-- When the Employee Retention Tax Credit (ERTC) program launched in 2020, it was easy to understand and simple to apply. Then, the program went through several amendments, with each adding benefits, but also making the program more complex. The new 15 Minute Refund program launched by ERTC expert Scott Duncan and ERTC Valet makes the application process simple for employers while maximizing their tax credits.
To learn more about the 15 Minute Refund program, please visit https://ertcvalet.com
While most employers are aware of the ERTC program, many are not aware of the amendments that have made the program so beneficial, and expanded the eligibility. The new 15 Minute Refund program connects employers with ERTC specialist CPAs that can complete all the paperwork, and provide them with audit-proof documentation.
Some of the most important and least well-known amendments happened when the Consolidated Appropriations Act was passed. The Act expanded the eligibility by allowing employers to claim ERTC rebates even if they had already received a loan through the Paycheck Protection Program (PPP). Unlike the PPP, ERTC rebates are a one-time payout instead of a loan, and they do not need to be repaid.
Companies with up to 500 full-time employees on average became eligible for rebates, and the total amount employers could claim was increased from $5,000 to $7,000 per employee, per quarter. Using the 15 Minute Refund program, employers who kept staff members on the payroll throughout the pandemic may claim up to $26,000 per employee.
The same Act also decreased the amount of financial losses required to qualify for a rebate. To qualify under the new rules, a company must be able to show gross receipts have declined by at least 20% compared to the same fiscal quarter of the previous year. They may also be eligible if they had to close due to government orders, such as a lockdown, or had to operate at a reduced capacity.
Employers can determine if they qualify under the latest eligibility requirements by completing a 10-question eligibility assessment on the ERTC Valet website. There is no cost or obligation when completing the assessment, and it requires no proprietary business information.
The 15 Minute Refund program is open to all employers, including non-profits, startups, and new businesses. There is no cost to any company that does not qualify and receive a rebate.
For more information about ERTC rebates, please visit https://ertcvalet.com
Contact Info:
Name: Scott Duncan
Email: Send Email
Organization: ERTC Valet
Address: 1000 Valley View Drive, Redwood Valley, CA 95470, United States
Phone: +1-707-391-3312
Website: https://ertcvalet.com/
Release ID: 89076490