With the lockdowns ended and a return to “business as usual,” many small and medium-sized business owners have found themselves still struggling to recover from the recent pandemic. This newly updated rebate application service offered by ERC Nationwide can help employers claim up to $26,000 per employee in rebates, which are not a loan and have no restrictions on how they can be spent.
More information about ERC Nationwide, the rebate application service, and ERC eligibility requirements can be found at https://erctaxeligible.com
The Employee Retention Credit (ERC) program was created alongside the more popular Paycheck Protection Program (PPP) in 2020. Still, it was quickly forgotten by many employers, who could only receive benefits from one program or the other. The new rebate service takes advantage of recent amendments to the ERC guidelines to help employers claim ERC tax credits, even if they have already enrolled in the PPP.
To qualify for the program, a business must have had 500 W-2 employees or fewer on average during 2020 and 2021. They must also be able to show that they were negatively affected by the pandemic in some way. However, with recent amendments to the ERC program, almost all small and medium-sized businesses can meet this requirement.
This can be shown through significant financial losses compared to previous years, lockdowns caused by government orders, or any time spent operating at a reduced capacity due to pandemic-related conditions. More information about qualifying for ERC rebates can be found at https://erctaxeligible.com/qualifying-for-erc
Eligible employers can claim up to $26,000 per employee in refundable tax credits that will be delivered as a check in the mail from the IRS. Unlike payments provided through the PPP, these rebates are not a loan. They are reimbursement for wages paid during the pandemic, provided as an incentive for keeping employees on the payroll.
Employers can use no-cost, no-obligation tools on the ERC Nationwide website to determine if they qualify and to get an estimate of their available refund. The program includes audit-proof documentation for every client and complete expert analysis of their business’s potential rebates within five minutes of completing the pre-qualification assessment.
More information about claiming ERC rebates in 2022, maximizing tax credits, and how the program works can be found at https://erctaxeligible.com/what-is-erc
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Michigan Journal USA journalist was involved in the writing and production of this article.