Get Up To $26,000 Per Employee In Tax Rebates: Claim Funding With CPA Help

Get Up To $26,000 Per Employee In Tax Rebates: Claim Funding With CPA Help

When the pandemic struck in early 2020, the CARES Act introduced two new relief programs for small business owners, the Paycheck Protection Program (PPP) and the Employee Retention Tax Credit (ERTC).

The PPP received a lot of attention, and the ERTC program went mostly unnoticed, though now it's the largest relief program even in the USA. Even though the ERTC program has ended, you can still claim your tax credits using the 15 Minute Refund program from ERTC Division.

While the PPP offered you a loan to help keep your business operating through the pandemic, the ERTC program took a different approach, offering tax credits that do not need to be repaid. The amount your business can claim using the new 15 Minute Refund program will depend on several factors but could be up to $26,000 per employee.

For wages paid in 2020, you can claim up to $5,000 per employee, though that amount was increased by 2021, with the passing of the Consolidated Appropriations Act. For 2021 you can claim up to $7,000 per employee, per quarter.

One of the most common misconceptions about the ERTC program is that you can only qualify for rebates if you did not already receive a loan through the PPP. While this was true at one point, there have been several amendments to the ERTC since then, including an expansion of the eligibility requirements to allow employers to qualify regardless of whether they have received a PPP loan.

The amendments have also expanded the program to include businesses with up to 500 full-time staff on average, removing the original cap of 100 employees.

Non-profit organizations and startups are also eligible for rebates, as long as they have at least 2 W-2 employees. Take the free, no-obligation eligibility assessment today to find out if you qualify. It only takes a minute, and asks for no proprietary business information.

Find Out More At https://www.ERTCDivi sion.com