The CARES Act of 2020 included several pandemic relief fund programs for business owners in Connecticut and Rhode Island, but after having the requirements amended several times, many employers were left unsure if they are eligible for tax rebates. HM Optimisation has partnered with a firm of specialist CPAs to launch a new assessment tool that can determine a company’s eligibility with 10 simple questions.
To learn more about ERTC claims or to take the eligibility test, please visit https://erctfund.com
The recently launched eligibility test can be paired with the 15 Minute Refund program, a service that is only available from a single firm of ERTC specialist CPAs. Eligible employers will receive a link to a secure server after completing the eligibility assessment, where they can complete their claim with a time commitment of 15 minutes or less.
Employers who have already enrolled in the Paycheck Protection Program (PPP) are still eligible for tax rebates through the ERTC, because of amendments made to the programs in 2021. While the PPP is a loan program, ERTC tax rebates are not. They do not need to be repaid, and the program places no restrictions on how they can be spent.
Eligible businesses may claim as much as $26,000 in rebates per W-2 employee, for wages paid in 2020 and 2021. To qualify, a business must have suffered financial losses during the pandemic, or been closed for business temporarily because of a government restriction, such as a lockdown.
The 15 Minute Refund program is guaranteed to maximize rebates for small to medium-sized businesses and is open to any company with 5 to 500 full-time employees on average. New businesses started during the pandemic may also be eligible for up $100,000 in rebates if they have two or more employees.
Startups and non-profit organizations can also claim tax rebates, including churches, schools, hospitals, and performing arts centers. There is no cost or obligation to take the HM Optimisation eligibility assessment, and no charge to any business unless they are eligible for and claim a rebate.
Organizations that recently made use of the 15 Minute Refund program include an ESL school that claimed a rebate of $111,150 and a dental practice that claimed $125,867.
To take the no-cost eligibility test or begin the 15 Minute Refund program, please visit https://erctfund.com
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