ERTC Express is helping small and mid-sized businesses impacted by the pandemic to claim relief funds offered by the IRS under the Employee Retention Tax Credit through their updated calculator, eligibility assessment, and filing services.
As more businesses rush to claim their Employee Retention Credit, ERTC Express continues to update its services to better serve SMBs who may be eligible for tax credits for every W-2 employee retained in 2020 and 2021.
More information is available at http://ercrefundsuccess.com
ERTC Express specializes in working with business owners who may need to be made aware of their ERC eligibility. Through a newly updated QuickEstimate Calculator, ERTC Express can help business owners pre-qualify for their tax credits and calculate their total claims in about four minutes.
When the CARES Act was signed into law on March 27, 2020, it created two programs to encourage business owners to keep their employees on their payrolls: the Payroll Protection Plan and the Employee Retention Tax Credit. ERTC Express aims to democratize access to ERTC funds by simplifying the claims process.
The ERTC CPA firm explains that when PPP and ERC were first launched, they were mutually exclusive, meaning businesses that received PPP loans were ineligible for the tax credit. However, since it made funding more immediately available, most businesses chose to apply for PPP loans, and the funds set aside for the ERTC went largely unclaimed.
ERTC Express provides several critical ERC services, including an eligibility assessment, 941 payroll returns preparation, and filing support. However, the firm notes that many business owners are unaware of these changes, which include making companies that received PPP loans eligible to claim up to $26,000 in tax credits for each employee retained during each quarter of 2020.
“The ERTC tax incentive is heavily underutilized due to misconceptions about eligibility,” says a spokesperson for the firm. “Any US business with 3-500 W-2 employees affected by the pandemic is probably eligible and can probably receive up to $26,000 per employee.”
ERTC Express uses its updated QuickEstimate calculator to help clients determine how much funding they may be eligible for and then processes their claims and ensures their compliance with the ERTC program’s requirements. Each claim is examined by three separate teams of CPAs working for the firm to verify and ensure that a client’s claim is defensible.
More information about the ERTC program, including eligibility and filing requirements, can be found at http://ercrefundsuccess.com