CPA Firm Helps Business Owners Apply For & Maximize CARES Act ERTC Tax Refunds

by PRC Agency PR
CPA Firm Helps Business Owners Apply For & Maximize CARES Act ERTC Tax Refunds

Did you know that during the pandemic, when companies were either firing or laying off employees left and right, the government created an incentive program that would reward employers who retained employees by making them eligible for up to $26,000 in tax refunds per employee.

And it's retroactive.

This means if your company had 10 employees on the payroll through 2020 and 2021, you're due $260,000. If you have 20 employees, you can double that. And so on!

If this is news to you, you are not alone. Every year, small and mid-sized businesses leave millions of dollars owed to them on the table because they weren’t aware they were entitled to certain tax credits.

This is where the CPAs at LP Consulting, LLC can help. They'll help you figure out what you're owed, and will ensure you maximize your refunds.

Get in touch with them now to see what you're entitle to, at

Here's the Coles notes on this whole program:

In 2020, Congress enacted the Employee Retention Tax Credit as an incentive for employers to retain their employees during the pandemic. The credit went from being part of the CARES Act to becoming the American Rescue Plan Act (ARPA). The retroactive deadline also changed from January 1, 2022, to October 1, 2021.

Tax credits you might be entitled to are calculated based on qualified employee wages and health plan expenses you paid after March 12, 2020, and before October 1, 2021.

While the program was created as part of the CARES Act along with the PPP loans, this credit is not a loan. And there are no restrictions around how you use your tax refund.

In the 2020 tax year, a refundable tax credit of up to $5,000 per employee between March 12, 2020, and December 31, 2020, is available to eligible employers. In 2021, the ERC was increased to $7,000 per employee over Q1, Q2 and Q3, amounting to a potential $26,000 in refundable tax credits per every one of your employees.

If you own a startup that began operations after February 12, 2020, you can take a credit of up to $50,000 in both Q3 and Q4 2021, giving you a maximum credit of $100,000.

An LP Consulting CPA says, “We help small and mid-sized businesses access the maximum amount of refundable credits they’re due. We also include audit-proof documentation for IRS support. Too many companies are entitled to what’s essentially thousands of dollars of free money, and they don’t even know it.”

The CPAs at LP Consulting have so far helped all kinds of organizations, including business consultants, design agencies, restaurants, and even a Montessori School maximize their refundable credits.

Payouts ranged from around $44,000 for a company with two employees, to $1.2 million for a restaurant group.

Is it time you found out what you're entitled to through the ERTC? Connect with LP Consulting at, and let's get the ball rolling on your refund!

LP Consulting LLC 3648 Gruber Rd, Monroe, Mi 48162, United States Website

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Created on Dec 12th 2022 10:10. Viewed 35 times.


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