ERTC Misconception Busted: You Can Receive ERC Tax Credits Even With PPP Loans

The ERTC fund is there for the taking; for many employers, sadly, the various misconceptions around the program’s eligibility and application deadline are discouraging. But not anymore: ERTC Express, a leading provider of ERTC services, is here to debunk these myths and empower you with the right information to claim your due rebates. 

If you’ve always wondered whether you qualify for the ERTC but have never taken the first step, now is the time to take the bull by the horns. Visit https://employee-retentiontaxcredit.com/ now to check your eligibility fast.  

What You Should Know About The ERTC Program 

Billions of dollars of ERTC funds go unclaimed. These are part of the federal government’s stimulus efforts to ease the economic hardship caused by the COVID-era lockdowns.

Qualified employers can receive up to $26,000 per W-2 employee for keeping their workers on the payroll between 2020 and 2021. 

Myths Vs Reality: Debunking ERTC Misconceptions 

The ERTC program has undergone several changes since it was first launched in 2020, muddling up the criteria for eligibility and leaving many with questions. 

• Myth #1: Only Essential Businesses Can Benefit From ERTC – many people erroneously believe this; however, the reality is that your business doesn’t have to be deemed essential (provided it was affected by the lockdown, and you employ fewer than 500 full-time equivalent employees) to qualify for the employee retention tax credit. 
• Myth #2: PPP Loan Beneficiaries Are Not Qualified – if you had previously received Payroll Protection Program funding or had your PPP loans forgiven, you can still benefit from the refundable tax credit under the ERTC program – thanks to the Consolidated Appropriations Act (CAA) of 2021, which removed this limitation. 
• Myth #3: Only Businesses That Experienced A Decline In Gross Receipts Are Eligible – while that’s one of the requirements, businesses that experienced moderate dips in revenue, or increases, even though they experienced a partial or full suspension, can still qualify. 
• Myth #4: Application For ERTC Is Closing In 2024 – this is partly true, according to the current IRS guidelines, ERTC applications can be made through April 15, 2025, for the 2021 tax period, while April 15, 2024, is the cut-off date for 2020 tax periods. 

Hire ERTC Experts To Maximize Your Refund 

ERTC Express works with businesses across various verticals, from NGOs and educational organizations to SMBs and startups. 

Its services are available on a contingency fee basis, with its team of ERTC experts committed to helping you receive the maximum allowable refund.

Quick & Easy ERTC Online Eligibility Verification 

For a time commitment of less than 15 minutes, you can verify your eligibility and the estimated potential amount you could receive should your claims get approved. It's important to note, however, that there’s an IRS moratorium and voluntary disclosure period that could affect how quickly your claim will be processed.

Don’t let these misconceptions stop you from accessing the government's no-strings-attached financial aid to support your business. 

Start the process now at https://employee-retentiontaxcredit.com/