March 03, 2023 at 17:08
ERTC GOV is helping nonprofit organizations claim the ERTC credits they may be missing out on due to misguided financial advice.
The ERTC (Employee Retention Tax Credit), established by the CARES (Coronavirus Aid, Relief, and Economic Security) Act of 2020, gives business owners a credit based on qualified employee wages and health plan expenses paid after March 12, 2020, and before Oct 1st, 2021. Many small- and medium-sized businesses across the country are being guided by their bankers, CPAs, or financial advisors regarding the ERTC claims process, similar to how they handled applying for PPP (Payroll Protection Program) funds. However, there is a disconnect between the provisions in the ERTC nonprofits can apply for and the advice they are getting.
The spokesperson for ERTC GOV, Mark Sullivan shines a light on the problem by saying, “If you are running a nonprofit, your financial advisor or bookkeeper may have told you that your organization is not applicable for receiving ERTC credits. This is completely false. Though they may be well-meaning and competent at what they do, it is safe to say that employment tax compliance might be a topic that is out of their wheelhouse. Just like you were eligible for PPP funds, you may also qualify for receiving ERTC credits. Moreover, unlike what the poorly named government program suggests, ERTC is not a tax credit. Once your application is processed, the funds are available to you via a check or direct deposit. There are also no limitations on what you can do with them. You don’t even have to pay them back! Call us today and we can help you understand and claim the ERC nonprofits like yours all over the nation are receiving and putting to good use.”
ERTC GOV specializes in helping nonprofits get the money that they deserve. Unlike other financial services providers that also offer ERTC services, ERTC Gov was founded with the sole purpose of helping small business owners benefit from the government program. The company does not provide any other tertiary services such as preparing income taxes, compiling financial statements, or providing attestations. The company’s partners even have the distinction of conducting a solution session on ERTC for the American Institute of Certified Public Accountants.
As long as a nonprofit had W-2 employees during the pandemic, they can qualify for the ERTC credit. When the ERTC launched, the government made available up to $5,000 per employee between 12th March 2020 and 31st December 2020. In 2021, it increased to $7,000 paid per employee per quarter for Q1, Q2, and Q3. Moreover, while earlier there was a potential of $5000 per employee, it was later increased to up to $26,000 per employee in total between 2020 and 2021.
Mark then talks about why ERTC Gov’s services are the best option for nonprofits by saying, “When you finally decide to claim ERTC credits for your nonprofit and start looking for someone to help you file the claim, you will run into several fly-by-night ERTC firms that popped up in 2022 trying to cash in on this opportunity. You are not only going to receive substandard service at such firms but their lack of knowledge and experience might also mean that you miss out on getting every dollar that the government has set aside for you. At ERTC GOV, we have 3 separate CPAs who independently calculate their claims. Before sending it off to the client for approval, the claims are cross-checked to ensure your ERTC credits are maximized. They have to agree on the ERTC credit without consulting one another. When you come to us, you are getting the best tax professionals working together on your case. Find out more here: ERTC Nonprofit Qualify.”
Nonprofit owners and administrators can get started by simply heading over to ERTC Gov’s website and filling out a simple questionnaire with non-invasive questions. Visitors will receive their pre-qualification numbers within 20 minutes after which the company’s team of expert CPAs thoroughly analyzes the claim. There is no cost or obligation to be pre-qualified.
As a final appeal to nonprofits, Mark shares his perspective on the government’s intent behind the ERTC. He says, “The ERTC stimulus money was earmarked for helping nonprofits and businesses who kept paying W2 employees despite the hardships brought on by the pandemic. We understand that the honest and ethical American business owner might say, 'I don't want to take money that might be needed by someone else.' This is a false perception. In fact, on the contrary, it's the financially stable and high-profit companies that will end up taking advantage of the ERTC and deplete taxpayer money, just because they have the resources to do so. Their financial advisors are 'in the know' and helping them apply for funds that they don’t even need. So, we at ERTC GOV have the desire to get this money into the hands of hard-working nonprofits who are working to make life better for the disenfranchised. Let's get this money into organizations that are actually helping the world rather than those exploiting it. Doesn’t that seem like a better use of it?”
For more information about ERTC GOV, contact the company here:
1950 Greyhound Pass #118-19
Carmel, IN 46033