In their updated report, FTCO ERC Pros’ Employee Retention Credit specialist and small business consultant Paul Kohn explains how business owners can receive backdated ERTC credits for salaries up to and including 31 December 2021.
More information is available at https://federaltaxcredits.org/how-do-i-apply-for-erc-tax-credit/
The information provided in the latest resource also advises readers that, due to the complicated application requirements and filing processes, business owners should seek professional guidance prior to making a claim in 2023.
Despite the availability of ERTC funding, many business owners are yet to make a claim due to misunderstandings of the funding’s qualifications and the modifications made to the eligibility criteria by the IRS. The FTCO ERC report helps business owners get their owed funding by presenting all the need-to-know ERC information.
As the report explains, Employee Retention Credits were made available to help support businesses that retained their employees during the pandemic. Initially, the eligibility for this funding was for the dates between 13 March 2020 to 31 December 2020, but recent changes have expanded this date range though to 31 December 2021.
The IRS is extending the window to make claims for that period. The amended filings are as late as November 2024 and possibly April 2025.
While the availability of ERTC funding is something all business owners should look into, FTCO ERC highlights that the application process is not a simple one. Furthermore, as an incorrect filing could lead to a possible IRS audit, FTCO ERC advises that business owners seek guidance from a CPA firm that specializes in ERTC funding to assist with their application.
Alongside their educational reports, the FTCO ERC team also provides a comprehensive service for business owners looking to successfully apply for and receive their owed employee retention tax credits in 2023. The company’s site also features an extensive FAQ with more information regarding ERTC funding.
Business owners wanting to learn how much they could be owed can find a short eligibility checking service on the company’s site to get started with their application.
A spokesperson for the company said, “Our team of professional ERC experts specializes exclusively in this area of business accounting and knows all the best practices to ensure your business gets the most significant refund without triggering an IRS audit.”
Interested parties can find more information by visiting https://federaltaxcredits.org/how-do-i-apply-for-erc-tax-credit/
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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Exact Observer journalist was involved in the writing and production of this article.