Want to apply for the Covid relief programs? Contact Mary Sloane of GMG Growth Management Group and let her help your hospitality business get the money Uncle Sam has set aside for those who qualify!
If you own a small restaurant, bar, hotel, or another business, you may be eligible for Covid relief programs! Contact Mary Sloane of GMG Growth Management Group LLC to see how she can help you get the money Uncle Sam owes you!
Go to http://showmemytaxsavings.com to find out more.
The company is offering you the opportunity to gain access to some of several government-approved credits designed to assist in the recovery of your small business.
The current health crisis has affected the hospitality sector the hardest. Small business owners, in particular, have suffered losses due to lockdowns and other health and safety measures imposed during the pandemic. However, the U.S. government has provided several relief funds that you can apply for with the assistance of experts at GMG.
There are six unique credits approved by the government that can grant you benefits. The Covid Employee Retention Credit (ERC) is designed to help you retain employees. To qualify, you need to have been fully or partially impacted by the pandemic or have experienced a fall in gross receipts of 50% or more in one or more months of either 2020 or 2021.
A spokesperson for the company stated: “As of December 21, 2020, and the passing of the Consolidated Appropriations Act of 2021, employers can take both PPP and ERC. Congress will allow employers to claim both, but not for the same dollars of payroll costs. The tax credits can be stacked for the highest benefit to the employer.”
Under the Disaster Retention Credit, you can apply if you operated in qualified disaster zones and as a result became inoperable but continued to pay or incur wages for eligible employees. It is important to note, that each case needs to be individually assessed.
Other programs that are available to a wide range of businesses include the Workers Opportunity Tax Credit and other Hiring Incentives for employers who hire and would like money to help pay the employees wages. For startups or businesses that innovate processes, products, or services Research & Development Tax Credits are available. For those who own commercial properties and pay more than $50,000 in property taxes, Property Tax Remediation is available.
The engineers at GMG can also assist you with Cost Segregation studies. They can complete the study in less than three weeks and guarantee that they will represent you without charge should the IRS question the study or decide to audit you. They have not lost a case in 17 years.
The recent launch is in line with the company’s long-standing commitment to assisting business owners in matters relating to a wide range of tax law provisions across the United States.
Ready to see what sort of monies and credits might be available? Click on http://showmemytaxsavings.com if you need more details!
