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How to Claim Employee Retention Credit
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ERTC Application: Salons & Restaurants Can Receive Tax Credits For 2020 & 2021 After two years of the pandemic, business owners need a break. Luckily, the ERTC program offers just that! Even better, Your ERTC Solution can help you take advantage of it. The company will process your application to the ERTC program, which grants entrepreneurs tax credits for not laying off employees during the pandemic. You can receive as much as $26,000 per W-2-employee for the years 2020 and 2021. This service is especially helpful if you own a small or medium-sized business, such as a restaurant, salon, building contractor, and the like. Since the ERTC benefits are given as tax credits, you have no obligation to pay them back, unlike PPP loans. The ERTC program was established by the 2020 CARES Act, which was passed during the height of the pandemic to help keep businesses afloat. It covers all retained full- and part-time workers from March 2020 through September 2021. You can retroactively claim tax credits for the above- mentioned dates, but you are likely unfamiliar with the process. As such, Your ERTC Solutions provides a streamlined way of applying for this program. To apply for ERTC benefits, you simply need to upload a few documents to the secure portal. First we verify your business is qualified, then we can calculate the maximum tax credit you can receive. After this step, your Form 941 must be amended to reflect the tax credit. Once the application is approved, the IRS will simply mail you a check for the calculated benefit. Learn more by visiting https:// yourERTCsolution.com
