The fast rebate service launched by Decatur Digital Media helps businesses make the most of the ERTC, one of the federal government’s pandemic relief programs. While some of them were heavily used, others have been largely forgotten. The Employee Retention Tax Credit (ERTC) program still has billions of dollars in unclaimed tax credits.
For more information about claiming pandemic relief funds in 2022, please visit https://ertcinfonow.com
The new fast rebate service, known as the 15 Minute Refund program, is available from a group of CPAs that is focused solely on helping employers to claim their ERTC rebates. It can help employers to claim their maximum allowable rebate, which can be up to $26,000 per employee, even if they have already received PPP loans.
The ERTC still has so much funding left unclaimed because when the program was introduced, employers could claim tax credits or PPP loans, but not both. The Consolidated Appropriations Act, passed later that year, eliminated that requirement, allowing small and medium-sized businesses to receive benefits from both programs.
Unlike the loans provided by the PPP, ERTC tax rebates are a refund on taxes already paid by small businesses. They are not a loan, never need to be repaid, and have no restrictions on how they can be spent.
The ERTC program, and the new 15 Minute Refund program, are open to all small and medium-sized businesses with between 5 and 500 W-2 employees. It is also available for startups and non-profit organizations, including churches, schools, and clinics.
To qualify for tax credits, companies must have been affected by the pandemic either financially, through lockdowns, or by operating with a reduced capacity. Employers can determine if they are eligible by completing a no-cost, no-obligation, brief 10-question assessment.
New businesses that were founded during the pandemic can also qualify for rebates, though they have different requirements. To be eligible as a Recovery Startup Business, companies must have been founded after February 15th, have at least one employee who is not a family member or 50% owner, and gross receipts of less than $1 million.
For more information about the 15 Minute Refund program, or to use the no-cost eligibility assessment, please visit https://ertcinfonow.com
Decatur Digital Media
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Ahmedabad Local journalist was involved in the writing and production of this article.