Funding. Even if that business just started up their business during this time period, it probably also qualifies for ERTC Funding as well.
Business Owners everywhere need to be aware of this program and submit their Initial Inquiry Form to see if they qualify.
You would be dealing with BottomLine Concepts, LLC, the best ERTC Accounting Specialists in the Industry, who have already gotten hundreds of businesses ERTC Tax Credit money
Business owners can this process by clicking the "Get Qualified" button at https://bit.ly/BottomLineConcepts-EmployeeRetentionCredit
Although the Funds are called Tax Credits, business owners can receive a cash payment from the IRS/US Treasury instead of taking the credit.
You don’t want to miss out on this because, given the Payroll Expenses incurred by an average business, there is very likely a nice check waiting for most small to medium-sized businesses that apply for ERTC funding.
Don’t dismiss and ignore this, because this ERTC Funding is very real, and if you are a business owner you most likely qualify for it and can use it right now in your business.
Don't Let Misconceptions Hold You Back From Claiming Your ERTC Credit.
The ERTC tax incentive is heavily underutilized due to misconceptions surrounding eligibility. Take a look at some of the most common ERTC misconceptions.
Misconception #1: We had no revenue decline
Revenue is one of many factors that determine whether you qualify for ERTC. In fact, companies without a considerable revenue decline can still qualify for the employee retention tax credit.
Misconception #2: Our business is not essential
Your business does not have to be deemed essential to qualify for the employee retention tax credit.
Misconception #3: We have received a Paycheck Protection Program loan before
Companies that have received one or both PPP fundings are eligible for the employee retention tax credit.
Misconception #4: We never shut down our business
The ERTC tax incentive has several provisions that make it possible for employers who were not forced to completely shut down their business to qualify for the ERTC. Businesses that were forced to partially shut down their business can make a claim. Additionally, those businesses without a government mandate to shut down or partially shut down their business can still qualify through revenue decline.
Misconception #5: Our revenue went up after a shift in the market
Although your revenue increased for the year, many companies experienced declines in one or more quarters in 2020 and/or 2021 when compared to 2019. These short-term revenue declines allow you to qualify even with increased annual revenues.
Misconception #6: It’s too late to apply for the ERTC
If eligible, employers can claim the ERTC for qualified wages paid in 2020, as well as Q1, Q2, and Q3 of 2021. The statute of limitations for the 2020 ERTC does not close until April 15, 2024. The statute of limitations for the 2021 ERTCs does not close until April 15, 2025.
Get Employee Retention Credit For:
Revenue Decline
Capacity Restrictions
Supply Chain Disturbances
Travel Restrictions
Commercial Disruption
Group Gathering Limitations
Full & Partial Shutdowns
Customer or Job Site Shutdowns
Remote Work Orders
Customer Or Vendor Restrictions
It takes only seconds to click the “Get Qualified” button that allows you to input the estimated number of W2 employees your business had in 2021. This enables the expert BottomLine Accounting Team to assess whether your business qualifies or not. If it does, then they will reach out to you to explain the whole process in more detail and request the other information you will need to provide.
Once you submit the information they need, they can turn around your application and get it filed with the IRS in about 2-4 weeks, and then the IRS will review the application and process your Funds, and send you your ERTC cheque.
It is quick to get started. Just go to the website given below for more information and you can click on the “Get Qualified” button and indicate the Estimated Number of W2 Employees your business had in 2021 and someone from the BottomLine team will be back in touch with you shortly.
This might just be the best present you gave your Business ever.
If you have any questions, please don’t hesitate to reach out to the BottomLine Expert Accounting Team once you have submitted the Estimated Number of W2 Employees your business had in 2021 . Most of the information about the program is available on the website.
https://bit.ly/BottomLineConcepts-EmployeeRetentionCredit
The knowledge you need to understand the requirements for filing and processing a qualified and approved application are complex and best left up to these experts, and that is why I highly recommend that you connect with the BottomLine ERTC Accounting Experts by clicking on the “Get Qualified” button on the website provided above
Most CPAs don’t have the specialized knowledge or time to process these types of applications, but this is all this expert ERTC Team does, and they will be happy to work with your Business Accountant if needed, to obtain the necessary business paperwork to get your business it’s ERTC Funds.
The experts at BottomLine Concepts, LLC will need the following documents to process your rebate:
1. W-3 for 2019
a. We use this IRS form to confirm the number of full-time employees you averaged in 2019.
b. If you have trouble getting a W-3 from your payroll company, you can also provide your packet of W-2s or even a state payroll tax form that will help us to estimate how many employees you had in 2019.
c. PEO Note: If you lease your employees from a PEO, please provide documentation from your PEO that shows how many full-time employees you had in 2019.
2. Form 941's for all quarters (Q2 2020 to Q3 2021)
a. You are welcome to deliver these as individual PDFs or as one large PDF, whichever is easier.
b. In all, we are looking for 6 Form 941's.
c. We do not need any state filings or the annual Form 940.
d. PEO Note: If you lease your employees from a PEO, you will not have Form 941. Your payroll taxes are included on Form 941 with all the other clients of that PEO. You can skip this documentation.
3. For Year 2020 - PPP#1 Forgiveness Application - Form 3508 / 3508S / 3508EZ
4. For Year 2021 - PPP#2 Forgiveness Application - Form 3508 / 3508S / 3508EZ
a. If you did not receive a PPP Loan in 2020 or 2021, or if you have not yet applied for forgiveness, you can skip this documentation.
b. If you have already been forgiven for PPP, then you should have access to this Form 3508. This is the document provided to the bank where you stated the amount of the loan, defined the Covered Period, and identified how much of the loan was spent on payroll vs other non-payroll expenses.
c. If you applied for forgiveness through your lender's online portal, you completed the same information as on Form 3508. If you took screenshots as you were completing the application, you are welcome to upload that.
d. For most clients, if they don't already have a copy of this application, they request it from their bank and their bank can provide it rather quickly. After all, this will be the document requested by the IRS in the event of an audit of your ERTC claims.
e. Remember, if you don't have this right now, you can always come back later. We will wait to begin your claims process after all our requests are received and reviewed.
5. Payroll Journal from 3/1/20 to 12/31/21
a. Report must be in spreadsheet format.
b. Ideally, you can produce one report covering all paychecks from 3/1/20 to 12/31/21. Although, we find that many software programs can only run the report for a maximum date range of one year...so it may take a couple of files.
c. Some payroll providers call this a "Check History". For others, it is a "Payroll Detail" or "Employee Detail". For others, it is simply a "Payroll Journal".
d. To be clear, here are the important traits of this report:
i. This report should show the breakout of each paycheck for each employee.
ii. This report should not summarize wages by employee across the entire date range.
iii. This report should not summarize wages by paycode/deduction/contribution for all employees.
There is no cost or commitment to get started. Fees are applicable only when you decide you want to proceed with filing your completed ERTC package to receive your cash rebate.
A dedicated agent will be working alongside the team at BottomLine Concepts, LLC to facilitate your ERTC processing and will do everything they can to help ensure this process moves along quickly.
More information about ERTC eligibility, applications, and the Bottomline Concepts fast rebate service can be found at https://bit.ly/BottomLineConcepts-EmployeeRetentionCredit
