Here you will discover a handful of little-known facts about the SBA grants for COVID-19 plagued businesses under the CARES Act. Most businesses are unaware that these changes make them eligible for new or additional funds. Further information can be found at https://ertcfilingservice.com
ERTC Filing Service has today made public 5 little-known facts about the COVID-19 relief funds for businesses. The Employee Retention Tax Credit (ERTC) rules have changed since 2020 and now include many options most businesses are not aware of. Not knowing and understanding these changes is costing those unaware businesses a significant amount of money that could help prop them up economically during the aftermath of the COVID-19 pandemic. ERTC Filing Service believes many fans and consumers within the Business space should find these next 5 little-known facts particularly interesting.
The 5 items include the following nuggets:
The idea for creating ERTC Filing Service came about shortly after the 2020 coronavirus pandemic turned the business world upside down. The coronavirus put a huge strain on businesses across the country. Most businesses were mandated to reduce occupancy and, several times throughout the course of the pandemic, to close completely. The federal government responded by providing COVID-19 relief funds through the CARES Ace which were in the form of PPP loans and ERTC refunds. Initially, businesses had to choose between the PPP loan or the ERTC, and most opted for the PPP loans. However, everything changed in March of 2021. Due to this mid-stream change, most businesses were not aware they were eligible to receive additional funding in the form of a rebate.
The research and filing process to receive the COVID-19 relief funds has proven to be extremely difficult, even to the most seasoned CPAs. Therefore, it became obvious there was a need for providing professional filing assistance to businesses in the form of ERTC specialists. These specialists are well versed in the process and are essential in helping businesses receive every penny due to them.
The Employee Retention Tax Credit (ERTC) had been in development for several years and continues to evolve. The expert CPAs available to eligible businesses began as a team of 3 and have branched out into a 300 location operation nationwide. This is considered exceptional by industry standards. This goes to show when an urgent need arises, there are those eagerly willing to fulfill that need.
The CARES Act refunds for businesses almost didn't see the light of day due to the volatile political atmosphere. However, when businesses across the country began closing permanently at an alarming rate the federal government realized something had to be done and pulled together in agreement and approved business pandemic relief funds as part of the CARES Act. The problem was then easily overcome by providing SBA grants for COVID-19 affected businesses. These programs were implemented in 2020. Then in 2021 new rules were introduced to improve upon and extend the pandemic relief funds available for businesses across the nation. Most businesses are now eligible for ERTC refunds even if that business had received a PPP loan previously. The new rules allow businesses to use the refund for anything it chooses which differs from the previous program rules. In addition, the CARES Act states the money does not have to be paid back and a business can file retroactively to receive additional money. This can be done by filing an amended form 941.
ERTC Filing Service's main goal is to inform businesses about the new rules concerning the Employee Retention Tax Credit and to provide those businesses with access to CPAs specializing in the intricacies of the ERTC research and filing process which is difficult for even the most experienced CPAs. These ERTC specialists are not marketers, they are seasoned CPAs specializing in the ERTC program. In addition, the company has a nationwide accounting team with 300 locations all specializing in the ERTC eligibility rules and regulations. It's hoped this goal will be achieved by the ERTC Filing Service so as many businesses as possible are informed of the new COVID-19 relief fund rules. Most businesses appreciate the available assistance when it comes to filing these amended 941 forms which are necessary to receive the money each company is eligible for.
ERTC Filing Service got its start when Founder Lauren Harrington, a CPA marketing partner, noticed a growing need for making businesses aware of the new eligibility rules of the CARES Act and the newly provided COVID-19 relief funds for businesses. Lauren now makes it a priority to provide assistance via an easy-to-use submission form so each business has access to a dedicated ERTC CPA specialist. This will enable any given business the ability to discover how much money it's eligible for. With 20 years of prior experience in the business world, Lauren Harrington, a CPA marketing partner, decided to go ahead and build a platform in 2021 that would make it easier to make businesses aware of the COVID-19 relief options for businesses.
Lauren Harrington, a CPA marketing partner, is quoted saying: "ERTC Filing Service likes to do things to connect consumers and customers with the pandemic relief funds they are eligible for. In addition, ERTC Filing Service provides each business with the most up-to-date information available about the changes in the COVID-19 relief fund policies, provides instant access to a dedicated ERTC CPA specialist to answer all questions and process its forms, then updates all businesses as to the status of its rebate once the paperwork has been filed. ERTC Filing Service will then provide all businesses with additional business marketing and management tools the company provides. ERTC Filing Service also makes it a priority to inform all businesses about these little-known factoids that will help keep them afloat during this continued crisis. The Employee Retention Tax Credit (ERTC) relief funds will continue to help businesses keep the doors open even as this pandemic rages on. Even though ERTC Filing Services has only been live for 1 month it has been able to successfully inform a multitude of businesses in need about the CARES Act small business grants that are available to them. To find out more, it's possible to visit https://ertcfilingservice.com
For more facts and further information about ERTC Filing Service, this can be discovered at https://ertcfilingservice.com
