With new legislation added in 2021, employers can claim both the ERTC and PPP benefits for 2020 and 2021. The experts at San Diego Credit Retention Services can help you to maximize your benefits today.
Dealing with payroll regulations and tax credits was difficult enough before they started changing all the rules. Now that they've updated the laws - again - you may be eligible for more credits than you think, but only if you know where to look. Let the experts help you to maximize your returns, so you don't miss out.
In 2020, when the CARES Act was passed, you had the option to choose between filing for the Payroll Protection Program or the Employee Tax Retention Credit. At the time, most employers chose the PPP program, but the legislation was updated in 2021 to allow you to take advantage of both programs.
You can learn more about the changes from this short video https://www.youtube.com/watch?v=D4z90CEAslw
Since the legislation was updated, San Diego Retention Credit Service has been helping employers like you to file for the ERTC program, to maximize your benefits from both programs. Under the American Rescue Act, you can now file for ERTC benefits whether or not you received PPP funds.
Employers who had employees on their payroll between March 2020 and the end of December 2021 can be credited for 50% of their wages up to $10,000. In 2021, new changes to the legislation increased the amount to 70% of an employee’s wages up to $10,000 for the first three fiscal quarters of 2021.
Your business may be eligible for the program if you were fully or partially suspended because of a government order limiting travel, commerce, or group meetings for at least one calendar quarter. Reduced gross receipts of at least 50% for a fiscal quarter compared to the same quarter the previous year also qualify a business for the credit.
The professionals at San Diego Retention Credit Service can quickly determine the eligibility of your business, and the accounting team will pre-qualify your company based on some shared information. To apply, business owners can fill out a form on the service’s website and upload some data to their secure server.
The information required will include your company’s 941 returns, PPP loan documents, and raw payroll data. Once this information is uploaded, accountants will calculate the return owed to your business, help you amend and upload your 941-X amended payroll returns, and file them with the IRS so you can receive a cheque in the mail.
A satisfied client said, “When the Employee Retention Credit was included in the CARES Act, we knew we wanted help navigating the guidelines, calculations, and paperwork so we could maximize our tax credit and get everything filed correctly. We were very pleased with the services.”
Don't miss out on these important benefits just because filing for them can be a bit complicated - that's what the experts are for. All you have to do is provide them with the right information, and they'll make sure you get every dollar you deserve.
Visit https://employeeretentionrebate.com to learn how much your business is eligible for in tax credits.
