Time to apply is expired!
Have you heard of ERC, the Employee Retention Credit? ERC is a substantial stimulus available to businesses that
retained their employees
during the Covid-19 pandemic. A company with a minimum of 5 full-time W2 employees can qualify, even if they took PPP loans and had no revenue decrease. When President Biden came into office, he made several changes to the Cares Act legislation, making it
much easier for all businesses to qualify.
Retomart has partnered with Bottom Line Concepts, the world’s leading independent consulting firm, to help you file for ERC. Bottom Line, makes the process of filing for ERC extremely simple and efficient. Your business can receive up to $26,000 per employee ($10,000 is the average). If you want to learn more about how Bottom Line can help your business, click here to Get Started to sign up for a free 15-minute call with an expert advisor. They handle the entire process from beginning to end, and have already recovered over $2.1 billion for over 13,000 businesses just like yours.
Time to apply is expired!
Click the button below, or click here to Get Started to sign up for a free 15-minute call with an expert advisor:
The Employee Retention Credit is basically a tax rebate program for U.S. businesses that were able to retain their employees during the Covid-19 pandemic. It is a refundable tax credit (a grant, not a loan) established by the CARES Act, that you can claim for your business if you qualify. The ERC is available to both small and mid-sized businesses. It is based on qualified wages and healthcare paid to employees.
Time is running out. An eligible employer claiming a refundable credit for any quarter in 2020 must file its 941x forms by April 15, 2024. An eligible employer claiming a refundable credit for any quarter in 2021 must file its 941x forms by April 15, 2025.
From March 13th, 2020 to September 30th, 2021, for eligible employers.
Not all businesses are eligible, but it is estimated that 70% to 80% of small to medium sized businesses are likely eligible. Click the button below to sign up for a free 15-minute call with an expert advisor to find out.
Because of the complexity of the ERC stimulus program and its various changes over time, many CPA's and standard accountants do not have the experience or know-how in understanding how this particular program works, whether a business is eligible or what qualifies a business, and how to file for ERC. Just reading about can be 170 pages and the application process can take months to complete. Bottom Line Concepts has streamlined this process and has a proven track record along with the resources to recovering the most funds as quickly as possible.
Bottom Line works on a contingency basis. There is no fee for this service until the IRS fully funds you.
Time to apply is expired!
Click the button below, or click here to Get Started to sign up for a free 15-minute call with an expert advisor:
If your business was open during the Covid-19 pandemic, it probably had to go through some changes. The ERC may help you in a number of ways. Here are a few examples:
Covering operating costs: The ERC may help cover the cost of rent, utilities, inventory, and other necessary expenses that your business incurred while trying to stay open during the pandemic.
Adapting to new circumstances: Many businesses had to pivot their operations during the pandemic to survive. The ERC may help you cover the adjustments that were necessary to operate during the pandemic, such as investing in technology for remote work, offering online services, or implementing new safety protocols.
Marketing and advertising: The ERC may also help your businesses cover the costs of new methods to market your products or services when traditional advertising channels were no longer effective. For example, to launch a social media campaign or create promotional materials for curbside pickup or delivery options.
Employee support: Many businesses faced the difficult decision of reducing staff or cutting hours during the pandemic. The ERC may provide financial support to help cover all or part of the costs that were necessary to retain or rehire employees, offer hazard pay, or to provide training and resources to help your employees adjust to new safety protocols.
Debt relief: If your business incurred debt during the pandemic, the ERC may help you pay down or refinance that debt, providing much-needed relief and freeing up cash flow for your current and future operations.
Note: If you got other sources of Covid relief, such as the PPP, make sure there is no spending and reporting overlap. All your spending must well documented, and your reports must clearly show how each source of funding is spent. Click the button below, or click here to Get Started to sign up for a free 15-minute call with an expert advisor:
Time to apply is expired!
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