CPA Firm ERTC Claim Assistance & 2023 Tax Credit Eligibility Check Launched
LP Consulting LLC uses its specialized knowledge of ERTC funding and a simple questionnaire to initiate the claim process. This announcement provides a one-stop solution for businesses that need guidance obtaining this tax credit.
More details can be found at https://get26k.com
The new service intends to educate small business owners on ERTC and how it applies to each case. The firm establishes that many SMBs are neglecting to receive this rebate believing it was only available for 2020.
LP Consulting’s expert accounting team explains that two business assistance programs came into law in March 2020. These were integrated into the Coronavirus Aid, Relief, and Economic Security (CARES) Act and designed to help with worker retention. Of the two programs, either the Payroll Protection Program (PPP) or the ERTC could be selected, but not both. Most companies chose the PPP loan.
A new law in March 2021 removed that restriction, and businesses that received funds through the PPP can now also be recipients of the Employee Retention Tax Credit. The ERTC is a refund granted by the IRS, and not a loan.
According to LP Consulting, any business that had between 5 and 500 W-2 employees during the pandemic and was affected by it is eligible for the refund. This includes startups founded during the pandemic and non-profit organizations. Companies may receive up to $26,000 per employee in rebates, with no repayment required.
On its website, LP Consulting offers a step-by-step process for SMBs to claim the ERTC. By completing a brief, no-obligation questionnaire, business owners can quickly determine if they are eligible for the program. They will then be contacted by LP Consulting, who will help them prepare the claim package to ensure the maximum rebates they are eligible for.
A spokesperson for the firm states, “The government wants to incentivize and reward small businesses for keeping US residents employed and money flowing through the economy to rebuild bigger and stronger than before.”
Interested parties can find more information by visiting https://get26k.com
LP Consulting LLC
3648 Gruber Rd
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Florida Times Daily journalist was involved in the writing and production of this article.