The RRF has been voted down, but restaurant owners can still access relief funds with the ERTC. Claim ERTC Online makes it easy, with a 15 Minute Refund program.
I was going to start this blog off with a fun anecdote about a customer's order at my restaurant last week, and how we handled it.
He requested minced pork shoulder and ham, pressed into a block, and served in a can.
Unfortunately, the spam filter keeps removing the rest.
In less humorous news, this has been a big week for American restaurant owners, with bad news coming down from the Senate - but there is still one way that you can receive the relief funds your restaurant needs.
This week the Restaurant Revitalization Fund (RRF) was voted on in the Senate and came in 8 votes shy, causing many experts to suggest this may be the end of the RRF. However, you can still access up to $26,000 per employee in pandemic relief funds, with the tax rebate application from Claim ERTC Online.
Visit https://claimertconline.com to take a free eligibility test, and claim your rebate.
Though the RRF was planned to fund up to 265,000 restaurants and bars as of last summer, up to two-thirds of applicants were denied when the program was found to not have enough funding. In comparison, the Employee Retention Tax Credit (ERTC) has become the largest relief fund in American history, after going through several amendments that have expanded the eligibility.
You can find out if you are eligible by taking a no-cost, no-obligation assessment on the Claim ERTC Online website, which takes approximately one minute to complete. Eligible employers will then receive a link to a secure server where you can complete your application if you wish to apply for a rebate.
Claim ERTC Online has partnered with a team of specialist CPAs to offer a 15 Minute Refund program that is not available elsewhere. This program guarantees small business owners the maximum allowable rebate and includes audit-proof documentation with every claim.
Businesses that have already enrolled in the Paycheck Protection Program (PPP) are also now eligible for ERTC rebates, as well as non-profit organizations, startups, and new businesses. While the PPP provided small loans, ERTC tax credits are a one-time rebate that does not need to be repaid and includes no restrictions on how it can be spent.
To qualify for a rebate, you must have seen significant declines in your revenue compared to the same fiscal quarter of the previous year, or suffered temporary or partial closures due to government orders, such as a lockdown. For restaurant owners, this can also include operating at a limited capacity, such as only being able to offer delivery or curbside pickup.
Recent satisfied clients of the 15 Minute Refund program include a Florida-based restaurant ownership group that received $1,120,000 for a claim covering 224 W-2 employees. They have also helped a Texas restaurant with 80 W-2 employees to claim $400,000.
Though the RRF may not have been the relief program we all hoped for, there is still the ERTC, and it's not too late to claim your tax credits. There's no cost to take the eligibility test, and you could be eligible for hundreds of thousands of dollars.
Visit https://claimertconline.com to learn more about the 15 Minute Refund program, or to take the free eligibility test.