Take Advantage of This Beneficial CreditBefore It Expires!
The Employee Retention Credit (ERC) is an opportunity for small businesses to be compensated for employee-related expenses because you opted to do the right thing and keep your employees during a very tough time! This credit, which will begin being phased out in 2023, offers eligible employers a payroll tax credit of up to $26,000 in wages paid per W2 employee employed from March 13, 2020, to September 31, 2021. Starting in Q2 of 2023, the IRS will start phasing out the ERC refund. One less quarter of available credits will be available each quarter until Q3 of 2024, when all credits will have expired.
It's crucial to take advantage of this opportunity now, as it may make the difference between your business staying afloat vs. going under during the upcoming recession and inventory/supply chain shortages. You could earn hundreds of thousands of dollars in refundable credits or much more with less than 30 minutes of work.