How Can Your Business Benefit From the ERC Tax Credit?
ERTC Benefits Group specializes in helping businesses navigate the Employee Retention Credit (ERC) program. This program supports businesses impacted by COVID-19 through government shutdown orders or significant revenue drops. The process involves uploading financial documents, amending returns, and receiving a direct IRS payment. Businesses with increased revenues during the pandemic may still qualify if affected by government orders.
Additionally, businesses that received PPP loans can also qualify for the ERC, provided they don’t double-count wages for both programs. The ERC refund is not a loan or future tax credit, and there are no restrictions on how to spend it. The refund is also not considered taxable income but may affect taxable income by reducing wage deduction amounts. ERTC Benefits Group charges a fee only after the refund is received, varying from 10% to 20% of the refund. They also offer 5-year audit protection.
Their fee is contingent on successful refund recovery, emphasizing a results-driven approach. For detailed information, visit their website at ERTC Benefits Group.
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