How To Calculate Employee Retention Tax Credit for Your Restaurant in 15 Mins

Posted by PRC Agency
16
Dec 5, 2024
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Simple Process for ERTC Claims

Did you know that you could claim a thousand in a tax refund if your restaurant or bar were affected by the pandemic? Heros ERTC helps you calculate your rebate and files the claim for you!

Calculate your refund here: https://herosertc.com/heroic-business-owner/

On Heros ERTC’s website, you can fill out a 15-minute online form to check if you're eligible for the ERTC (Employee Retention Tax Credit) and begin the application.

Claim $21K Until April 2025

Businesses that were affected by capacity restrictions, full or partial shutdowns, or remote work orders may be eligible for the ERTC, given that they kept W-2 employees on the payroll during the restrictions. As most, if not all, US restaurants and bars were affected by restrictions, it's very likely that you qualify.

However, many are still unaware of the tax rebate. In fact, 75% of businesses that the CPA has successfully secured a refund for did not know that they were qualified.

If you paid qualified wages in Q1, Q2, and Q3 of 2021, you can still claim up to $21,000 per employee retroactively until the 15th of April 2025.

Unlike other tax credit and accounting firms, we focus exclusively on ERTCs. Our team consists of experienced Employee Retention Tax Credit specialists who will help you navigate the system and discover opportunities to help you maximize your claim,” a company spokesperson said.

Restaurant Industry Losses

According to a CNBC article, sales volume levels in the restaurant and food service industry were down to 2014 levels by the end of 2020. Aside from significant job losses, the industry had $240 billion less in sales than had been projected for the year.

How the Calculation Process Works

To determine eligibility, Heros ERTC reviews your finances and gross receipts for 2019-2021, analyzes PPP loans, and collaborates with your payroll firm to collect all the documents necessary. The team also puts together documents to highlight how the pandemic affected your business, helping the IRS make a decision in your favor.

Heros ERTC offers guidance and support throughout the claim process, answering any questions about eligibility.

A restaurant owner shared their experience: “In less than three weeks, we discovered we were eligible for over $400,000 in tax credits! I still can't believe this is real!

Fill out the free online form to check your eligibility here: https://herosertc.com/heroic-business-owner/

Heros ERTC City: Cushing Address: 2340 East Main Street Website: https://herosertc.com/
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