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A Simple And Accurate Process - With No UpFront Fees To Receive Your Tax Credit.
…designed to reward businesses (Practices) for retaining employees during COVID-19 in 2020 and/or 2021. The credit was initially signed into law March 2020 as part of the CARES Act. The credit was later expanded upon with the Consolidated Appropriations Act in December 2020 and the American Rescue Plan Act in June 2021. Business Owners can receive a refundable credit up to $5,000 per employee in 2020, and $7,000 per employee, per quarter (excluding the 4th quarter), in 2021 for qualified wages. The total refund can total up to $26,000 per employee.
50% Reduction In 2020 - If there is a reduction in your gross receipts in 2020 when comparing to the same quarter in 2019 by at least 50%
and/or
20% Reduction in 2021 - If there is a reduction in your gross receipts in 2021 when comparing to the same quarter in 2019 by at least 20%
Either one will qualify you, for the Employee Retention Tax Credit
If a governmental order had more than a nominal impact on your business operations, such as:
Any of these will qualify you for the Employee Retention Tax Credit.
If you started a Practice after February 15, 2020, and had annual gross sales receipts less than $1,000,000.
This will qualify you for the Employee Retention Tax Credit.
Answer a few questions to determine if you are eligible for the Employee Retention Tax Credit.
After you upload the supporting docs, our partner CPAs will be able to get more precise as to your credit amount.
Our CPA partners will facilitate and support you with all the complex IRS requirements, to receive your employee retention credit. They will then be able to tell you precisely what tax credit amount you can expect.
The CPAs will support you until you get your tax credit. They are paid only IF and AFTER you receive the money.
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