ERTC Tax Credit Guide 2022 | Free Eligibility Test & How To Maximize Your Rebate

by PRC Agency PR

It's amazing how removing a few letters here and there can lead to massive changes.

For example, if you remove enough letters from "Mailbox," you get "Felony."

In this case, though, the big changes came about when the federal government removed the bit about the PPP from the ERTC eligibility requirements.

The Employee Retention Tax Credit (ERTC) program ended in 2021, with many employers unaware that they are eligible for a rebate because of amendments made to the original requirements. This new comprehensive guide from Scott Hall explains the changes the program has gone through, and how you can find out if you are eligible.

Visit https://scotthall.co/what-is-ertc-tax-credit to read the complete guide to the ERTC program, and the changes it has gone through.

The detailed guide contains important information for employers who received a Paycheck Protection Program (PPP) loan. Under the original ERTC requirements, those employers were ineligible for a rebate, but that requirement was amended when the Consolidated Appropriations Act was passed.

The new eligibility qualifications let you claim the maximum allowable ERTC rebate even if you have already received a PPP loan. This expanded eligibility will open the door to many employers who chose the PPP over the ERTC when both programs were initially introduced in 2020.

The guide explains that, unlike the PPP which provided loans, the ERTC provides tax credits or rebates which you do not need to pay back. You can claim up to $26,000 per employee, with no restrictions on how you can spend their rebates.

Any business that was fully or partially closed because of government orders, such as a lockdown, during the pandemic may be eligible for the ERTC program. You can also be eligible if your business suffered financial losses, compared to the same fiscal quarter of the previous year. Scott Hall and ERTC Today have also created a free eligibility test that can be completed in about 60 seconds, available at the link below.

While there is no obligation when taking the quiz, after completing it you will receive a link to a secure portal where you can get help from ERTC accounting professionals to complete your claim if you wish. The accountants at ERTC Today specialize in helping small businesses to claim their maximum allowable rebate.

In 2021, there were more than $1 billion in tax credits claimed by small businesses, with many employers still having their rebates unclaimed. The program is open to small and medium-sized businesses, non-profit organizations, startups, and new businesses founded during the pandemic.

It's amazing the changes removing a few small letters can make, in this case, it could mean that you're eligible for up to $26,000 in rebates, per employee. It's quick and easy to find out - so act fast.

Visit https://scotthall.co/employee-retention-tax-credit to take the free eligibility test or to begin a claim.