The Employee Retention Tax Credit (ERTC) was created under the CARES Act with the aim of encouraging businesses to keep employees on the payroll during the recent pandemic. Cottage Digital Media’s new services are designed to help businesses, such as local restaurants, bars, and theaters, apply for the maximal ERTC allowance available.
More information is available at https://ertcrecoveryaid.com
The announcement comes in response to the amendments introduced to the ERTC program recently by the government and offers a quick no-obligation check for businesses to see if they are eligible for the tax credits.
The COVID pandemic has transformed the global economy in an unprecedented way, with research showing that low-paid workers and small businesses have experienced the most significant toll. Although wage subsidies have gone some way to keep workers on the payroll and avoid mass lay-offs, many companies need that extra helping hand to regain their feet.
ERTC is a tax credit refund used for a percentage of a business’s payroll for each quarter they qualify. Unlike PPP loans, ERTC rebates do not have to be repaid, and there are no restrictions on how the refunds are used. As part of application process, businesses just have to claim their due amount. Both full-time and part-time employees qualify when making a claim.
Cottage Digital Media has created its new services with simplicity and speed in mind. The company partners with a team of ERTC specialist accountants who take businesses through their claim step by step, starting with an eligibility questionnaire to determine qualifications against the specific requirements of the program.
The services include calculating any tax credits due, organization of 941 returns, PPP loan documents, and basic payroll data on a secure portal, and preparing and filing the required 941-X paperwork. Following this, businesses simply need to wait for the IRS to process the claim and mail a check.
A spokesperson for the company said: “We only specialize in maximizing Employee Retention Tax Credits for small business wonders. When you engage us, rest assured that you’ve hired the best CPA firm to lock in this one-time opportunity for a large refund check from the IRS.”
Further details are available https://ertcrecoveryaid.com
Cottage Digital Media
380 Maple Street
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.
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