Have you applied for any financial help during the health crisis? Are you a business owner? If you haven’t checked, see if you are eligible to receive the Employee Retention Tax Credit (ERTC). This new report explains recent changes mean more business owners are eligible!
The health crisis has been challenging. And it’s not over yet. But there is help available. Especially if you are a business owner. Are you aware of the Employee Retention Tax Credit? Support is available for business owners like yourself who kept employees during the uncertainty of the past few years. This report explains everything!
The newly launched report from ScottHall.co states you can claim Employee Retention Tax Credit over the next two tax credit years (2020 and 2021). Even if your 2020 tax return has been filed, it is possible to claim ERTC and update your filing. In addition, the rules around who can apply were updated earlier in 2021. This means you may be in danger of missing out on tax credit.
You can find more information at https://scotthall.co/employee-retention-credit-2021
What has stopped you from applying for ERTC so far? Unlike other programs, the ERTC does not require you to repay the amount you receive. It is a tax credit that you can retrospectively claim to help you deal with the unexpected challenges caused by the ongoing health crisis. The newly launched report explains that it was created as part of the CARES Act.
Although it was originally introduced for 2020, the relief program has been extended. Are you aware of that? In addition, the report highlights a significant change earlier in the year that made the ERTC more appealing to business owners. It states that in March 2021, the eligibility criteria were revised to allow you to apply for both the Paycheck Protection Program (PPP) and ERTC. Previously, you could not apply for both.
You can use the eligibility checker via the website link provided. ERTC is open to many business owners, whether you are a beautician, retailer, or contractor. The report notes the easiest way to apply if you’ve submitted your tax return is to use the 941-X form to amend the employment tax credit.
The ERTC was developed to help safeguard jobs during the health crisis by supporting business owners. The report states the ERTC is available to you if you’ve kept on employees during the health crisis. The new rules mean you can claim up to $28,000 in relief per employee in 2021.
A company spokesperson said: “The CARES Act has become the second-largest source of financial help to small businesses during the pandemic. More businesses can use this act today. This report explains everything you need to know about the ERTC if you are a small business owner.”
Did you apply for the Paycheck Protection Program? You probably think you aren’t eligible for the Employee Retention Tax Credit, but you’d be wrong. The rules around who can apply changed significantly this year. This means you could be entitled to a large tax rebate. It’s not a loan, so you don’t have to pay it back. Use the link below to check your eligibility!
Go to https://employeetaxrefund.com to find out more!
