Established by the CARES (Coronavirus Aid, Relief, and Economic Security) Act in March 2020, the ERTC was developed to provide funding for small businesses affected by the pandemic. AmpiFire’s new service maximizes tax rebates for small businesses, startups, and non-profits.
For more information about the 15 Minute Refund, visit https://fountainpr.com/wordpress
Available exclusively from a firm of specialist CPAs, the new eligibility assessment only requires employers to answer ten questions on a secure platform. The service is available to all Jacksonville businesses, including restaurants, schools, and dental and medical practices.
When the ERTC program was first signed into law, employers could claim 50% of up to $10,000 in wages paid to W-2 employees from March to December 2020. Due to an extension passed in 2021, business owners can now claim 70% of up to $10,000 in W-2 employee wages for Q1, Q2, and Q3.
The eligibility requirements have also seen some updates, with many businesses that previously did not qualify for the ERTC now covered under the program. This includes companies that have previously received a loan through the Paycheck Protection Program (PPP), as well as new businesses created during the pandemic.
Unlike the PPP loan though, tax credits do not need to be paid back and have no restrictions on how they can be spent.
AmpiFire offers a no-cost and no-obligation eligibility test that business owners can use to determine whether they qualify for the rebates under the latest ERTC criteria. The assessment takes approximately one minute to complete and will not require any property information.
A team of specialist CPAs will then review the submitted information and prepare audit-proof documentation. The team, which specializes solely in maximizing ERTC claims for small and medium-sized businesses, will help with the preparation and filing of the 941-X amended payroll returns.
The entire process takes 15 minutes to complete and does not entail any upfront costs. All fees are contingent.
Some small businesses AmpiFire has helped successfully claim their tax credits include a presentation design agency in Nashville, which received $162,979 in rebates for 19 W-2 employees, and a restaurant in Houston which received $400,000 for 80 W-2 employees.
Interested parties can take the eligibility assessment at https://fountainpr.com/wordpress