BusinessesThatReceivedPPPMayAlsoBeEntitled toERCandClaimItRetroactively
WiththeEmployeeRetentionTaxCreditProgramthe federalgovernmentisrewardingemployersforhaving retainedtheirW-2employeesduringadifficulttimein thepandemic.
Thesespecialistsreportthatsmalland mediumsizedbusinesseswith5to500 employeesaffectedbythepandemicmaybe eligibletoreceiverefundsintheformoftax credits
ofupto$26,000perW-2employee,evenif thebusinessreceivedPPPfunding previously.HoweverERTCwillonlyapplyto wagesnotusedforthePaycheckProtection Program.
Manybusinessownersdonotrealizethatthey arenoweligiblefortheERCevenifthey receivedPPPfunds.BottomLineConcepts hassecuredrefundsforitsclientsranging from
$100Kto$40Mandassistedover20,000 businessesnavigatethecomplex EmployeeRetentionTaxCreditprocess andapplyforover$3.5Billiondollarsin refunds.
IfyouarenotreceivingERC,we wouldwelcometheopportunityto discussyoureligibility requirementsandhowtostartthe program.Wewillmanageitfrom endtoendforyou.
Wecanhelpyouthroughthemyriadofcomplexities thatmaypertaintoyourcompany'suniquesituation andgetyouupandrunningwithfundsinthebank accountfairlyquickly.