ERTC Tax Credit How your Business Qualifies

Описание: The US Government offers Grants Loans and Credits for businesses. How to get money from the US Government Without having to pay it back.
That’s the ERTC tax Credit Refund
This video reveals that even Startup businesses
Can get ERTC tax Credit Refunds.

What is a Start-up business?
Startups or brand-new businesses have a special qualification option for the ERTC rebate program.

The ERTC guidelines outline 6 qualifications to be considered a
"Recovery Startup Business" and receive Federal Money

1. They have to have more than 1 employee (IRS rules)

2. You must have started operations on/after Feb 15, 2020.
You can have organized, for example, incorporated, prior to that date.
But to be considered a "Recovery Startup Business"
You must have opened your doors or begun operations
on/after Feb 15, 2020.

3. You must have gross receipts under $ 1 million dollars for 2020 and 2021 each.

4. If you own multiple companies or have common ownership, the requirements change. These businesses will typically get "lumped together" or aggregated.

5. You must not be eligible for ERC under the other requirements,
For example – your business experienced a significant decline in gross receipts or was subject to government-imposed orders/restrictions.
Basically, you get one or the other …not both

6. You had paid employees during Q3 and Q4 of 2021.

So -- if a business can't qualify for shut-down or with revenue declines
but they started up after Feb 15th, 2020 –
Then the "Recovery Startup Business" designation and qualification offer you the opportunity to still get some $$$.

How much can they receive?
Maximum of $100,000

How does that break down?
Up to $50,000 per quarter for Q3 and Q4 of 2021 only.
( It's the usual $7k per employee per quarter for this reduced time period. However - regardless of how many employees - the cap is $50k per quarter.)