The latest launch from Fast Employee Retention Credit offers smaller businesses a simple way to access the sizable federal funding available to them. The company specializes in facilitating swift eligibility assessments and pre-qualification to expedite the refund.
More details can be found at https://fastemployeeretentioncredit.com
The announcement details the recently expanded eligibility criteria for the program. Previously, employers who had taken out PPP loans were unable to apply for the ERTC but this has since changed, meaning more business owners can now take advantage of a non-refundable payout from the IRS on a percentage of employee wages.
The ERTC was rolled out in 2020 as part of the Coronavirus Aid, Relief and Economic Security (C.A.R.E.S) Act. With so much of the country subject to enforced shutdowns, the government injected an unprecedented $2.2 trillion into the economy to help keep millions of workers in employment. The program was originally made available to any business that had suffered a 50% or more decline in gross receipts as a result of the pandemic. This was amended to 20% for 2021.
Fast Employee Retention Credit clients benefit from a swift and streamlined application process. Applicants can fill in a short 15-minute questionnaire to determine their eligibility for a payout. Employers can retroactively claim up to $5,000 per employee for March to December of 2020. Subsequent amendments to the legislation have seen this figure increase to up to $26,000 per employee.
The pre-qualification process from Fast Employee Retention Credit comes with no obligation for clients. The payouts themselves, unlike PPP loans, do not need to be paid back, giving ailing businesses a much-needed financial lifeline.
Clients also benefit from a no-upfront fee policy, with any later charges entirely contingent on the Fast Employee Retention Credit team securing a refund. Once applicants have completed the questionnaire, they can then upload their 941 returns and PPP loan documents via the company’s secure web portal. Additional features of the service include help with amended 941-X payroll returns and full documentation for any future audits from the IRS.
A spokesperson says, “By answering a few, simple, non-invasive questions our team of ERTC experts can determine if you likely qualify for a no-strings-attached tax credit. There is no cost or obligation to be pre-qualified.”
With its latest ERTC service updates, Fast Employee Retention Credit is making claiming federal aid simpler than ever for small businesses across the US.
For more information, please visit https://fastemployeeretentioncredit.com
Fast Employee Retention Credit
2637 E Atlantic Blvd # 1078
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.