ERC Tax Group is now offering advisory services to hospitality businesses in Dallas who are looking to claim ERTC refunds in 2023. The specialized consulting service is expected to benefit businesses like fast-food chains, restaurant groups, single-location establishments, and hotels.
More information is available at https://erctaxgroup.com/
According to the IRS, employers eligible for ERTC refunds include businesses and tax-exempt organizations that have either been subject to government-ordered shutdowns at the height of the pandemic in 2020 or the first three quarters of 2021. Additionally, those who have experienced a “decline in gross receipts” during those periods are also eligible.
“It is also worth noting that claims applications are still being accepted in 2023,” an ERC Tax Group spokesperson said. “Our goal is to help those organizations who kept people employed at the height of the pandemic but have yet to receive their owed compensation for it.”
ERC Tax Group pre-qualifies businesses by reviewing their financial information and advising them on how to maximize the sum they can claim. To commence this process, claimants are asked to submit their business details through the company’s website. Afterward, a tax specialist will get in touch to offer guidance regarding the succeeding steps.
The advisory group has been instrumental in the successful application of a number of businesses in different parts of the country. One Florida restaurant with more than 200 employees was able to claim over $1.1 million dollars through ERC Tax Group’s assistance. In Nashville, a design agency with 19 W-2 employees was able to receive a check worth $162,979 from the government.
Introduced as part of the CARES Act, the ERTC became a vital provision aimed at providing financial relief to businesses grappling with the economic impact of the COVID-19 pandemic. Initially, businesses were faced with a choice between applying for the Payroll Protection Program or claiming the ERTC, but subsequent legislative actions have allowed businesses to benefit from both programs simultaneously.
Interested parties who want to learn more or submit their business details for review may visit https://erctaxgroup.com/
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.