-- Employers can still access funds through the Employee Retention Tax Credit (ERTC) program in 2023 and 2024, though the program has gone through several rounds of changes since it was first introduced. This new guide from the specialists at ERTC Guy explains all the changes, how they may affect new claims, and how employers can maximize their rebates.
More information about changes to the eligibility requirements, maximum allowable rebates, and application process can be found in the full report at https://ertcguy.com/employee-retention-tax-credit-updates/
First launched in 2020, the ERTC program provides one-time relief funds to business owners who kept employees on the payroll during the recent pandemic. This recently published guide can help employers claim up to $26,000 per employee, with no upper limit on funding, no repayment, and no restrictions on how they can spend the rebate.
While the ERTC program was initially intended as a relief option for certain small businesses, it has since grown into the largest relief program ever offered in the USA. The report explains how the eligibility requirements have changed, and details how business owners can still claim these refunds, even if they have already enrolled in or received funds through the Paycheck Protection Program (PPP).
To qualify for these rebates, employers must have had fewer than 500 W-2 employees on the payroll during the pandemic, and have had their business affected by it in some ways. Employers can find a comprehensive list of scenarios that may allow them to qualify, such as closing the business temporarily due to government-ordered lockdowns, on the ERTC Guy website.
Business owners can also use a simple eligibility assessment and rebate estimation tool on the ERTC Guy website to determine if they qualify for ERTC refunds, and how much they may be able to claim. This assessment asks only 10 simple questions, requires no proprietary business information, and includes all of the most recent updates to the eligibility requirements.
Eligible employers can follow the guidelines in the ERTC Guy report, or use a professional service included in the assessment, to complete their rebate claims before the deadline. This application program and assessment is open to all businesses, including startups, non-profit organizations, and new businesses founded during the pandemic.
More information about ERTC rebates, eligibility requirements, and instructions for claiming the maximum allowable refund can be found at https://ertcguy.com/employee-retention-tax-credit-updates/
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Name: Scott Hall
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Organization: ERTC Guy
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