Bottom Line Concepts, a leading cost reduction consulting firm, is announcing a program to help businesses maximize their claims under the federal Employee Retention Credit (ERC) Program. Bottom Line Concepts specializes in increasing the profitability and overall valuation of their clients’ organizations by identifying areas for operational cost reduction in domains such as taxes, shipping, employee benefits, credit cards, accounts payable, utilities, and unclaimed property.
More details can be found at: https://tinyurl.com/2p9b3ed4
ERC is a stimulus program designed to bolster businesses that were able to retain their employees during the pandemic. Established by the CARES Act, it is a refundable tax credit for small and mid-sized businesses, based on qualified wages and healthcare paid to employees. ERC advisors at Bottom Line Concepts help clients determine their eligibility for business tax credits and maximize their refund.
According to the U.S. Small Business Administration, roughly 99.9% of all American companies are small businesses. Given that nearly half of all U.S. employees are employed by a small business, there is a crucial need for firms like Bottom Line Concepts that can help small businesses run more efficiently and find savings to reinvest in themselves and their employees.
Through the ERC Program, businesses can claim up to $26K per employee. The tax credit refund is available for all four quarters of 2020 and for the first three quarters of 2021. The refund can be used by businesses for any purpose.
Businesses qualify for the refundable tax credit if a government authority required a partial or full shutdown of their business during 2020 or 2021. This includes business operations being limited by commerce, an inability to travel, or restrictions on group meetings. Businesses also qualify for the ERC program if there was a gross receipts decline of over 20% when compared to the same quarter in 2019.
In addition to helping clients determine their eligibility for the ERC program, the firm’s consultants analyze their business claims and file the requisite paperwork.
This latest announcement of the ERC Program initiative aligns with Bottom Line Concept’s continued commitment to excellence as a leading and innovative cost-reduction consulting firm that is dedicated to increasing profitability, enhancing valuation, and reducing costs for its clients’ businesses.
A satisfied customer said: “Bottom Line Concepts opened our eyes to creative solutions we never could have envisioned on our own.”
Interested parties can find more information by visiting: https://tinyurl.com/2p9b3ed4
Bottom Line Concepts
3333 NE 163rd St,