ERTC Cash Advance Rapid Loan PPP Funding for ERC Employee Retention Tax Credit

The Employee Retention Tax Credit (ERC or ERTC) is an extremely misunderstood opportunity for many small and medium-sized employers, but as more businesses begin to realize they are eligible to this payroll tax refund, the backlog of claims continues to grow. Daily.

The Employee Retention Tax Credit (ERC or ERTC) is an extremely misunderstood opportunity for many small and medium-sized employers, but as more businesses begin to realize they are eligible to this one-time pandemic payroll tax refund, the backlog of applications continues to grow every day.

For all interested parties, the following website offers a comprehensive FAQ section as well as a free 30 second eligibility quiz which has been updated to reflect the latest legislation: https://www.joinallies. com/ertc

At the time of writing, the current time between the initial request and the actual refund check sent back to the company is usually between 5 and 9 months. (But this also assumes that the calculations were done correctly from the start).

If not, any required corrections or changes can lead to much longer delays, which is why it is extremely important to ensure that they are done accurately the first time.

Likewise, based on current turnaround times and growing economic uncertainty, some companies may benefit from “selling” their ERC rebate before receiving it. This can enable the company to receive its funds in just 2-4 weeks instead of the current 5-9 month time frame.

Interested parties can watch this educational video that explains how the ERC loan and cash advance funding process works: https://youtu.be/6ApZJjMaLXQ

Likewise, since the legislation regarding the employee retention tax credit has changed several times over the past two years, there is still a lot of confusion (even among CPAs, accountants and other financial advisors ) as to the companies eligible for this reimbursement program. .

A recent Forbes article was quoted: “IRS management predicted that approximately 70-80% of small and medium-sized businesses (as well as tens of thousands of charities) were good candidates to pass the ERC. The reality is – to date, the actual number of companies and charities applying for the ERC – is far below that. Small and medium businesses (along with tax exemptions/charities) leave billions of dollars on the table.

As with everything, business owners should always consult their financial, tax and legal advisors first, but for any owners who have not yet applied for the ERC (or those who have received outdated information in the past ), it might be prudent to consider getting a 2nd or 3rd opinion to make sure this isn’t a missed opportunity. Especially since the time available to request these refunds is limited.

It is also important to know that startups, as well as companies sold or closed (in 2020 or 2021), can still benefit from this tax credit.

For all interested parties, the following website offers a comprehensive FAQ section as well as a free 30 second eligibility quiz which has been updated to reflect the latest legislation: https://www.joinallies. com/ertc

Contact information:
Name: Lindsey
Email: Send Email
Organization: AI Media
Address: 1420 Marvin Road NE C124, Lacey, Washington 98516, USA
Website: https://www.joinallies.com/ertc

Build ID: 89067226

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About Galen A. Williams

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