The ERTC is a refundable credit that companies can request on qualifying salaries, including certain health insurance costs, paid to employees. Finally, the ERC Assistant team can deliver ready-to-file documents to the IRS without involving your payroll company. Eligible businesses that experienced a decline in their gross revenues or that closed due to a government order and didn't apply for the credit when they filed their original return can take advantage of it by filing adjusted payroll tax returns. Basically, all companies qualify for the ERC, unlike PPP loans, since there is no need to demonstrate a decrease in revenues, but if there is a decrease, the grant is automatic.
The federal government established the Employee Retention Credit (ERC) to provide a refundable payroll tax credit to help companies cover the cost of keeping staff employed. The Employee Retention Credit (ERC) was authorized under the CARES Act and encourages companies to keep employees on the payroll. ERC Today is an employee retention credit service that helps companies assess their eligibility, complete a thorough analysis of their applications, provides guidance on the application process and documentation, provides specific experience in programs that a regular CPA or payroll processor might not know well, and executes a quick and simple process from start to finish, from eligibility to applying and receiving refunds. To apply for credit for previous quarters, employers must file Form 941-X, Employer's Adjusted Quarterly Federal Tax Return or Request for Refund, for the applicable quarters in which qualifying wages were paid.
They will guide you and explain the steps you should take to maximize the claim for your company and will answer any questions you may have about the ERC. You can also apply for the ERC for previous quarters by filling out the applicable adjusted payroll tax return within the appropriate deadlines. Eligible employers can still apply for the ERC for previous quarters by filing the appropriate adjusted employment tax return within the deadline set out in the instructions on the corresponding form. ERC Today has benefited companies of all sizes thanks to its expert services, free consultations, 100% compliance with the IRS, minimal initial costs and extremely high success rates.
ERC Assistant also has a secure customer portal that protects sensitive information to protect you from fraud by ERC or other malicious people. With ERC Assistant experts by your side, you don't have to worry about navigating on your own. Companies that qualify for the ERTC but wish to receive their reward in less than six months or one year can apply for a business loan as a form of an advance from the ERC. To be eligible for the ERC credit, employers must have experienced an interruption in business operations or a decrease in gross income.