If you have any w2 employees, the US government has another cash giveaway that might mean a nice cash influx for your business. The process to see if your business qualifies is actually simple (you merely fill out the form with some non-proprietary info) and you can get a no-obligation quote on how much Uncle Sam owes you!
Fill out the form in as little time as possible. One of our CPAs will contact you within a few days with details about what you have right to.
Your banker, CPA, or Financial Advisor was probably very helpful when it came to getting your PPP funds because they were effectively signing you to an SBA-guaranteed loan. Based on their PPP loans, the SBA paid administrative fees to banks. They were therefore incented to help you learn about the program and make sure all paperwork was in order.
Compared to the ERTC, the PPP program was also a rather simple calculation. 2 1/2 times your average monthly payroll including health insurance and state unemployment taxes.
ERTC credits do not allow for deferral. They are dollar-for-dollar credits against wages you’ve paid. These are not taxes that you have paid, but actual wages.
These credits can be used to offset future tax payments or you can get a refund check. It’s up to you.
These funds will not be repaid unless you provide sufficient documentation during an audit.
To get more information about ERTC go the best web portal