Now’s the time to bask in the warmth and joy that comes from spending quality time with family and friends. It’s also a great time to take a step back, review your financial records, and determine if you qualify for the Employee Retention Credit (ERC).
We know this is a busy time of year for everyone, with gatherings and traditions staking a claim on our attention. But if you find yourself making good use of the quiet time in the office, reach out to us. We’ll likely be doing the same thing! We can discuss your possible eligibility for the ERC.
The Employee Retention Credit is an excellent way for employers who paid qualifying wages in 2020 and 2021 to get a refundable tax credit for those wages, even if they received funds from the Paycheck Protection Plan. Miami CFO has helped more than 150 businesses obtain over $60 million in ERC credits, and we can do the same for you. But first, we need to determine if you’re eligible.
To be eligible, your business must have experienced either a full or partial suspension of operations due to a government order related to COVID-19 or a significant decline in gross receipts. If your business meets one of these criteria, you can apply for the credit.
Let’s make sure you don’t miss out on this valuable financial benefit. Schedule a meeting with us today. We’ll be happy to answer any questions about the ERC and start the application process.
Until then, we wish you and your loved ones a festive holiday season.
Happy holidays from the Miami CFO team.