Heros ERTC has announced a simple calculation tool for eateries and drinking establishments that want to see if they qualify for the Employee Retention Tax Credit.
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Restaurants and bars who want to see how much of the ERTC (Employee Retention Tax Credit) they are eligible for can now start the qualification process in 15 minutes on Heros ERTC’s website. In partnership with a national CPA, the company helps business owners optimize their claims.
To learn more, please visit: https://herosertc.com/heroic-business-owner/
Businesses that were affected by capacity restrictions, full or partial shutdowns, or remote work orders may be eligible for the ERTC, given that they kept W-2 employees on the payroll during the restrictions. As most, if not all, US restaurants and bars were affected by restrictions, they are highly likely to qualify.
However, many are still unaware of the tax rebate. In fact, 75% of businesses that the CPA has successfully secured a refund for did not know that they were qualified.
Businesses that paid qualified wages in Q1, Q2, and Q3 of 2021 can still claim up to $21,000 per employee retroactively until the 15th of April 2025.
“Unlike other tax credit and accounting firms, we focus exclusively on ERTCs. Our team consists of experienced Employee Retention Tax Credit specialists who will help you navigate the system and discover opportunities to help you maximize your claim,” a company spokesperson said.
According to a CNBC article, sales volume levels in the restaurant and food service industry were down to 2014 levels by the end of 2020. Aside from significant job losses, the industry had $240 billion less in sales than had been projected for the year.
To determine eligibility, Heros ERTC reviews finances and gross receipts for 2019-2021, analyzes PPP loans, and collaborates with each client’s payroll firm to collect all the documents necessary. The team also puts together documents to highlight the impact of the pandemic on a business for the IRS to base their decision on.
Heros ERTC offers guidance and support throughout the claim process, answering any questions about eligibility.
A restaurant owner shared their experience: “In less than three weeks, we discovered we were eligible for over $400,000 in tax credits! I still can't believe this is real!”
Additional details can be found here: https://herosertc.com/heroic-business-owner/
Contact Info:
Name: Peter White
Email: Send Email
Organization: Heros ERTC
Address: 2340 East Main Street, Cushing, Oklahoma 74023, United States
Website: https://herosertc.com/
Source: PressCable
Release ID: 89148014
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