Employee Retention Stimulus Application, 2023 SMB Eligibility Assessment Launch
This new report launched by BottomLine Concepts explores several recent changes to the federal government’s Employee Retention Credit (ERC) program, and how business owners may be able to claim up to $26,000 per employee in rebates, even if they were previously disqualified.
More information about changes to the ERC program, claiming the maximum allowable rebate, and the BottomLine Concepts application service can be found at https://www.ercmoneyaccess.com
The ERC program was retroactively ended by the government in 2021, but employers can still claim their rebates either by completing the required paperwork as outlined in the new report, or using the “done-for-you” application service from BottomLine Concepts. While individual rebates will vary, the application service helps each employer to claim the maximum allowable amount for their business.
The program is open to any employer that had between 5 and 500 W-2 employees on the payroll during the pandemic, including new businesses, startups, and non-profit organizations. The program can also help businesses that have already enrolled in or received funds through the Paycheck Protection Program (PPP).
Unlike the PPP, rebates claimed through BottomLine Concepts are refundable tax credits, which have no restrictions on how they can be spent, and never require repayment. Instead of a loan or deferral, these rebates are a one-time reimbursement for wages that employers have already paid during the pandemic.
Any employer can use the fast eligibility checking service from BottomLine Concepts to determine if they qualify, with no cost or obligation. Eligible employers can also use their application service to receive assistance from a dedicated team of ERC specialists, who will help to calculate their maximum allowable rebate and complete the required paperwork.
To qualify, a business must have been negatively affected by the pandemic in some way. While this is often shown through significant financial losses or temporary closures due to lockdowns, the BottomLine Concepts report suggests several other ways that a business can qualify. These include changes to business hours, supply chain shortages, reduced services offered, or a lack of travel and group meetings.
Employers that choose to use the BottomLine Concepts application service can claim their maximum allowable rebates with no risk or up-front fees. Any business that does not qualify will not be charged, and no business will be charged until after it has received a rebate from the IRS.
More information about the fast application service and eligibility assessment can be found at https://bottomlinesavings.referralrock.com/l/WILLIAMBOY87/
Bottom Line Concepts
qualify@ercmoneyaccess.com
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Suite 302
United States
COMTEX_432213384/2764/2023-05-09T19:48:02