Employee Retention Credit Claim Calculation & Eligibility | Tax Credit CPAs 2022

Employee Retention Credit Claim Calculation & Eligibility | Tax Credit CPAs 2022, updated 6/28/22, 8:01 AM

Did you know you can claim ERTC rebates even if you've already received PPP loans? Find out how, and how much you can claim, with a little help from Riverline Tax Solutions. Visit https://riverlinetax.com to talk to a tax credit professional.

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Employee Retention Credit Claim Calculation &
Eligibility | Tax Credit CPAs 2022
One of the most common misconceptions about pandemic relief
programs - is that it's too late to make a claim in 2022.
If you run a small or medium-sized business and
haven't claimed your ERTC rebate yet, you still
have time.
Riverline Tax Solutions has a professional rebate service that
can help you to take advantage of this remaining relief fund,
allowing you to claim up to $26,000 per W-2 employee in
rebates.
While other pandemic relief programs,
such as the popular Paycheck Protection
Program (PPP) offered you loans, the
ERTC provides you with a refund on your
taxes, which never needs to be repaid.
The professional rebate service from
Riverline Tax Solutions can help you to
claim your rebates, even if you have
already received a loan through the
PPP.
For 2020, you can claim up to $5,000 per employee, or 50% of the first $10,000 of
qualifying wages. The amount was increased in 2021, allowing you to claim up to 70% of
the first $10,000 in qualifying wages, or $7,000 per employee, per quarter.
The program provides rebates to
corporations and non-profit
organizations, as long as they meet
the ERTC requirements.
To qualify, your business must have closed or
suspended operations because of government
orders, such as a lockdown, or suffered
financial losses because of the pandemic.
The ERTC program has gone through a lot of amendments, making it a little more
difficult to navigate, but it's still an excellent source of pandemic relief funds. All you have
to do is make a claim, and the IRS will send you a check in the mail.
New businesses can also claim
pandemic relief funds through the
ERTC program, though they have a
different set of requirements.
To qualify as a Recovery Startup Business,
your company must have begun business after
February 25th, 2020, have at least one
employee who is not a family member or 50%
owner, and have gross receipts of less than $1
million.
Find Out More At
https://riverlinetax.co
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