The US truckers are planning a protest convoy following the example of the Canadian counterparts, to pressure pandemic policy changes. For businesses that suffered economically during pandemic, government programs such as ERTC are available where employers can receive up to $26,000 per employee.
Brantford, Canada - February 23, 2022 /PressCable/ —
The recent Canadian truckers protest seen dominating the news made its impact felt throughout the world sparking similar protests in several countries. Though the main focus was the COVID-19 restrictions and vaccine mandate infringing on personal freedom of choice, the protest revealed other deep wounds. The US counterparts are planning their own protest convoy, and its pressure to urge changes in the pandemic policies will bring the political wounds to spotlight. As for the economical wounds suffered by many businesses, several government financial assistance programs are available such as the ERTC where employers including start-ups and non-profits can receive up to $26,000 per employee.
To learn more about the program and get help filing, visit: https://ertccredit.net/
Since its launch in 2020, the CARES Act has gone through several updates including the various ERTC eligibility requirements. Originally in 2020, employers were told they could choose either the PPP or the ERTC, but not both. A large percentage of employers opted for PPP because it offered more potential funds desperately needed at the time.
With the Consolidated Appropriations Act passing in 2021, businesses can now take advantage of both programs if they were impacted by the pandemic, necessitating closures or resulting in a loss of revenue. Unaware of these eligibility changes, many continue to falsely believe that they are are still ineligible for the ERTC.
Of all the changes in ERTC qualifications and eligibility, founder of ERTCcredit.net said, “The ERTC info on the IRS official site is enough to make even a seasoned CPA’s head spin. It’s no wonder most people went for the PPP because it was so much easier and simpler.”
Employers are able to claim 50% of their employees’ wages, up to $5,000 per employee, per quarter in 2020. According to the new amendments, they can also claim up to 70% of eligible wages, up to a maximum of $7,000 per employee, per quarter, for wages paid in Q1 to Q3 of 2021 inclusively.
Rules defining small businesses with regards to ERTC also changed in the new amendment. Previously, employers had to have 100 or less full-time employees to be eligible. The amendment now allows employers with up to 500 full-time employees. There is no limit on the number of part-time employees.
Though more involved and complex than PPP, claiming ERTC is a matter of having all the required documentations, calculating the rebate, and updating previous tax filings with the 941-X amended payroll returns. Businesses that already filed their taxes for 2020 and/or 2021 can also claim the ERTC retroactively via working with a qualified ERTC specialist.
ERTCcredit.net also commented, “A lot of CPAs don’t like to deal with ERTC because it’s so complicated, not worth their time investment, or are just too busy with their current workload. That’s why we’re actively partnering up with many CPA firms to handle the ERTC rebates for them and their clients. It’s a win-win-win.”
CPA firms interested in working with ERTCcredit.net can email info@ertccredit.net.
Employers can find out their eligibility for the ERTC by answering 10 simple non-invasive questions on: https://ertccredit.net/
Contact Info:
Name: Thomas Cha
Email: Send Email
Organization: ERTCcredit.net
Address: 211 Blackburn Dr., Brantford, Ontario N3T 0A5, Canada
Website: https://ertccredit.net/
Source: PressCable
Release ID: 89065317
