Employee Retention Credit Example Claims | 2022 Tax Rebate Application Updated

Though more than $1 billion dollars in Employee Retention Tax Credits (ERTC) were claimed in 2021, many employers still have not completed their applications for rebates. The updated claim examples from Free Tax Cash include non-profit organizations, small businesses, and restaurants.

For more information about ERTC or to complete a claim, please visit https://www.freetaxcash.com

As an agent for a firm of specialist CPAs, Free Tax Cash helps small to medium-sized businesses to maximize their rebates and complete their claims. The updated list of examples includes businesses that have completed their rebate claims in the past 30 days, with the highest refund being $1,120,000 for a restaurant ownership group in Florida.

An optimized application process called the 15 Minute Refund program allows employers to complete their entire claim with a short time commitment, and the help of ERTC specialist CPAs. This fast application is not available from other CPA firms and includes audit-proof documentation for each client.

Employers who are unsure of their eligibility can take a no-cost, no-obligation assessment on the Free Tax Cash website, that requires no proprietary business information. The assessment includes 10 simple questions and will help employers to determine if they are eligible, and how much they can claim.

Businesses that have already enrolled in the Paycheck Protection Program (PPP) are also eligible for tax credits if they meet the other requirements. To be eligible, a business must have suffered financial losses during the pandemic, or have been partially or fully closed for business because of government orders, such as a lockdown.

While the PPP offered small loans to business owners, with restrictions on how they could spend the funds, the ERTC program takes a different approach. The tax credits it offers are not a loan, do not need to be repaid, and have no restrictions on how they can be spent.

Other examples of companies helped by this firm of specialist CPAs include Montessori School in Addison, IL, which claimed a rebate for $175,000, with 35 W-2 employees. They also assisted a restaurant in Houston, TX, that has 80 W-2 employees with a claim of $400,000.

For more examples of companies eligible for tax rebates, or to take the eligibility assessment, please visit https://www.freetaxcash.com

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