Who qualifies for the Employee Retention Tax Credit? This fast and free eligibility test can determine if you qualify with 10 easy questions – and no proprietary business information.
Can non-profits qualify for ERTC?
What about startups, or new businesses?
Can you claim tax credits if your company already got a PPP loan?
The answers are yes, yes, and absolutely - Free Tax Cash has got you covered.
The Employee Retention Tax Credit (ERTC) has been amended several times, with changes to the eligibility requirements making it one of the largest relief programs in American history, and leaving many business owners unsure if they qualify. A new 10-question assessment from Free Tax Cash can help you to find out if you are eligible for rebates, in about one minute.
Visit https://www.freetaxcash.com to find out if you're eligible.
In partnership with a team of ERTC specialist CPAs, Free Tax Cash has also created a new 15 Minute Refund program that makes it easier for you to claim rebates after taking the eligibility assessment. Eligible employers will receive a link to a secure portal where you can get help from the CPA team to complete your claim, with a guaranteed maximum rebate.
The most significant changes to the ERTC program happened in December 2020, with the passing of the Consolidated Appropriations Act. It allowed employers with up to 500 full-time staff on average to apply, as well as companies that have already received a loan through the Paycheck Protection Program.
The same amendment reduced the amount of financial losses required to qualify. Originally your company would have had to suffer a 50% loss in gross receipts, compared to the same fiscal quarter of the previous year, but that was reduced to only 20% losses for 2021. Businesses may also qualify for a rebate if they were closed at any point during the pandemic due to government orders, such as a lockdown.
Many employers are unaware that they can also be eligible for tax credits if they suffered a partial shutdown, for any number of reasons. This can include supply chain issues, or being required to operate at a limited capacity. For example, many restaurants are eligible for rebates if they had to close their dining rooms and offer takeout only. To learn more about the Employee Retention Credit for restaurants, please visit https://www.wtnzfox43.com/story/46128017/restaurant-erc-tax-credit-claim-form-2022-employer-rebate-application-updated
New businesses founded during the pandemic can claim tax credits if they have gross receipts of less than $1 million, and at least one employee who is not a family member or 50% owner. The program is also open to startups and non-profit organizations, including churches, schools, and hospitals. For more information about the Employee Retention Credit for non-profits, please visit https://www.wtnzfox43.com/story/46280043/nonprofits-ertc-eligibility-test-2022-cpa-tax-rebate-application-launched
The Free Tax Cash 15 Minute Refund program is open to all eligible employers, with the guaranteed maximum allowable rebates, and audit-proof documentation.
It only takes a minute to find out if you're eligible for up to $26,000 per employee, and with the help of the ERTC specialist team, only 15 minutes to claim it. If you're a business owner that suffered closures, partial shutdowns, or financial losses during the pandemic, you're probably eligible for a rebate. Find out today.
Visit https://www.freetaxcash.com to take the free eligibility test, or to begin the 15 Minute Refund program.
