–News Direct–
Rooled, a provider of outsourced accounting and tax preparation services, announces its tax experts are now available to help small businesses maximize savings ahead of the upcoming tax season. With the complexities of small business taxes, it's never too early to start preparing to file, yet often, business owners not only lack awareness of available credits but also the time to navigate eligibility and requirements to claim them. Rooled can streamline the process for available tax credits, including previously unclaimed opportunities such as the Employee Retention Credit.
The Employee Retention Credit (ERC) was designed to help businesses affected by the COVID-19 pandemic by providing a substantial tax credit based on a percentage of qualified wages paid to employees. The credit is available to eligible employers who retained employees and paid them wages during the pandemic. The ERC was enacted as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) in March 2020.
Bryce Allen, the Director of Tax at Rooled, states, "The ERC is a prime example of a tax credit many small businesses may not realize they are eligible for, and as a result, have left a substantial amount of money on the table. The ERC is equal to 50% of qualified wages paid by the employer, up to $10,000 per employee. Of course, there have been adjustments since its inception. However, the credit is still available for 2023 filings, and our tax experts can help clients navigate the process for the ERC as well as other valuable credits with confidence."
Outsourcing tax prep means leveraging the expertise of skilled professionals to streamline the process of tax planning, filing, and compliance. Whether it's tax returns, tax planning strategies, state and federal tax compliance, or identifying tax credits and benefits, Rooled offers comprehensive solutions tailored to the needs of small businesses.
By outsourcing, small businesses can unlock scalability and cost-effectiveness by tapping into specialized tax knowledge without the overhead costs of an internal team. By leveraging innovative tools for real-time data synchronization, digital document management, and data analytics, Rooled provides clients with a comprehensive view of their financial landscape and can optimize their tax strategy more efficiently.
For small businesses interested in this opportunity, Rooled is offering a free 1-hour consultation. To schedule, visit www.rooled.com.
Rooled combines decades of experience with best-of-breed technologies to make its clients' finances easier to manage, easier to coordinate, and easier to advance. Whether a small business just starting out, a rapidly growing company, or an established enterprise seeking new efficiencies, the company's dedicated team provides tailored solutions and unparalleled support so clients can take their business to the next level with ease. Rooled partners with clients to understand their business and implement customized solutions. The team at Rooled believes that by getting to know clients on a personal level, they can better understand their unique needs and provide customized solutions that truly meet their goals.
Contact Details
Rooled
Madison Baber
+1 210-213-2426
View source version on newsdirect.com: https://newsdirect.com/news/rooled-helps-small-businesses-get-money-back-on-2023-tax-filings-162477058
Rooled
COMTEX_445200496/2655/2023-12-19T15:07:15
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.
