The Employee Retention
Tax Credit is Benefiting
Many U.S. Restaurant
Owners
What is the Employee Retention Tax Credit?
Recent amendments to the CARES Act
include a new tax credit - the Employee
Retention Tax Credit - that is intended to
bring financial relief for many U.S.
restaurants and businesses that have been
negatively impacted by the pandemic.
Who Qualifies for the Employee Retention Tax Credit?
The good news for restaurant owners is that
through the recent changes to the CARES
Act, even businesses who took advantage of
PPP loans are still eligible to receive the
Employee Retention Tax Credit in the form of
a tax refund.
Do I Repay the Employee Retention Tax Credit?
The Employee Retention Credit
does not have to be repaid. The
money received is actually a refund
of payroll taxes paid in qualifying
quarters in 2020 and 2021.
Are There Limitations on How I Use the ERTC Refund?
There are absolutely no restrictions on
how the Employee Retention Credit
refund is to be used. The monies can
be utilized completely at the discretion
of the business owner.
How Much Will I Receive from My ERTC Refund?
Amounts will obviously vary, but the
refund is based on the number of W2
employees working at the business
during specific quarters in 2020 and
2021. Any business structure under 500
employees can potentially qualify.
How Do I File for the Employee Retention Tax Credit?
ERTC Refund Assistance has a team of tax
professionals that are dedicated to helping
restaurant owners, in the United States, to
recover from serious financial losses suffered
during the pandemic, by taking advantage of a
recent amendment to the CARES Act.
Learn more at https://www.ertcrefundassistance.com