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The business consulting firm, based in Houston, Texas, has announced an updated line of services for local businesses looking to tackle the effects of the current economic turmoil. They can now make use of the opportunity to get the government aid they are legally owed with professional assistance from the team.More information is available at https://beyondclearing.com
With the expanded solution, Houston Consulting seeks to help employers obtain financial business funds under the Employee Retention Credit (ERC) program for 2020/2021. The consultancy aims to enable local businesses to keep their operations running during these challenging times, pay their employees, and keep providing services to their communities.
The ERC is a business relief mechanism available under the Coronavirus Aid, Relief, and Economic Security (CARES) Act. It has been designed to stimulate businesses to keep their workforce on the payroll even for the time they were not working during the pandemic.
The money is disbursed in the form of a refundable tax credit equaling 50% of an employee salary of up to $10,000 for the tax year 2020, which translates into a maximum amount of $5,000 per employee for the entire year. For the tax year 2021, the ERC was lifted to 70% of qualified wages a business paid per worker for each quarter, meaning that an eligible applicant can claim a total of $21,000 per employee for the full tax period.
Any business with a workforce of 5 or more employees may be eligible to take advantage of the government measure, including companies that initially obtained loans under the Paycheck Protection Program (PPP).
Restaurants, gyms, mechanic shops, contractors, and hair salons operating in and around Houston can now contact the consultancy to prepare all the paperwork needed to get the lifeline. The team of accounting professionals has the knowledge and experience to assess a company’s eligibility, make requisite calculations, and ensure all information is filed in line with government recommendations and requirements.
A satisfied customer said: “They know the laws and rules of the refunding that we received, I didn’t know anything about these before talking to a friend that referred me. To date, we have received about $80,000, with more coming.”
For additional details about the service, visit https://www.facebook.com/672988904/videos/4641717475881364
Release ID: 89058302