In response to the expanded eligibility for the Employee Retention Tax Credit (ERTC), ERC Scope has announced its eligibility assessment and application services for small and medium-sized businesses. The team also offers a complimentary initial consultation to all applicants.
For more information, visit https://www.ercscope.com/
With the recently amended ERTC qualification guidelines, every employer who had between two and 500 W-2 employees in 2021 can potentially qualify for rebates if their business was affected by the pandemic. Businesses that have already claimed rebates for 2020 or received funds under the Paycheck Protection Program (PPP) are also eligible. Originally, businesses could only choose the PPP or the ERTC, but with the updated requirements, they can use both programs without penalties, provided they meet the ERTC qualification criteria.
Unlike the PPP, rebates are not a loan and don’t require repayment, ERC Scope explains. There are also no spending restrictions, and businesses can qualify for up to $26,000 per employee. While the average rebate is around $150,000, some have claimed millions in rebates, the consultancy adds.
To help businesses claim before the deadline, ERC Scope offers an eligibility test available on their website that is accessible to any US-based employer. The consultancy charges no up-front fees, with businesses only paying after receiving their rebate. The program isn’t limited to small and medium-sized businesses only – startups, non-profits, and businesses founded during the pandemic can also apply.
Businesses have the option to retroactively claim these credits until April 2024 for 2020 and until April 2025 for 2021. ERC Scope’s associated Audit Services Partner has a track record of successfully obtaining refunds for eligible entities.
“This is a big shout-out for business owners to get their company the financial aid it deserves before the program ends. Don’t miss out,” a representative said.
About the Company
ERC Scope, a company affiliated with Bottom Line, offers specialized services in pre-qualifying and auditing Employee Retention Credit Tax, applicants adhering to the latest IRS legislation. They provide a complimentary pre-qualification assessment, allowing businesses to ascertain their eligibility. In addition to the potential benefits from the Paycheck Protection Program (PPP) progran, businesses might qualify for credits averaging $10,000 per employee, with the government having earmarked up to $26,000 per employee for the COVID-19 relief program of 2020-2021.
Interested parties who want to take the qualification test may visit https://www.ercscope.com/pre-qualification-test
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Daily Scotland News journalist was involved in the writing and production of this article.