The ERTC Worcester Experts
The official reports state that "Small businesses are the backbone of the Greater Worcester economy." And we're experts at helping them!
Focused solely on maximizing your refundable claims for the Employee Retention Tax Credits with a simple process that requires less than 15 Minutes of your time.
We also help businesses claim ERC tax rebates in Bridgeport, New Haven, Stamford, Hartford, Boston, Waterbury, Providence and Springfield
Worcester Employee Retention Tax Credit
Worcester business owners remember having a choice between the PPP and the ERTC. This “knowledge” translates into them knowing that they are not eligible for the ERTC. Obviously, they do not apply.
As PPP loan could be forgiven many chose them over the ERTC. However, in December 2020 the Consolidated Appropriations Act (CAA) enabled small businesses access to both programs for 2020 and 2021. And in March 2021 the American Rescue Plan Act (ARP Act) extended the CARES Act and thus the amount Worcester business owners could be missing out on because they falsely believe that they are not eligible for the ERTC.
Here are a few of the changes that impact your eligibility and how much you will receive
*CARES Act
*Consolidated Appropriations Act (CCA)
*Taxpayer Certainty and Disaster Tax Relief Act (Relief Act)
*American Rescue Plan Act (ARP Act) and then each has a number of notice:
- After March 12, 2020 and before January 1, 2021 – Notice 2021-20PDF, Notice 2021-49PDF and Revenue Procedure 2021-33PDF
- After December 31, 2020 and before July 1, 2021 – Notice 2021-23PDF, Notice 2021-49PDF and Revenue Procedure 2021-33PDF
- After June 30, 2021 and before October 1, 2021 – Notice 2021-49PDF and Revenue Procedure 2021-33PDF
- After September 30, 2021 and before January 1, 2022 – Notice 2021-49PDF and Notice 2021-65PDF
↘ Most frequent questions and answers ↙
The Employee Retention Tax Credit
Funded by the
CARES Act
Originally created to encourage businesses to keep employees on the payroll as they navigate the unprecedented effects of COVID-19.
Up to $26,000 Per W-2 Employee
Full Time and Part Time Employees Qualify. The ERTC program is a refundable tax credit for business owners in 2020 and 2021.
Free, No Obligation Pre-Qualification
By answering a few, simple, non-invasive questions our team can determine if you qualify. There is no cost or obligation to be pre-qualified.
Why Choose ERCT Fund by HM Optimisation?
☑ Guaranteed To Maximize Refundable Credits For Local And Small To Medium Sized Businesses
☑ So Easy That Your Entire Commitment Is 15 Minutes
☑ No Upfront Fees To Get Qualified - 100% Contingent On Your Refund
☑ Audit-Proof Documentation For IRS Support
☑ No Other CPA Firm Offers The 15 Minute Refund™
If you employ more than 5 and less than 500 W-2 employees YOU WILL QUALIFY
With six million people living within a 50-mile radius, unique opportunities exist in Worcester for dynamic business growth.
The ERTC was not widely used until March 2021, when the American Rescue Act changed IRS regulations and millions of businesses were now eligible for both the PPP and ERTC program by amending their Quarterly Form(s) 941. If your business was affected by the Covid - 19 pandemic don't hesitate to apply for the ERTC Tax Rebate.
No Restrictions - No Repayment
Businesses who applied for and received PPP funds could now also claim ERTC credits. ERTC credits could be retroactively claimed for businesses that qualified in 2020. ERTC credits were extended through 9/30/21 with lower qualification requirements. The per-employee cap on qualifying wages increased from $10,000 for all of 2020 to $10,000 per quarter for the first 3 quarters of 2021. The refundable credit amount increased from 50% of qualifying wages in 2020 to 70% in 2021. So the short answer is “Yes” . . . you can claim ERTC even if you received PPP funds.
↘ Most frequent questions and answers ↙
Worcester businesses don’t need to return the ERTC nor submit a proof of how they used the money
The ERTC Program provides you with a refund or a tax credit, but it is not a loan program. The money can be used in any way you like. You don't have to repay it. This service is available only from a single CPA firm that specializes in taxation, and has partnered up with HM Optimisation.
Applying for the ERTC is free - Worcester businesses pay after receiving their claim
A short quiz of 10 questions can be taken on the HM Optimisation site to find out if you qualify for a rebate. It is completely free and without obligation. There is no proprietary information.
ERTC can be claimed retroactively - now
You could be eligible for a significant rebate, regardless of how many people you have retained on their workplaces in each quarter of 2020 and 2021. It only takes a minute to find out and it's completely free.
Here Are The Most Recent Successful Claims
Find Out What Our Accounting Professionals Can Secure For Your Business Today
• Business Consulting Firm in Newport Beach, California, 19 W-2 Employees; $44,960 Credit
• Presentation Design Agency in Nashville, TN, 19 W-2 Employees; $162,979 Credit
• Montessori School in Addison, Illinois, 35 W-2 Employees; $175,000 Credit
• Restaurant in Houston, Texas, 80 W-2 Employees; $400,000 Credit
HOW DOES THE ERC TAX PROCESS WORK?
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Complete the Questionnaire - Start with the 10 simple questions on this site to begin your claim.
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Upload Data - Upload your 941 returns, PPP loan documents, and raw payroll data on our secure portal.
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Credit Calculation - We calculate the credit you can receive from the IRS.
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Application Package - We will prepare and help you file the 941-X Amended payroll returns.
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Get Paid - The IRS will process your credit and mail you a check.
Your time investment will be under 15 minutes – guaranteed.
Begin Your Claim - Answer 10 Questions
What you should know about ERTC retroactive termination guidance?
Notice 2021-65 lists the conditions required to avoid a failure deposit penalty. In an example, an employer must also:
1. Make sure they’ve made deposits for the repaid amounts before a certain date.
2. Report the tax liability on the applicable Employment Tax Return and Schedule.
Funded by the CARES Act*
Originally created to encourage businesses to keep employees on the payroll as they navigate the unprecedented effects of COVID-19.
IMPORTANT REMINDER: Even if you got both PPP Loans... businesses are STILL qualifying and receiving sizable ERTC refunds. Apply Today!
These are just some of the business problems we can help with. Contact us today!
*DISCLAIMER* This content is intended for educational purposes only and is not intended as legal advice. It should not be considered a substitute for professional legal advice. This information may not reflect current legal developments and may be modified without notice. It is not guaranteed to always be correct, complete, up-to-date, or accurate.
With The ERTC Tax Rebate You Can Get Up To $26K PER EMPLOYEE