The Employee Retention Credit (ERC) Application Assistance Program.
The Transaction Group (TTG), a leading provider of business support services, announces their latest service offering for businesses: The Employee Retention Credit (ERC) Application Assistance Program.
After many small businesses in the United States were forced to shut their doors during the Covid pandemic of 2020, essentially crippling them, the Federal Government stepped in to help minimize the aftereffects. One of the programs they developed and introduced is known as an Employee Retention Credit or ERC.
ERC is under the CARES Act (Coronavirus Aid, Relief, and Economic Security Act), which was a $2.2 trillion economic stimulus bill passed by the U.S. Congress and signed into law by President Trump on March 27, 2020.
Under the bill, qualifying businesses with between 5 and 500 employees are eligible to apply for and receive funds from the Federal Government. The Employee Retention Credit allows businesses to pay qualified wages to employees from March 2020 through 3rd quarter 2021. Although the program has ended, businesses can continue to retroactively claim ERC if they have not done so already. To learn more visit https://www.thetransactiongroup.net/apply-receive-employee-retention-tax-credit-irs/
Since 2004, TTG has been delivering credit card processing and other niche business services that are in demand by most small businesses. As with all their current service offerings, The Transaction Group are either experts in specific business subject matter or are partnered with other companies that are.
With their ERC Application Assistance Program, TTG has partnered with an experienced and highly reputable accounting firm who are small business tax experts. “It's not impossible for businesses to complete the employee retention credit application on their own, however, the process can be complicated and cumbersome,” said Michael Rupkalvis, President of TTG. If the application is not handled properly, a business simply will disqualify itself from potential disbursement.
In addition, improper filing can create further headaches when dealing with the IRS and tax obligations and liabilities. The firm offers full audit protection and has a multi-million dollar E&O (Errors & Omissions) insurance policy.
Rupkalvis said, “the retention credit is worth up to $26,000 per W2 employee. As long as the company has anywhere from 5 to 500 employees, and meets other basic qualifications, there should be no problem getting approved.” The accounting firm boasts an approval rate of over 95% for all ERC applications from eligible companies.
If you own a small business or manage the financials for a small business, allow TTG to help you receive a disbursement you may be eligible for. Contact TTG today to learn more about the Employee Retention Credit (ERC) Application Assistance Program.
About The Transaction Group
The Transaction Group (TTG) is a leading provider of business support services. In addition to credit card processing, TTG offers in-demand niche business services. Since 2004, TTG has helped U.S. and international businesses locate and implement the best solutions for their individual business needs. By utilizing a network of industry partners and professionals with a combined 60 years of experience, The Transaction Group is confident in their ability to deliver unmatched professional service. For more information, please visit www.thetransactiongroup.net, or call 888-383-8056.
