Heros ERTC has announced an update to its pre-qualification check process for hospitality industries who want to make sure they make IRS audit-proof retroactive claims for the ERTC (employee retention tax credit.)
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Restaurants and hotels who want to be reimbursed for keeping their W-2 employees on payroll during the pandemic years can now get help from Heros ERTC to find out if they qualify for the ERTC. The CPA also assists businesses in making IRS-compliant claims.
For more information, please visit: https://herosertc.com/heroic-business-owner/
While the deadline for the 2020 tax periods passed on the 15th of April 2024, businesses in the hospitality industry still have until the 15th of April 2025 to claim up to $21,000 per W-2 employee for 2021 tax periods. Heros ERTC's team of licensed accountants only specialize in making audit-proof ERTC claims and have secured billions of dollars for small businesses across the US.
"Regardless of the benefits of ERTCs, the process can be very confusing, especially with the complexity of tax codes and qualifications. That's where we come in," a spokesperson for the company said.
According to a 2022 report from the American Hotel & Lodging Association and Kalibri Labs, hotel industry revenue was estimated to be down by 23% from 2019, or $20 billion. Furthermore, ABC News reported that the food service and restaurant industry lost $120 billion due to the pandemic in 2020 alone.
As pointed out by Heros ERTC, many businesses are not aware that they are eligible for the tax credit due to the many misconceptions revolving around the incentive. For example, the CPA explains that businesses with PPP loans can still apply for the ERTC as the credit is not a loan. Heros ERTC can also help clients understand the regulations around revenue loss and growth, highlighting that it's still possible to qualify even if revenue went up between 2020 and 2021.
To get started, business owners can fill out a quick online form. The no-obligation questionnaire has only non-invasive questions and will give clients an idea of how much they can claim. Once eligibility has been established, three CPA teams will review the application to ensure that it's optimized and in compliance with IRS regulations.
A previous client shared his testimonial: "Our restaurant had a phenomenal experience working with the team at ERTC Express.
In less than three weeks, we discovered we were eligible for over $400k in tax credits! I still can't believe this is real!"
Additional details can be found at: https://herosertc.com/heroic-business-owner/
Contact Info:
Name: Peter White
Email: Send Email
Organization: Heros ERTC
Address: 2340 East Main Street, Cushing, Oklahoma 74023, United States
Website: https://herosertc.com/
Source: PressCable
Release ID: 89129277
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