If you’ve experienced a decrease in quarterly revenue in 2021 or last year, the Employee Retention Tax Credit (ERTC) could provide you with significant tax savings.
Also, if a government order required you to cease or partially suspend operations during 2020, you could potentially be eligible to receive these tax savings. Highlights of the ERTC include:
Refundable Credit – The credit amount that is claimed is the dollar value you are entitled to receive. The amount you receive is not limited by the amount of tax paid.
This applies to Companies Big and Small From Virtually All Industries
Claimed on Quarterly Basis – The credit is claimed on Forms 941 filed every quarter. You don’t have to wait until next year to claim a credit for expenses incurred in 2021. You can also amend prior quarter Forms 941 for previously unclaimed credit.
BRAYN Consulting provides a no-cost Phase 1 Analysis to determine eligibility and provide an estimate of the tax benefit available.
¤ BRAYN Consulting LLC is a niche consulting firm empowering businesses with specialty tax incentives. Our team of experts collaborates with your CPA firm to maximize your tax benefits. Together, we drive your business prosperity.
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