ERTC tax credit | Expanded 941 claim/reimbursement support for small businesses

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The Employee Retention Tax Credit (ERTC) was instituted as part of the CARES Act to incentivize businesses to keep their employees on the payroll during the pandemic. As businesses navigate a period of economic recovery, US Business Recovery Services announced the expansion of its ERTC support services to help businesses that are still eligible to receive their credits.

More details can be found at http://USBusinessRecovery.com

The expansion aims to maximize the tax credit available to businesses that experienced revenue reductions in 2020 during pandemic conditions. Initially, businesses that received a PPP (Paycheck Protection Program) loan were not eligible for ERTC. However, Section 206(c) of the Taxpayer Certainty and Disaster Tax Relief Act of 2020 allows eligible businesses to claim their tax credit.

Surveys show that 43% of businesses temporarily closed within weeks of the start of the pandemic. Many of them were unprepared for the length of the shutdowns. The long-term impacts of economic difficulties persist with the uncertainty of a full recovery.

To mitigate the losses, the government’s stimulus package offered these tax credit opportunities to small businesses that managed to keep their employees on the payroll during a tough time.

US Business Recovery Services helps business owners determine their eligibility for an ERTC payment. Their team of CPAs and tax professionals focuses exclusively on ERTC applications and does not provide preparation, attestation or financial statement services.

The ERTC refundable tax credit can be claimed and used for 2020 and 2021, with separate sets of qualifications. It is also possible for companies to retroactively claim the ERTC funds they were eligible for in 2020.

US Business Recovery Services offers a 15-minute money-back service and does not require applicants to pay a fee upfront. The company has successfully helped local and multi-site businesses and nonprofits recover between $21,000 and $2 million in ERTC payments.

Applicants begin their process by completing a questionnaire and uploading their documentation, including their 941 statements, PPP loan documents and payroll data. US Business Recovery Services calculates the estimated tax credit and helps businesses file their amended 941-X payroll returns. Customers can then expect to receive their payment after the IRS has processed their credit.

Intended to reward companies for helping the economy by retaining their employees, another benefit of the ERTC is that in some cases funds can be accessed as an advance rather than waiting for them to be processed. by the IRS, which is currently experiencing reimbursement delays.

A spokesperson for the company said: ‘By answering a few simple, non-invasive questions, our team of ERTC experts can determine whether companies are eligible for an unconditional tax credit. There are no restrictions on the use of funds by loan recipients. There is no cost or obligation to be pre-qualified.

Interested parties can learn more by visiting http://USBusinessRecovery.com

Contact information:
Name: Herschel Clark
Email: Send Email
Organization: US Business Recovery Services
Address: 4813 Ridge Rd, Douglasville, GA 30134, USA
Phone: +1-678-916-6070
Website: http://usbusinessrecovery.com

Build ID: 89070664

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COMTEX_404275817/2773/2022-03-17T01:05:22


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