ERTC Program Eligibility Changes For 2021/2022 - Does Your Business Qualify?

ERTC Program Eligibility Changes For 2021/2022 - Does Your Business Qualify?

The Employee Retention Tax Credit has gone through several changes since it was first announced, including the duration of the program and the eligibility requirements. In the new video from Scott Hall, you can find information about how you can file for the ERTC program for 2020 and 2021, even if you previously applied for and received assistance under the Paycheck Protection Program for those years.

The ERTC program ended in September 2021, but your business can still apply for compensation if it was eligible at the time. The Employee Retention Tax Credit program assisted business owners and their employees by providing an incentive to keep workers on the payroll.

When the ERTC program was originally launched in 2020, employers had the option to receive assistance either through ERTC or PPP, but not both. The changes to eligibility requirements have opened up the program to a wide range of businesses that were previously disqualified, and the benefits can now be claimed by startups, non-profits, and most businesses with less than 500 employees.

Unlike the Paycheck Protection Program, the Employee Retention Tax Credit program is a one-time credit that does not need to be paid back. You can learn more about the program or receive assistance in filing by visiting Scott Hall's website through the link in the video.

It's never been easier to qualify for tens or even hundreds of thousands of dollars in tax credits - and with the help of accountants that specialize in the ERTC program, you barely have to do anything at all. Completing a 60 second quiz on the Scott Hall website will help you determine how much you can claim.

Watch the full video at https://youtu.be/DLlFF5 xAIrg