Local Business Employee Retention Credit Scores 2021-- ERTC Eligibility Report Launched

ERTC Today, a tax credit consulting firm, has released an online tool to help small business owners determine if they are eligible for the 2021 Employee Retention Tax Credit (ERTC).

Participants can also use the newly launched tool to get consultations about their eligibility for the tax credit, and what amount they can expect. The ERTC doesn't have to be repaid. Any business with fewer 500 employees (both non-profits as well as start-ups) may qualify.

The tool, along with more information about the ERTC, can be found at http://localrecoveryhelp.com

This announcement is to increase awareness of the newly approved tax credit. It was initiated by the IRS to assist small businesses in maintaining their staff during these challenging times, via payroll cost refunds.

Many businesses were affected by the pandemic and have had to deal with staff shortages and supply problems, closings and uncertainty. Over the past two years, lawmakers have created several relief programs to assist business owners and employees in these difficult times. The ERTC is one such program, introduced as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act in March 2020.

Businesses may be eligible for relief if they were forced to suspend their normal operations in part or completely in 2020 or 2021 due to a governmental order, if they conducted trade or business during those years, and if their employers were in operation during either qualifying year.

No matter if the business owner received assistance through the Paycheck Protection Program (PPP), refunds can be up to $28,000 per employee. Many businesses had previously chosen the PPP. However, IRS regulations have made it more accessible to all businesses.

GL Digital, a Phoenix-based digital content marketing company and enterprise software provider dedicated to small business support, endorses ERTC Today. GL Digital offers small business resources such as tax consultation and advice on domain names, social media management software, webinar tools and video hosting platforms.

Interested parties can find more details at http://localrecoveryhelp.com