The launch of this new professional accounting service empowers American businesses to benefit from the CARES Act that was passed by the government in early 2020. This act provides eligibility for a credit equal to 50% of qualified wages and health plan expenses paid after March 12th 2020 and before January 1st 2021.
More information on this service can be found at https://ertcexpert.us
With the creation of this government refund consultancy service, ERTC Expert is helping to raise awareness of financial aid that many companies were not aware of. By following a process that takes less than 15 minutes to complete, applicants can receive as much as $26,000 per w-2 employee. The company is keen to stress that this is not a loan and there is no repayment that has to be made afterwards.
It’s clear that there is little widespread awareness of the ERTC rebate scheme amongst the US business population. According to statistics published by the NFIB, only 8% of American business owners availed of the ERTC in 2020. As eligible employers are entitled to a credit which is equivalent to 70% of qualifying wages per quarter, up to $7000 per quarter can be claimed. The Biden administration has strongly all eligible organisations to claim the tax break.
The claim process starts with the completion of 10 questions on the company website. The next step is then for applicants to upload various pieces of documentation, including 941 returns, PPP loan documents, and raw payroll data. ERTC Expert uses this information to calculate the credit an applicant can receive from the IRS. After this, the company helps applicants to prepare and file the 941-X amended payroll returns. Finally, the IRS processes the credit request and sends a check to the applicant.
There is no upfront fee associated with submitting an application, with all fees being dependent upon securing a refund from the IRS. Businesses can avail of an obligation-free pre-qualification process to determine if it’s worth submitting an application.
Based in Marshfield, Missouri, ERTC Expert has secured more than $1,000,000 in credits for some eligible businesses.
Interested parties can learn more about this process by visiting https://ertcexpert.us
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Sahyadri Times journalist was involved in the writing and production of this article.