The new eligibility assessment and application solution from ERC Tax Group enables small and medium-sized businesses affected by the recent pandemic to unlock the financial benefits available to them under the employee retention tax credit.
More details can be found at https://erctaxgroup.com
The firm explains that with just 15 minutes of commitment or less, US employers can determine if they qualify for a rebate and apply to access the tax credits owed them under the pandemic relief fund. Any employer with between 5 and 500 W2 employees who suffered business disruptions or a decline in gross receipts may be eligible.
Though established in 2021 under the CARES Act, the program has been expanded under subsequent legislation to ease pandemic-induced financial hardships for businesses. These changes have made it possible for more companies, even those that received Paycheck Protection Program loans, to claim the ERTC.
Businesses stand to recover up to $26,000 per W-2 employee in tax benefits, with many small businesses receiving an average of $150,000 and some receiving over $2 million. The rebate under the ERTC program is not a loan but a non-refundable one-time reimbursement with no restrictions on how the fund could be spent.
However, ERC Tax Group notes that the program continues to be underutilized because of the complexities of the application process and eligibility criteria. The team now offers a hands-off approach that simplifies the entire procedure, from identifying eligible wages to handling the application on behalf of clients.
“The process can indeed be very confusing, particularly with the complexity of tax codes and qualifications,” says a company representative. “But we specialize exclusively in ERTCs. So, we will guide you through the system, ensuring you maximize your claim.”
ERC Tax Group’s services extend beyond the application process. The group also helps prepare audit-proof documentation, making it easier for businesses to pass any potential IRS audit successfully. All of ERC Tax Group’s services are on a contingency fee basis, meaning clients do not pay anything unless their application is successful.
Interested parties can learn more about ERC Tax Group and how to check if they qualify by visiting https://erctaxgroup.com
ERC Tax Group
14455 Webb Chapel Rd
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.