New Website Helps COVID Startups Apply for Huge Tax Credit

New Enterprise Credit is now serving to companies qualify for the Restoration Startup Enterprise Program

Not many enterprise homeowners have heard in regards to the Restoration Startup Enterprise Credit score. Now, a brand new web site exists to assist them declare it.

BOCA RATON, FLORIDA, UNITED STATES, November 29, 2022 /EINPresswire.com/ — Small enterprise homeowners who based their operations in the course of the COVID-19 pandemic now have a direct path to making use of for a little-known however substantial tax credit score created only for them.

ERC Advantages, which focuses on serving to companies file for the Worker Retention Credit score (ERC), publicizes the launch of newbusinesscredits.com, an internet site for serving to startup enterprise homeowners qualify and apply for the Restoration Startup Enterprise Credit score (RSBC).

Via the RSBC, eligible startups that started operations between February 15, 2020 and September thirtieth 2021 can obtain as much as $100,000 in a one-time tax refund from the IRS.

When the ERC was created by the 2020 Cares Act there was no aid for companies that began operations in the course of the pandemic.

There have been 1000’s of small enterprise homeowners who invested their time and monetary sources to open their new enterprise in 2020 and 2021. These homeowners quickly discovered themselves struggling to stand up and operating and even after they opened, they had been battered with shutdowns and restrictions. These new enterprise homeowners had been devasted with no aid in sight.

In July of 2021, answering the decision of recent enterprise homeowners throughout America, Congress handed the American Rescue Plan Act. The ARPA launched the Restoration Startup Enterprise Credit score. This Covid-relief credit score was particularly enacted to assist enterprise homeowners who began their new enterprise in the course of the Pandemic.

As a result of many startups cannot take full benefit of the ERC – as a consequence of its qualification necessities – the RSBC affords them particular provisions, and is even simpler to qualify for.

Via newbusinesscredits.com, companies that opened on or after February 15, 2020 retained not less than two non-family W2 staff, and averaged lower than $1 million in annual gross income can qualify for a refund of as much as $50,000 per quarter in wages they paid in Q3 and This autumn of 2021.

Even higher, the RSBC is faster and simpler to use for than the ERC. Simply by answering a couple of questions on the New Business Credits site, enterprise homeowners can immediately obtain an estimate of their return. ERC Advantages says most RSBC purposes may be able to file in lower than one week, and homeowners can have their checks from the IRS in three to 4 months.

Sadly, most new enterprise homeowners don’t even learn about this essential COVID aid.

“When the Worker Retention Credit score grew to become public information, everybody jumped on it,” says Jay Feilen, Chief Income Officer at ERC Advantages. “And why not? It was big! However the RSBC wasn’t obtainable on the time and even after new laws added the RSBC, it was not broadly publicized. A variety of new enterprise homeowners are actually lacking out on this cash, so now we have made it our mission to coach new enterprise homeowners in regards to the Restoration Startup Enterprise Credit score.”

You’ll be able to see if your enterprise qualifies for the Restoration Startup Enterprise Credit score in lower than 5 minutes at newbusinesscredits.com – and when you have questions, representatives are standing by to take your name.

Steven Ivans
ERC Advantages
+1 334-202-2302
email us here