The newly announced services center on pre-qualification services, which are designed to help businesses determine if they satisfy the requirements of the Coronavirus Aid, Relief, and Economic Security (CARES) Act.
More details can be found at https://ertctaxcredit2022.com
Under the Act, $367 billion was made available for small businesses who maintained staffing levels during the pandemic. Many eligible businesses have not claimed the tax credits available to them, and the latest services from ERTCTaxCredit2022 will make it easier for business owners to determine if they are eligible.
Some confusion remains about how the employee retention tax credits are applied. Introduced at the same time as the Paycheck Protection Program, many employers believe the provisions of the CARES Act are a loan that must be repaid.
While the Paycheck Protection Program was a loan, the tax credits offered under the CARES Act are not a loan and no repayment is required. As ERTCTaxCredit2022 now explains, many businesses have not claimed the credits available to them because of this misunderstanding. The complimentary new pre-qualification services will help businesses understand if they fall into that category.
The company’s website now also provides some guidelines as to which businesses may qualify. It explains that those companies with at least five W-2 full or part-time employees as of March 2020 may be eligible. Credits of up to $26,000 per W-2 employee may be available, representing a significant sum for businesses that are struggling as a result of the pandemic.
ERTCTaxCredit2022 is an accounting firm that was established to exclusively handle ERTC claims and inquiries. Its CPAs work to maximize the refundable tax credits that clients can claim while ensuring that they are fully compliant with future audit requirements.
A company representative recently stated: “The government has authorized unprecedented stimulus, and yet billions of dollars will go unclaimed. By answering a few simple, non-invasive questions, our team of ERTC experts can determine if you are likely to qualify for a no-strings-attached tax credit. There is no cost or obligation to be pre-qualified.”
Interested parties can learn more by visiting https://ertctaxcredit2022.com
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