Business & Economics
Apply For Covid Tax Credit Relief For Your Hospitality Business With This Expert If you own a small restaurant or another hospitality business, you may be eligible for Covid relief programs and other credits that keep money in your pocket! Contact Mary Sloane of GMG Growth Management Group LLC to see how she can help you get the money Uncle Sam owes you! The current health crisis has affected the hospitality sector the hardest. Small business owners, in particular, have suffered losses due to lockdowns and other health and safety measures imposed during the pandemic. However, the U.S. government has provided several relief credits to keep money or get money into the hands of small business owners. You can apply for these credits and benefits with the assistance of experts at GMG. There are six unique credits approved by the government that can grant you certain benefits. The Covid Employee Retention Credit (ERC) is designed to help you retain employees. These are examples of the monies GMG was able to help the owners of these businesses unlock so they could successfully operate their businesses. Under the Disaster Retention Credit, you can apply if you operated in qualified disaster zones and as a result became inoperable but continued to pay or incur wages for eligible employees. It is important to note, that each case needs to be individually assessed. Other programs include the Workers Opportunity Tax Credit for employers who hire employees. Research & Development Credits are available for businesses that innovate either processes, products or services, and Property Tax Mitigation for businesses with property tax payable exceeding $50,000. Visit http://showmemytaxsa vings.com to learn more!