When the federal government started rolling out pandemic relief programs in 2020, employers were given the option of getting funds under the ERTC or the Paycheck Protection Program (PPP) mechanisms. Following the recent amendments to the ERTC program, companies can now claim ERTC rebates even if they have already received a PPP loan, using an updated application launched by Ampifire and Brian Anderson.
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The PPP was immensely popular when it was first announced because it provided immediate relief in the form of small loans, prompting many employers to choose it over the ERTC program. The recently launched application service allows those employers to claim tax credits as well, which, unlike the PPP loans, do not need to be repaid, and have no restrictions on how they can be spent.
Allowing employers to benefit from both relief programs is only one of several amendments made to the ERTC program since it was announced. The program is also now open to companies with up to 500 full-time employees on average, as well as non-profit organizations and startups.
A special category was also created for new businesses founded during the pandemic, after February 15, 2020. Recovery Startup Businesses can qualify for up to $100,000 in rebates if they have gross receipts of less than $1 million, and at least one employee who is not a family member, or 50% owner.
Business owners can determine if they are eligible for rebates by taking a no-cost, no-obligation assessment on the Ampifire website. It requires no proprietary business information, can be completed in approximately one minute, and asks 10 simple questions.
Eligible companies may claim up to $26,000 in rebates, per W-2 employee. To make the claim process faster, Ampifire has partnered with a team of ERTC specialist CPAs to provide a 15 Minute Refund program, which provides each employer with the guaranteed maximum allowable rebate, and audit-proof documentation for IRS support.
Recent satisfied clients of the 15 Minute Refund program include a business consulting firm with 19 employees in Newport Beach, CA, that qualified for a rebate of $44,960. The specialist CPAs have also helped a restaurant ownership group in Florida to qualify for $1,120,000 in rebates, for 224 W-2 employees.
To take the no-cost eligibility assessment, or to learn more about claiming ERTC rebates, please visit https://fountainpr.com/wordpress
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