Easy ERTC Application: How Salons & Restaurants Can Claim Employee Tax Credits For 2020 & 2021

Page 1

ERTCApplication:Salons&RestaurantsCanReceiveTaxCreditsFor2020&2021

Aftertwoyearsofthepandemic, businessownersneedabreak. Luckily,theERTCprogramoffers justthat!Evenbetter,YourERTC Solutioncanhelpyoutake advantageofit. Thecompanywillprocessyour applicationtotheERTCprogram, whichgrantsentrepreneurstaxcredits fornotlayingoffemployeesduringthe pandemic.Youcanreceiveasmuchas $26,000perW-2-employeeforthe years2020and2021.

Thisserviceisespecially helpfulifyouownasmallor medium-sizedbusiness,such asarestaurant,salon,building contractor,andthelike. SincetheERTCbenefitsare givenastaxcredits,you havenoobligationtopay themback,unlikePPP loans.

TheERTCprogramwasestablishedbythe2020 CARESAct,whichwaspassedduringtheheightofthepandemictohelpkeepbusinessesafloat.  Itcoversallretainedfullandpart-timeworkersfrom March2020through September2021.

Youcanretroactivelyclaim taxcreditsfortheabovementioneddates,butyouare likelyunfamiliarwiththe process. Assuch,YourERTC Solutionsprovidesa streamlinedwayof applyingforthisprogram.

ToapplyforERTCbenefits,you simplyneedtouploadafew documentstothesecureportal. Firstweverifyyourbusinessis qualified,thenwecancalculatethe maximumtaxcredityoucan receive. Afterthisstep,yourForm941 mustbeamendedtoreflectthe taxcredit.Oncetheapplicationis approved,theIRSwillsimply mailyouacheckforthe calculatedbenefit.

Learnmorebyvisiting https:// yourERTCsolution.com

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.