Restaurant Business Owners are entitled to a Favorable Employee Retention Credit in 2022
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(Spin Digit Editorial):- Flint, Michigan Sep 1, 2022 (Issuewire.com) – We at “My ERTC Refund” are pleased to announce today the launch of our employee retention tax credit refund platform called “myrefund.net“. The employee retention tax credit made available by the Coronavirus Aid, Relief, and Economic Security (CARES) Act is still available to restaurant businesses in 2022 and 2023 even though Congress decided to end it on September 30, 2021, three months earlier than anticipated. Some restaurants that previously felt they were ineligible for this tax credit may be allowed to use it. This potential opportunity resulted from the IRS’s guidelines, which were published in August 2021–the month before the credit ended.
The employee retention credit initially permitted a 50% credit for wages paid for the second through fourth quarters of 2020, and then a 70% credit for wages paid for the first through third quarters of 2021, if the business either had its operations suspended due to COVID-19-related government orders or experienced a significant decline in gross receipts. Loans from the Paycheck Protection Program used to cover wages were not eligible for the credit. For the first through third quarters of 2021, this cap was increased to $7,000 per employee every quarter (for a total maximum credit of $21,000 per employee for 2021). The maximum credit for 2020 was $5,000 per employee. Payroll tax contributions made by the employer are reduced by the credit
Why do I need My ERTC Refund in 2022?
- We Promise Local And Small To Medium Sized Businesses The Maximum Refundable Credits.
- We made the claim process so simple that it just takes 15 minutes to complete.
- No upfront fees are necessary to qualify; eligibility is entirely dependent on your refund.
- We provide IRS Support with Audit-Proof Documentation.
- No other CPA firm provides a refund within 15 minutes.
Please take note that we solely focus on helping small business owners maximize Employee Retention Tax Credits. We don’t conduct financial statement compilation, income tax preparation, or any other kind of attestation work.
Millions of dollars will go unclaimed despite the government authorizing an extraordinary stimulus, so when you employ us, you can be confident that you’ve hired the best certified public accountant (CPA) Firm to lock in this one-time opportunity for a large refund check from the IRS in 2022 and 2023.
ERTC Credit Service
3280 N. Elms Rd.Flushing, Mi 48433
Source :ERTC Credit Service
This article was originally published by IssueWire. Read the original article here.