Small Company Worker Retention Credit History 2021-- ERTC Eligibility Record 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 latest announcement is intended to raise awareness about the recently approved tax credit. It was initiated by the IRS to assist small businesses in maintaining their staff during these challenging times, via payroll cost refunds.
During the pandemic, many businesses have struggled with staff and supply shortages, closures, and ongoing uncertainty. Over the past two years, lawmakers have created several relief programs to assist business owners and employees in these difficult times. One such program is the ERTC, which was introduced in March 2020 as part of Coronavirus Aid, Relief and Economic Security Act (CARES Act).
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. GL Digital offers small business resources such as tax consultation and advice on domain names, social media management software, webinar tools and video hosting platforms.
Interested parties can find more details at http://localrecoveryhelp.com