Get Cares Act Tax Credit’s specialized CPAs help small and medium-sized businesses claim their employee retention tax credit from the IRS. Plus, the company offers a way to get your refund in a fraction of the time it normally takes. Learn more at https://getcaresacttaxcredit.com
Peoria, Ill. – (Newsfile Corp. – Aug. 21, 2022) – The Get Cares Act Tax Credit got its start when founder Amy Blain noticed a growing need to help small businesses get their Cares Tax Credit back Act.
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Blain explained, “Since many businesses that qualified for a PPP loan got one when they became available, they assume they couldn’t take advantage of the employee retention tax credit because originally, they could only ask for one or the other. However, on March 1, 2021, Congress updated the law to allow companies to participate in both PPP and ERTC. But many companies are not aware of this.
The ERTC is not a loan, it is a cash payment that is sent by direct deposit to the company’s bank account. And since it is not a loan, but a credit similar to what individuals received in the form of stimulus checks, it will not have to be repaid and there are no restrictions on how it can be used.
To find out if the business is eligible for an ERTC, owners can fill out a simple form with basic information such as their contact information, W-2 employee count in 2020 and 2021, and whether they were operating under an order. total or partial closure. in their condition during the pandemic. Once in, their representative at the CPA firm that handles ERTC filings will be in touch and request the full documents needed to file the claim. To see if a business qualifies for this employee retention tax credit, visit https://getcaresacttaxcredit.com
There is no charge to find out how much a business is eligible to receive. There is no upfront cost to find out if a business is qualified to receive a tax credit. Funded by the Cares Act, these credits were designed to reward companies that retained their employees during COVID-19. Businesses can receive up to $26,000 each for up to 500 full-time employees and an unlimited number of part-time employees, even if they have already received a PPP loan. The company requires a minimum of 5 W-2 employees per year (2020 & 2021).
Businesses also have the option of receiving their money sooner than the normal 6-12 month time frame that the IRS normally takes to issue tax credits. It reduces the time to less than 6 weeks thanks to a financial partnership developed by the company.
Blain continued, “A restaurant with 224 W-2 employees received a credit of $1,120,000, a hotel with 383 W-2 employees received a tax credit of $620,416.97, and a church with 30 employees. W-2 received a tax credit of $30,782.22. Business people also have the opportunity to recommend other businesses and earn a commission for doing so,” she continued. If you are interested, potential referrers can request more information at https://getcaresacttaxcredit.com/refer-your-clients-to-us
Name: Amy Blain
E-mail: [email protected]
Organization: Get Cares Act Tax Credit
Address: 2601 W Lake Ave. Ste A6 #105, Peoria, Illinois 61615, USA
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/134421