ERTC Maximum Claim Changes 2022 | Get Tax Rebates For Non Profits & Startups

Did you ever hear the one about how copper wire was invented?

Two accountants were arguing over a penny.

While we like to make fun of accountants, and boy is it easy, they certainly have their uses.

Right now, they can help you claim up to $26,000 in tax rebates, per employee - and that's no laughing matter.

The Employee Retention Tax Credit (ERTC) was launched in 2020 as part of the CARES Act and alongside the Paycheck Protection Program (PPP.) However, the program has gone through several changes since it was first launched, which you should be aware of.

Visit https://ertcquiz.com/video to skip the reading, and watch a short video that explains the changes.

The most important change to the program was an expansion of the eligibility requirements, which gave many employers who were originally ineligible access to tax rebates. Businesses with up to 500 full-time employees on average can now enroll in the program, though the original limit was 100 employees.

If you received funds through the PPP, you are also now eligible, and the ERTC program has several benefits over the PPP. While the programs were created at the same time, and for the same purpose, they provide pandemic relief funds in different ways.

While the PPP is a loan program, and the received funds have restrictions on how you can spend them, the same is not true of the ERTC. Tax rebates are not a loan, do not need to be repaid, and have no restrictions at all on how they can be spent.

Another recent change to the ERTC program is a significant increase in the amount you can claim per employee. In 2020, the limit was $5,000 per employee, or 50% of the first $10,000 of their wages, per quarter. For 2021, that amount was increased to $7,000, or 70% of their wages.

These changes have made many employers unsure about whether they qualify for rebates, and how to maximize their claims. On the ERTC Today website, there is a complimentary 60-second quiz that can determine your eligibility, with no cost, and no obligation to proceed with a claim.

After taking the short quiz, you can choose to have the ERTC specialist accountants pre-qualify you for a rebate, which may be up to $26,000 per employee. The entire process is completed through a secure server, and the application is open to small businesses, non-profit organizations, and start-ups.

If there's an easier way to get a check in the mail for thousands of dollars, I haven't seen it, and probably wouldn't believe it.

Just don't tell the accountants I was making fun of them, I still have to apply.

Visit https://scotthall.co/employee-retention-tax-credit to find out if you're eligible, and how much you can claim.

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Created on Mar 30th 2022 22:41. Viewed 280 times.

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