ERTC Qualification: Claim Deadlines For IRS Crackdown Compliance Service Updated

Nov 21, 2023

Key Takeaways

  • 'Claim Your ERC Recovery, LLC' has launched updated services to provide compliant application support for small businesses affected by the COVID-19 pandemic.
  • The consultancy aims to address misconceptions about eligibility for the Employee Retention Tax Credit (ERTC) and help businesses claim the financial support they are entitled to.
  • The ERTC is a refundable tax credit that offers 50% of qualified wages paid to employees between March 2020 and January 2021. Claim deadlines have been extended to April 2024 for 2020 wages and April 2025 for 2021 applications.
  • 'Claim Your ERC Recovery' assists businesses that have experienced revenue decline, supply chain disturbances, travel restrictions, shutdowns, and customer or vendor restrictions in claiming their maximum refunds.
  • The consultancy emphasizes that businesses do not need to be deemed 'essential' or be disqualified from previous PPP loans to qualify for the ERTC. Their team of CPAs, attorneys, and agents offers guidance and support throughout the application process.

An agency specializing in supporting legitimate claims for the Employee Retention Credit updates its services for working Americans and small businesses whose livelihoods were adversely affected by the COVID-19 pandemic.

Bayonne, United States - November 21, 2023 /PressCable/

The latest launch from 'Claim Your ERC Recovery, LLC' responds to a recent statement from the IRS. The Commissioner tempered his July 2023 progress report with a warning of an imminent clampdown on fraudulent claims and aggressive marketing campaigns. In contrast, 'Claim Your ERC Recovery' offers clients a fully compliant application support service.

More details can be found at https://portal.ertcexpress.com/qualify/claimyourercrecovery

The consultancy's updated services are intended to help debunk some of the misconceptions that exist about eligibility as well as address the concerns of business owners who are unsure of how to proceed in light of the recent press coverage. Claim Your ERC Recovery's recent statement highlights that the Employee Retention Tax Credit (ERTC) is still notably underutilized and that the team is committed to helping businesses claim the financial support that they are entitled to.

The ERTC is a refundable tax credit that was rolled out as part of the CARES Act in 2020. The package made millions of dollars available to business owners to help them keep employees on the payroll during the shutdowns of the pandemic. The credit is equivalent to 50% of qualified wages paid to an employee between March 2020 and January 2021. Cut-off dates for claims have been extended to April 2024 for 2020 wages and April 2025 for 2021 applications.

'Claim Your ERC Recovery's' experienced agents can help businesses and tax-exempt entities that have experienced revenue decline, and supply chain disturbances as well as travel restrictions, full and partial shutdowns, and customer or vendor restrictions, claim their maximum refunds.

The consultancy also points out that even businesses that experienced only moderate dips in revenue, and in some cases increases too, can still qualify. Many potential applicants are also under the impression that their business must be deemed 'essential' to qualify or that a previous PPP loan disqualifies them. Neither is the case the team notes.

'Claim Your ERC Recovery' does not use any automated software to process and file applications. The consultancy's team of CPAs, attorneys, and agents is always on hand to offer guidance and support at any stage of the process.

A spokesperson says, “ERTC can be a very complex process. We believe it is in your best interest to work with a company that 1) specializes in ERTC, and 2) has your best long-term interest at heart by triple-checking every component of your ERTC filing by our 3 CPA teams to assure accuracy, compliance, and true eligibility.”

For more information, go to https://portal.ertcexpress.com/qualify/claimyourercrecovery

Contact Info:
Name: Michael O'Reilly
Email: Send Email
Organization: Claim Your ERC Recovery, LLC
Address: 104 W 16th St, Bayonne, NJ 07002, United States
Website: https://portal.ertcexpress.com/qualify/claimyourercrecovery

Source: PressCable

Release ID: 89113869

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