Guide To Claim ERTC For 2020 Wages: Don't Miss 2024 Tax Credit Filing Deadline

by PRC Agency PR

Can your business afford to give away free stuff for $26,000? Probably not, so why would you not claim the ERTC? The deadline for getting compensated for 2020 tax periods is fast approaching, so waste no time! ERC Echo has written a guide to help you understand if your business is eligible for the ERTC and how to file your application so that you can rightfully claim your tax credit.

Check out the full ERTC step-by-step guide here: https://ercecho.com/2020-erc-tax-credit-claim-deadline-approaching/

Guide To Claim ERTC Before April 15th

Does the ERTC seem like a mystery to you? You're not the only one to feel that way!

With just a few months left until the deadline, many business owners still don't know that they can claim the ERTC and how the process works. ERC Echo's guide gives you all the information you need to claim tax credits you have the right to.

Don't miss out on this once-in-a-lifetime opportunity!

As ERC Echo's guide explains, the ERTC is a reward from the government to businesses that kept W-2 employees on the payroll despite challenging times during the pandemic. If you paid wages between March 2020 and January 2021, you could be eligible for this tax credit and have until the 15th of April 2024 to file claims for Q2, Q3, and Q4 of 2020. However, as the guide underlines, it might be wise to hire a CPA to prepare the documents, as making a mistake with the application can, in the worst case, lead to being denied the credit.

Clearing Up Confusion About ERTC Eligibility

The ERTC initiative was clubbed under the CARES Act, and as it's a relatively new concept, many misconceptions are circulating about who is eligible and not. For example, many businesses are not aware they can claim the ERTC if they already have a PPP loan, says ERC Echo. The guide also straightens out that businesses that started after 2020 could be eligible for 2021 credits.

Claim Up To $26,000/Employee For 2020 and 2021

Readers can also learn that the ERTC for 2020 covers salaries, wages and some health insurance costs, with a cap of $5000 per employee for that year. For 2021, the maximum credit was set higher, meaning businesses could get up to $26,000 per employee to spend on building up their business.

"This significant financial support was designed to aid businesses that kept employees on payroll during the challenging times of the pandemic," said a spokesperson for the company. "Consider this your final boarding call; missing this could mean leaving money on the table that you're rightfully entitled to."

To learn more about what you need to have in order to begin your claim, go to: https://ercecho.com/2020-erc-tax-credit-claim-deadline-approaching/

ERC Echo City: Tampa Address: 5404 Cypress Center Drive Suite 375 Website https://portal.ertcexpress.com/qualify/creditertc Phone +1 888 378 2826