Employee Relief Credit Tax Return

EmployeeReliefCreditTax Return

BusinessesGetBackMoneyon

TaxReturnTheEmployee

RetentionCreditprogramhasthen beenextendedandexpandedto offerrelieftobusinessesimpacted bytheCOVID-19pandemicin2020 and2021.

Toexplainfurther,the programprovidesataxcredit toeligiblebusinessesforW2 wagespaidtoemployees duringthattime.

Evenifthebusinesshas alreadyappliedforand receivedtaxreturnforthat periodthebusinessmaystill beeligibletoapply.

Therecentextensionsalso provideeligibilitytomore businessesthatwere previouslyexcluded.

Businessesareencouragedtotake advantageoftheERCprogram,as itcanprovidesignificantrelief duringthesechallengingtimes whichsomebusinessesmaybe experiencingevenafterCovid-19.

Theprogramoffersataxcredit ofupto$7,000peremployee perquarter,withamaximum creditof$28,000peremployee fortheyear.

Tobeeligibleforthecredit, businessesmusthave experiencedasignificantdecline ingrossreceiptsorbeensubject togovernment-mandated shutdownsorreductionsin businessactivity.

BottomLineConceptsoffers arangeofprogramsand resourcestohelpsmall businessesstart,grow,and succeed.

Unlikesomeotherbusiness consultationagency,they wouldfreelyconsultwith businesstodetermineifthey qualifyforERCtaxreturn credit.

Ifabusinessmeetsthe criteriathereisnoadditional paymentuntilafterthe businessreceivesmoney fromthegovernment.