Businesses have dealt with reduced revenue, disrupted operations, and widespread layoffs on the heels of the COVID-19 pandemic. That’s why the Employee Retention Credit (ERC) was enacted – to help companies maintain their operations and workforce during an economic crisis. Start an online search to learn more about how the ERC can help your business.
What Is The ERC?
The ERC is designed to help businesses, both large and small, offset the cost of employee wages and benefits. Authorized under the CARES Act, the ERC works by refunding wages paid to employees.1
The ERC is putting substantial amounts of money back into the hands of business owners just like you. Even better, you can easily find out how much money your business can make by doing a quick search online.
How to Submit Your Claim
For those that do the necessary research, the Retention Credit is actually quite easy to claim. The path to a big refund begins by sorting out your eligibility. By exploring the list of ERC requirements online, you can take one step closer to claiming your credit. 2
You can claim the credit on your business’s tax return by submitting the right paperwork with your annual tax return. Begin the process today with an online search to make sure you gather all the important documents you need before tax season arrives.
Unlocking the Potential of the Retention Credit
If you’re hoping to score as much of the ERC’s maximum payout as possible, consider searching online for a financial advisor. A professional business, tax or financial advisor can assist you in determining your eligibility and calculating what you can ultimately receive.
Learn More About the Retention Credit Today
The retention credit sounds too good to be true, but more and more qualified businesses are cashing in every single day. If like most American businesses, you’ve been negatively impacted by poor economic conditions, don’t sleep on this opportunity.
Start a search today to unlock the full potential of the retention credit!
