The ERTC refund is available for any U.S. business with W2 employees.
Thousands of USA Business Owners have no idea that they qualify for huge rebates from Uncle SAM due to the covid-19 mandates that restricted or shut down their business during the 2020 and 2021 business year.
If you’ve paid too much in taxes, you may be entitled to a refund from the government. One type of refund you might be eligible for is an ERTC refund.
The Employee Retention Tax Credit (ERTC) is a tax credit that was created as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act in March 2020. The ERTC is designed to provide financial relief to businesses that have been adversely affected by the COVID-19 pandemic.
If you are an eligible employer, you can claim the ERTC on your federal payroll tax returns. The ERTC can be applied to wages paid between March 13, 2020, and December 31, 2021. The credit amount varies based on several factors, including the size of your business, the number of employees you have, and how much you paid them during the eligible time period.
If you have already claimed the ERTC on your payroll tax returns, you may be entitled to a refund if you paid more in payroll taxes than the amount of the credit. Here are the steps you need to take to claim an ERTC refund:
- We can help you determine if you are eligible for an ERTC refund: To be eligible for an ERTC refund, you must have claimed the ERTC on your payroll tax returns and paid more in payroll taxes than the amount of the credit.
- You must fill out the proper forms and have them filled out properly to avoid rejection. To claim an ERTC refund, we can help you with an Adjusted Employer’s Quarterly Federal Tax Return to Claim your Refund.
- We will ask for and help provide supporting documentation. This may include copies of your original payroll tax returns, documentation showing the amount of wages paid to eligible employees, and other supporting documents.
- Wait for the refund: Once you provide the supporting documentation, you will need to wait for the IRS to process your refund. The processing time can vary based on several factors, including the volume of refund requests the IRS is processing.
In conclusion, if you are an eligible employer who has claimed the ERTC on your payroll tax returns, you may be entitled to a refund if you paid more in payroll taxes than the amount of the credit. By following the steps outlined above, you can file for an ERTC refund and receive the financial relief your business needs during these challenging times.
You might be aware of the Government’s PPP Program where qualifying businesses received Funds to help them retain their employees as a part of the CARES Act.
The program has been expanded and now the more generous ERTC Fund program has been revised so more businesses qualify and can receive potentially up to $26,000 PER W-2 EMPLOYEE.
The time to apply is NOW!
We work with an accounting firm that specializes in assisting businesses with the application process to ensure that they get all the money they qualify for.
For example, did you know that if you provided health care benefits to your employee and their family, that the funds paid out for those benefits also count as wages in the calculations.
That is why our expert accounting team is getting some sizable checks for the businesses that they work with.
Any business owner that has W-2 employees and was affected by Covid-19 probably has a nice government check waiting for them, BUT you have to apply to get it.
Go to the website NOW to apply – you will be glad you did.
https://portal.ertcexpress.com/qualify/ertc-refunds
Feel free to reach out to me if you have any questions and let me know that you applied.
Sincerely,
Rich Abbott
