LEARN MORE HERE: – https://ercfilenow.com/r/cmgroup
The Employee Retention Credit, or ERC, is a federal program enacted by Congress under the CARES Act designed to provide financial relief to small businesses impacted by COVID-19.
If your business was affected in 2021, you may still be eligible to claim this valuable tax credit. The ERC allows businesses to receive up to $21,000 per W2 employee for the 2021 tax year only.
The deadline to file is April 15th, 2021. but waiting could put your claim at risk. The ERC program was created by President Donald Trump during his first term to help small businesses recover from the pandemic.
However, in September 2023, the IRS commissioner under the Biden administration placed a moratorium on ERC claims, pausing processing for nearly a year.
In early 2024, a congressional bill was proposed to end the ERC early on January 31, first 2024, but it never passed.
As a result, the program remains in place and business owners still have time to claim their refunds. Over the past several months, the IRS has gradually resumed issuing refunds and businesses are once again receiving payments.
With a new administration in office, the IRS Commissioner responsible for pausing ERC processing resigned on January 20th, 2025. President Donald Trump has since nominated former Senator Billy Long as the next IRS commissioner.
Long has strongly supported small businesses and has helped business owners secure ERC refunds in recent years. His leadership signals a pro-business approach, making the future of the ERC program stronger than ever.
To qualify, your business must meet one of the following criteria. A significant revenue decline in 2021 compared to 2019, or 2020, alternatively.
A full or partial suspension of operations due to government orders. Or, be a recovery startup business that began operations after February 15, 2020.
For instances, a business with 20 W2 employees could qualify for up to $420,000 while a business with 100 W2 employees could be eligible to receive up to $2 million.
dollars, and that’s just the base amount. An additional 15 to 21 percent in statutory accrued interest means your total refund could be even higher than $21,000 per employee.
And that interest will only continue to increase the longer it takes to receive your ERC refund. One of the nation’s top accounting firms, fully staffed with CPAs and tax lawyers, will be assisting you in filing your ERC claim, ensuring accuracy and compliance while maximizing your refund.
The April 15, 2025 deadline is fast approaching. With a new administration that’s showing unwavering support for small businesses, ERC claims are moving forward again.
Don’t leave money on the table. This is your chance to recover funds your business is entitled to. Take action today and claim the ERC before it’s too late.
For more information, contact us now and get started on your claim. https://ercfilenow.com/r/cmgroup
