Did you know one of the most common misconceptions about New York is the belief that there’s a 24-hour subway service?
It’s actually 12-hour because it only works half the time.
Jokes aside though, one real misconception – that’s costing New Yorkers a whole lot of money – is the belief that you can only claim ERTC rebates if you didn’t get a PPP loan.
The truth is, you can have both, and it only takes a few minutes to apply.
In 2019, there were over 2 million small businesses in New York, with companies that have less than 100 employees making up 98% of the state’s economy. Most of those small businesses are now eligible for tax rebates through the Employee Retention Tax Credit (ERTC) program and can claim their rebates with only a 15-minute time commitment, using a new application from Ampifire.
Visit https://fountainpr.com/wordpress to claim your tax credits, it’s easy.
The new application process is called the 15 Minute Refund program, and it is only available from a single firm of ERTC specialist CPAs, which has partnered with Ampifire. The program is open to any small or medium-sized business, non-profit organization, or startup.
To qualify, your business must have fewer than 500 full-time employees on average and have suffered losses during the pandemic. Losses can be shown either through a significant decline in revenue compared to the same fiscal quarter of the previous year, or through time spent closed due to a government order, such as a lockdown.
Your business may also be eligible if you remained open but had to operate at a reduced capacity. This can include requirements to limit the total number of customers at any one time, or having to close certain portions of your business, such as a restaurant that closed its patio or had to offer takeout only.
Eligible businesses can claim up to $26,000 per W-2 employee in rebates, and the 15 Minute Refund program guarantees the maximum rebate for each client. The program also includes audit-proof documentation with each claim, prepared by the team of ERTC specialist CPAs.
Companies that have already enrolled in the Paycheck Protection Program (PPP) and received a loan can also claim tax credits after amendments were made to the program with the passing of the Consolidated Appropriations Act. Unlike the loans offered by the PPP, ERTC rebates are one-time tax credits that do not need to be repaid and have no restrictions on how you can spend them.
To begin a claim, you can use a no-cost, no-obligation assessment tool, available on the Ampifire website. With 10 simple questions, it will determine if your company is eligible, and provide you with a link to a secure server where you can get help from ERTC specialist CPAs to complete your claim.
If there are two things New Yorkers are good at, it’s grabbing an opportunity when it presents itself and knowing a good thing when they see it. This kind of opportunity doesn’t come around often, so take advantage of it while you can.
Visit https://fountainpr.com/wordpress to take a free eligibility test, or to learn more about the ERTC program.