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ERTC Tax Credit Eligibility Misconceptions, 2024 Awareness Campaign Announced

The refund claim experts at ERTC Express have launched a new awareness campaign detailing the various misconceptions that have kept eligible business owners from filing for the Employee Retention Tax Credit they are due.

The new awareness campaign was launched to debunk various myths associated with the Employee Retention Tax Credit (ERTC). Created as part of the CARES Act during the COVID-19 stimulus efforts by the federal government, the ERTC provides up to $26,000 per W-2 employee who was employed during 2020 and 2021. However, various misconceptions and general unawareness have led billions of dollars to go unclaimed.

More details can be found at https://employee-retentiontaxcredit.com

One of the primary myths dispelled by the experts is that a refund awarded by the ERTC is a loan, a misconception that is continually prevalent as the credit was created at the same time as the widely known PPP loans. The ERTC Express team emphasizes that any refunds its claim professionals obtain for a client are completely restriction-free with no need for any repayment.

The CPA firm also clarifies that a small or medium-sized business owner who already received a PPP loan can still benefit from the Employee Retention Tax Credit. Furthermore, businesses that did not experience a significant decline in revenue can obtain the ERTC, a fact that many proprietors continue to be unaware of.

The potential $26,000 for each W-2 employee is apportioned from $5,000 for workers on the payroll in 2020 and $21,000 for those who worked in 2021.

The claims experts at ERTC Express work on contingency, meaning they only get paid if and when they collect the credit for a business owner.

The company’s filing service is continuously sought after because of its partnership with the only CPA Firm that offers the 15 Minute Refund™, which requires a minimal time investment from small business owners.

The claim experts have had repeated success in obtaining significant refunds for clients, such as a $162,979 credit for a Nashville presentation design agency that had 19 eligible W-2 employees. Other recent refunds from ERTC Express include attaining $175,000 for a Montessori School in Illinois, $400,000 for a restaurant in Texas, and $1,120,000 for a restaurant ownership group in Florida.

For more information, visit https://employee-retentiontaxcredit.com

Contact Info:
Name: Paul Tunks
Email: Send Email
Organization: ERTC Express
Address: 99 Wall Street Suite 3620 , New York, New York 10005, United States
Website: https://employee-retentiontaxcredit.com/

Source: NewsNetwork

Release ID: 89120550

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