Find out if you qualify for Employee Retention Tax Credits, and how to calculate your maximum rebate, in these new guides from Scott Hall. Or use the free eligibility assessment and done-for-you application service to have your claim completed by ERTC experts.
Did you know that your small to medium-sized business or non-profit may qualify for Employee Retention Tax Credits (ERTC) from the federal government, even if you weren't eligible when the program first launched?
The ERTC was created in 2020 but has gone through several changes that are explained in this new guide launched by Scott Hall. The guide examines how changes to the program impact your business and lists important updates to the eligibility requirements.
Visit https://scotthall.co/what-is-ertc-tax-credit to learn more about changes to the ERTC, and how to claim your rebate.
The new eligibility requirements detailed in the guide allow organizations with up to 500 full-time employees to apply for tax rebates, as well as non-profit organizations, startups, and new businesses founded during the pandemic. The guide also clarifies how you can still be eligible for ERTC rebates, even if you have already received a loan through the Paycheck Protection Program (PPP).
When the ERTC was first launched, employers who received PPP loans were ineligible for rebates, but the guide explains how that changed with the passing of the Consolidated Appropriations Act. Unlike the PPP, the ERTC provides rebates that are not a loan, never need repayment, and have no restrictions on how you spend them.
You can find the qualification requirements for the ERTC program in the new guide, as well as links to a no-cost, no-obligation eligibility assessment. The assessment uses 10 simple questions to help you determine if you qualify for rebates under the most recent guidelines, without requiring any proprietary business information.
A second new guide launched by Scott Hall reveals how you can properly calculate your ERTC rebates, and what factors need to be included. The author examines how the maximum allowable rebates have changed since the program started, and how you can claim up to $26,000 per W-2 employee in rebates.
The second new guide covers which documents are required to complete a rebate application, and includes a link to a done-for-you application service provided by a team of ERTC accounting specialists. The guide also discusses the deadline for ERTC claims and the updated cut-off date for eligible wages.
An excerpt from the guide reads, “It’s not unusual for business owners to be unsure of whether they qualify for the Employee Retention Tax Credit. With all the changes, many businesses don’t know the ERTC benefits. It’s reported that 47% of businesses might take advantage of the tax credit.”
With all the changes made to the ERTC program over the last few years, it's no surprise that so many business owners are unaware they may be eligible for hundreds of thousands of dollars in rebates. It only takes a few minutes to complete a claim with help from an ERTC expert, so what are you waiting for?
Visit https://scotthall.co/how-to-calculate-ertc-correctly to find out how to calculate your rebate, or to take the free eligibility assessment.
