Small Business Worker Retention Credit History 2021-- ERTC Eligibility Report Launched
ERTC Today, a tax credit consulting firm, has released an online tool to help small business owners determine if they are eligible for the 2021 Employee Retention Tax Credit (ERTC).
The newly launched tool also allows participants to secure consultations to discuss their eligibility for the tax credit and the amount they can expect to receive. The ERTC does not have to be paid back, and any business, with fewer than 500 employees, both non-profits and start-ups, may potentially qualify.
The tool, along with more information about the ERTC, can be found at http://localrecoveryhelp.com
This announcement is to increase awareness of the newly approved tax credit. The IRS initiated it to help small businesses maintain their staff during difficult times.
Many businesses were affected by the pandemic and have had to deal with staff shortages and supply problems, closings and uncertainty. Lawmakers have passed several relief programs over the past 2 years to help business owners and staff cope with these difficulties. The ERTC is one such program, introduced as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act in March 2020.
Businesses may be eligible for relief if they were forced to suspend their normal operations in part or completely in 2020 or 2021 due to a governmental order, if they conducted trade or business during those years, and if their employers were in operation during either qualifying year.
Refunds may range up to $28,000 per employee, regardless of whether the business owner has previously received assistance from the Paycheck Protection Program (PPP). Many businesses had previously chosen the PPP. However, IRS regulations have made it more accessible to all businesses.
ERTC Today is endorsed by GL Digital, a Phoenix-based digital content marketer and enterprise software company dedicated to supporting small businesses. In addition to tax consultation, GL Digital provides many small business other resources, including advice on social media management software, domain name registrars, webinar tools, and video hosting platforms.
Interested parties can find more details at http://localrecoveryhelp.com