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Local Business Employee Retention Debt 2021-- ERTC Qualification Report Launched

Jun 1

ERTC Today is a tax credit consulting company that has created an online tool to assist small business owners in determining if they are eligible for 2021 Employee Retention Tax Credit.

Participants can also use the newly launched tool to get consultations about their eligibility for the tax credit, and what amount they can expect. The ERTC doesn't have to be repaid. Any business with fewer 500 employees (both non-profits as well as start-ups) may qualify.

The tool, along with more information about the ERTC, can be found at http://localrecoveryhelp.com

This announcement is to increase awareness of the newly approved tax credit. The IRS initiated it to help small businesses maintain their staff during difficult times.

During the pandemic, many businesses have struggled with staff and supply shortages, closures, and ongoing uncertainty. Lawmakers have passed several relief programs over the past 2 years to help business owners and staff cope with these difficulties. One such program is the ERTC, which was introduced in March 2020 as part of Coronavirus Aid, Relief and Economic Security Act (CARES Act).

Businesses may be eligible for relief if they were forced to suspend their normal operations in part or completely in 2020 or 2021 due to a governmental order, if they conducted trade or business during those years, and if their employers were in operation during either qualifying year.

No matter if the business owner received assistance through the Paycheck Protection Program (PPP), refunds can be up to $28,000 per employee. Before March 2021, many businesses chose the PPP, but since IRS regulations have changed many more businesses are eligible for both relief programs.

ERTC Today is endorsed by GL Digital, a Phoenix-based digital content marketer and enterprise software company dedicated to supporting small businesses. In addition to tax consultation, GL Digital provides many small business other resources, including advice on social media management software, domain name registrars, webinar tools, and video hosting platforms.

Interested parties can find more details at http://localrecoveryhelp.com