CreditApplicationFrom TheBestCPAs
Themajorityofsmalltomedium-sizedAmericanbusinessowners qualifyforrebatesthroughtheEmployeeRetentionTaxCredit program,buttherearestillbillionsofdollarsunclaimed.
TaxCreditCheckshascreateda simpleapplicationprocessthathas helped97%ofapplicantsto receivetheirrebatesforwages paidin2020and2021.
UsingtheTaxCreditChecks'no-riskapplication,youcanfindoutifyou qualifyforrebates,andcompleteanapplication,withnocostunlessyou receiveachequefromtheIRS.
Eachclientwillhaveanonboarding specialisttohelpthemwiththe processandanswerquestionsthey mayhave,whilededicatedCPAs completetheirpaperwork.
WhentheCARESActwaspassedin2020,itincludedtwo pandemicreliefoptionsthathaveoftenbeenconfusedasa singleprogram.
Oneoption,thePaycheckProtection Program(PPP),providesloansto smallbusinesses.Thesecondoption, theERTC,providesone-timepayouts astaxcreditsthatdonothavetobe repaid.
Itisnowpossibleforyoutoqualifyfortaxcredits,evenifyou havealreadyreceivedaloanthroughthePPP.
UnlikePPPloans,ERTC rebateshavenorestrictionson howtheycanbespent.
Eligibleemployersmayclaimupto$26,000peremployeein rebatesiftheykeptstaffmembersonthepayrollthroughout thepandemic.
TheTaxCreditChecks'CPA teamwillhelptocalculateyour maximumallowablerebateand makeamendmentstoyour941 returns.
Theprogramisopentoanybusinessthatsufferedfinanciallossesor temporaryclosuresduringthepandemic,includingnon-profitsand startups.
Newbusinessesthatwerefounded afterFebruary15,2020,arealso eligibleforupto$100,000intax credits,asaRecoveryStartup Business.