Did your restaurant, bar, or entertainment venue retain its staff during the COVID-19 pandemic? You may be eligible to receive up to $26,000 in unclaimed tax credits – get in touch with Cottage Digital Media!
If you're the owner of a small or medium-sized business in Los Angeles, you likely faced significant challenges between 2020 and 2021 due to the coronavirus outbreak. And now that the world has already gotten back to business, figuring out how to file a bunch of complicated tax forms is probably the last thing you need. If you can relate, check out Cottage Digital Media - they offer an expert service designed to streamline the tax claim and refund process for you!
To claim your Employee Retention Tax Credit (ERTC) in 15 minutes or less, visit https://ertcrecoveryaid.com
Cottage Digital Media offers the service in partnership with ERTC Recovery Aid following a report by the National Restaurant Association documenting a backlog of refunds at the IRS. What's more, many restaurants, bars, and entertainment venues didn't apply for the credit in 2020 and 2021 - despite meeting the eligibility requirements.
Thanks to the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Los Angeles-area restaurants, bars, and entertainment venues that were affected by the pandemic are eligible to claim a percentage of the wages paid during the dates established by the legislation.
Created in 2020, the purpose of the ERTC was to help businesses like yours retain staff despite economic uncertainty. You can claim 50% of qualified expenses paid between March 12, 2020, and January 1, 2021, and up to $10,000 in wages paid per employee during the first three quarters of the 2021 fiscal year. In total, you may be eligible to claim up to $26,000 per W-2 employee!
Even if you received funds through the Payroll Protection Program (PPP), you may still be eligible to receive ERTC credits thanks to the American Rescue Plan Act of 2021, which modified and expanded the conditions of prior stimulus programs.
Of course, if you work in the restaurant and entertainment industry, navigating complex tax legislation is probably low on the list of ways you'd prefer to spend your time. And if you get it wrong, there's always the risk of an audit - i.e. a small business owner's worst nightmare!
Fortunately, Cottage Digital Media has got you covered with its easy-to-use online platform - you can claim your tax credit refunds after completing a 15-minute questionnaire available through Cottage Digital Media's website. No upfront payment is required, with the fee being entirely based on the amount of the total refund you receive.
To guarantee you get the maximum refundable credits you're entitled to receive, Cottage Digital Media does not use automated software. Better yet, your files are reviewed by a Certified Public Accountant (CPA) to safeguard against audits.
A spokesperson for Cottage Digital Media says, "We only specialize in maximizing Employee Retention Tax Credits for small business owners. You won’t find us preparing income taxes, compiling financial statements, or providing attestation services of any kind."
To learn more about how you can benefit from Cottage Digital Media services, please visit https://ertcrecoveryaid.com
