Employee Retention Tax Credit Application For PPP Recipients: 2024 Update
Nov 20, 2023
Summary
LP Consulting LLC, an Employee Retention Tax Credit (ERTC) expert, has updated its consulting services to assist American business owners affected by COVID-19 in receiving a substantial IRS refund check through the program, even if they have already received Paycheck Protection Program (PPP) loans. Many companies that received PPP loans may still qualify for tax credits under the ERTC program. LP Consulting LLC aims to expand its support to local restaurants, retailers, manufacturers, and other sector leaders by simplifying the process, taking less than 15 minutes to complete. Qualified W-2 employees can now claim up to $26,000 per employee through LP Consulting's application tool. The Employee Retention Tax Credit (ERTC) was authorized under the CARES Act and provides funds based on qualified employee wages and health expenses between March 12, 2020, and October 1, 2021, without repayment obligations or restrictions on usage. LP Consulting explains that uncertainty about eligibility criteria, concerns about documentation, and lack of awareness have prevented billions of dollars from being claimed. The company handles all documentation and filing with the IRS to ensure an audit-proof application. LP Consulting LLC has helped local businesses secure over $2 million in ERTC tax credits and is committed to maximizing the amount businesses are entitled to. They assist with filing amended 941-X returns and track the process until the credit is processed and the IRS check arrives.
Employee Retention Tax Credit (ERTC) expert LP Consulting LLC has updated its consulting services to help American business owners affected by COVID-19 receive a sizable IRS refund check through the program, even if they have already received PPP loans.
Monroe, United States - November 20, 2023 /PressCable/ —
According to LP Consulting LLC, many companies that received PPP loans may still qualify for tax credits under the ERTC program. The firm continues to expand its support for local restaurants, retailers, manufacturers, and other sector leaders to maximize these refunds with a simple process that takes less than 15 minutes.
More details can be found at https://get26k.com
The announcement comes in response to business owners' limited knowledge about eligibility for the program. The unprecedented stimulus allows both PPP loan recipients and non-recipients to benefit. Small and mid-sized businesses using LP Consulting’s application tool can now claim up to $26,000 per qualified W-2 employee.
Authorized under the CARES Act, the Employee Retention Tax Credit (ERTC) provides funds based on qualified employee wages and health expenses paid after March 12, 2020, and before October 1st, 2021. As it is not a loan, there are no repayment obligations or restrictions on how the funds can be used, ensuring businesses have full access to the tax credits. Initially introduced to encourage employee retention during the COVID-19 pandemic, the ERTC has expanded significantly, providing much-needed financial support to businesses navigating the challenging post-pandemic landscape.
Though the government has authorized this funding, billions will go unclaimed due to uncertainty about eligibility criteria, concerns about documentation, and a lack of awareness of the program. As LP Consulting explains, the ERTC credit amount can be up to $26,000 per W-2 employee, with full-time and part-time staff qualifying. For 2020, it was up to $5,000 per employee and rose to $7,000 per quarter in 2021. Startups operating after February 15, 2020, can also claim up to $100,000 in credits.
LP Consulting’s focus on maximizing employee retention tax credits for small business owners sets it apart from general CPA firms. After answering a few simple questions via their website, they determine eligibility. If qualified, they handle all documentation and filing with the IRS to ensure an audit-proof application.
Led by highly experienced accounting professionals, LP Consulting LLC has helped dozens of local businesses secure over $2 million in ERTC tax credits. According to the firm, recent recipients include a Florida restaurant group with 224 employees claiming over $1 million and an Illinois school with 35 employees securing $175,000.
"With billions in stimulus funds still unclaimed, our ERTC experts can quickly maximize the amount your company is entitled to," said a spokesperson for LP Consulting LLC. "We’ll prepare and guide you through filing your amended 941-X returns and diligently track the process until your credit is processed and your IRS check arrives."
Additional information on LP Consulting's ERTC tax credit claiming service is available at https://get26k.com
Contact Info:
Name: Leonard Palmer
Email: Send Email
Organization: LP Consulting LLC
Address: 3648 Gruber Rd, Monroe, Mi 48162, United States
Website: https://get26k.com/
Source: PressCable
Release ID: 89113809
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