Local Business Employee Retention Credit Report 2021-- ERTC Qualification Report Launched
ERTC Today is a tax credit consulting company that has created an online tool to assist small business owners in determining if they are eligible for 2021 Employee Retention Tax Credit.
The newly launched tool also allows participants to secure consultations to discuss their eligibility for the tax credit and the amount they can expect to receive. The ERTC does not have to be paid back, and any business, with fewer than 500 employees, both non-profits and start-ups, may potentially qualify.
The tool, along with more information about the ERTC, can be found at http://localrecoveryhelp.com
This latest announcement is intended to raise awareness about the recently approved tax credit. The IRS initiated it to help small businesses maintain their staff during difficult times.
Many businesses were affected by the pandemic and have had to deal with staff shortages and supply problems, closings and uncertainty. Lawmakers have passed several relief programs over the past 2 years to help business owners and staff cope with these difficulties. The ERTC is one such program, introduced as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act in March 2020.
Businesses could be eligible for relief if they had to suspend or complete their normal operations in 2020 or 2021 because of a government order. This applies if they engaged in trade or business during these years and their employers were operating during the qualifying year.
No matter if the business owner received assistance through the Paycheck Protection Program (PPP), refunds can be up to $28,000 per employee. Before March 2021, many businesses chose the PPP, but since IRS regulations have changed many more businesses are eligible for both relief programs.
ERTC Today is endorsed by GL Digital, a Phoenix-based digital content marketer and enterprise software company dedicated to supporting small businesses. In addition to tax consultation, GL Digital provides many small business other resources, including advice on social media management software, domain name registrars, webinar tools, and video hosting platforms.
Interested parties can find more details at http://localrecoveryhelp.com