This new claims process allows organizations with more than 5 and less than 500 employees to easily obtain the Employee Retention Tax Credit (ERTC) financial aid scheme. Businesses can now take advantage of the CARES stimulus package, which was created to reward those companies that retained and paid staff throughout the health crisis of 2020 and 2021.
More information can be found by visiting https://ertc-businesspayments.com/apply
By specializing in this type of accounting process, ERTC Business Payments is helping to raise awareness of a government scheme that many companies aren’t availing of. The company has clarified the misconception that ERTC is a government loan, stating that there is no obligation to make any sort of repayment. In addition, the government does not stipulate what these funds must be spent on or used for.
It’s possible for businesses to receive as much as $26,000 per employee in ERTC rebates, irrespective of whether or not the company has been in receipt of a Paycheck Protection Program (PPP) loan. The ERTC is a credit equal to 50% of qualified wages and health plan expenses paid between March 12th, 2020, and January 1st, 2021. This was increased to 70% of $10,000 paid in Q1, Q2, and Q3 of 2021.
ERTC Business Payments details how the entire application process works from beginning to end. Initially, clients are required to complete a simple questionnaire that allows the company to determine eligibility for the scheme. Once this has been done, the next step is to upload 941 returns, PPP loan documents, and raw payroll data. The third step of the process is to calculate the credit that the applicant can receive. After this, the company’s accountants will help clients to prepare the 941-X amended payroll returns. Once all this has been done, clients can expect to receive a check in the post.
In the past 30 days, the company has secured more than $1,000,000 in ERTC rebates for an individual business. The entire application process has been streamlined such that it can be completed in less than 15 minutes. Any client deemed not to be eligible for the scheme will not be obliged to pay any fees.
ERTC Business Payments was formed out of the desire to offer assistance to the thousands of American businesses heavily impacted by the events of 2020 and 2021. More information on the process can be found at https://youtu.be/b3T-jb98XE4
Interested parties can learn more about this service by visiting https://ertc-businesspayments.com/apply
ERTC Business Payments
2A Hind Street
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Times of Chennai journalist was involved in the writing and production of this article.