Did you know that your business could be eligible for a tax refund of up to $10,000 per employee for fiscal year 2020? Or, even better, a refund of $7,000 per employee, per quarter, for fiscal year 2021? With everything going on the last few years, it’s no surprise that most people missed this IRS program. But you have limited time to claim your refunds under the ERTC because the first benefits begin to expire this year, 2023. The Employee Retention Tax Credit was created to help businesses impacted by the turmoil of the pandemic years. From supply chain interruptions to mandatory shutdowns to labor shortages, it’s likely that your business suffered to some extent in 2020 and 2021. You may have been eligible to claim a refund for salaried employees, hourly employees, salary paid to owners, health insurance costs, paid vacation and even sick leave.
The reason you probably haven’t heard of the Employee Retention Tax Credit is that, like most government programs, the qualification criteria, application process, and rules are complex and difficult to navigate. Luckily, we can guide you through the process and get back every penny the government owes your business. Find out if you meet one of the many paths to qualify for tens of thousands in refunds before the ERTC expires. It’s your money, why let the government keep it? Call us today.