Free CARES Act Tax Credit Eligibility Test 2022: Claim Maximum ERTC Rebate

Free CARES Act Tax Credit Eligibility Test 2022: Claim Maximum ERTC Rebate

After the CARES Act of 2020 was passed, creating the Employee Retention Tax Credit (ERTC) and Paycheck Protection Program (PPP), employers were given the option to enroll in one of the two programs, but not both. This new report from Scott Hall explains why you are now eligible for both programs, and how you can apply for your tax rebates.

The guide reveals how the pandemic relief fund programs have changed since they were first created, including increases to the total amount you can claim in rebates, and expanded eligibility requirements.  Employers with up to 500 full- time staff on average are now eligible, as well as companies that have already received a PPP loan.

While the PPP placed restrictions on how you could spend your loans, the ERTC does not. ERTC tax credits are a one- time payout with no restrictions, and no need to be repaid.

You can find detailed information in the guide about calculating your rebate, including the types of organizations that are eligible, and the maximum amount allowed per employee, per quarter.  These limits were increased in 2021, with the passing of the Consolidated Appropriations Act, allowing many businesses to claim up to $26,000 per employee.

It is also possible to determine your eligibility using a free, no- obligation assessment tool available on Scott Hall’s website.  The assessment can be completed in approximately one minute and requires no proprietary business information.

Claim your rebate - visit https://scotthall.co/what-is- ertc-tax-credit