With the latest update, the company can provide assistance for business owners seeking to secure the relief allotted to them through the Employee Retention Tax Credit, or ERC. The program expires in the near future, which has led TaxCreditChecks.com to create an expedited version of their application help service.
To learn more, visit https://taxcreditchecks.com
As part of this update, TaxCreditChecks.com has connected with several accounting partners, who have so far had a 97% acceptance rate to the ERC program regardless of whether those businesses received a PPP loan during the pandemic. The service is intended for businesses with as few as 5 employees.
Businesses may qualify for the ERC if they suffered losses due to pandemic-related factors such as lockdowns or supply chain disruptions, but were still able to retain employees over that period. For each of those employees who stayed on the payroll through the pandemic, businesses may be able to receive $26,000 in tax credit relief.
Immediately following the lockdown periods of 2020 and 2021, TaxCreditChecks.com was able to help nearly 4,000 businesses secure relief. With the ERC program expiring in the near future with a soft deadline imposed at the end of 2024, it is important that businesses seeking relief apply as soon as possible given the time it takes for applications to be processed.
The TaxCreditCheck.com program has been established to walk businesses through the complicated and often confusing process of applying for ERC funding, and to raise awareness for the program.
One client working in the financial industry said, “Our revenue took a small hit over 2020 but it didn’t hit the threshold the IRS requires for a company to qualify for the ERC. The team over at TaxCreditChecks.com helped us qualify for over $276,000 for our 2020 credit. We have another $500,000+ on the way for the first 2 quarters of 2021 and they will help us with our 3rd quarter filing very soon.”
Interested parties can call 760-718-1800 to field questions or to secure a consultation with the team.
More information can be found at https://taxcreditchecks.com
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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.