Forbes Article: Small- Businesses Are Missing Out On Billions
Discover If You Qualify
As a leading ERTC company, we fully understand everything needed to obtain ERTC Advance funding. Your business has to meet specific qualification requirements. However, there is much more to interpreting each eligibility criteria than what meets the eye.
We had no revenue decline
Revenue is one of many factors that determine whether you qualify for ERTC. In fact, companies without a considerable revenue decline can still qualify for the employee retention tax credit.
Our business is not essential
Your business does not have to be deemed essential to qualify for employee retention tax credit.
We have received a Paycheck Protection Program loan before
Companies that have received one or both PPP fundings are eligible for the employee retention tax credit.
We never shut down our business
The ERTC tax incentive has several provisions that make it possible for employers who were not forced to completely shut down their business to qualify for the ERTC. Businesses that were forced to partially shut down their business can make a claim. Additionally, those businesses without a government mandate to shut down or partially shut down their business can still qualify through revenue decline.
Our revenue went up after a shift in the market
Although your revenue increased for the year, many companies experienced declines in one or more quarters in 2020 and/or 2021 when compared to 2019. These short-term revenue declines allow you to qualify even with increased annual revenues.
It’s too late to apply for the iERTC
If eligible, employers can claim the ERTC for qualified wages paid in 2020 up to 100 employees, as well as Q1, Q2, and Q3 of 2021 up to 500 employees.
So many changes that IRS website is not even upto date.
The ERTC is a refundable payroll tax credit for wages paid by an employer whose business is either fully or partially suspended due to a COVID-19 related order or is experiencing at least a 10 percent decline in gross receipts compared to the same calendar quarter of the previous year.
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