ERTC GOV Encourages Business Owners To Start Filing

Carmel, IN based ERTC GOV is encouraging business owners across the nation to claim their ERTC tax credits before the deadline runs out. ERTC GOV was established to help small businesses navigate the complex Employee Retention Tax Credit (ERTC) process and get the highest possible return on their claims. Learn more Here: ERTC Filing.

The ERTC program was established by the Coronavirus Aid, Relief, and Economic Security Act (also known as the CARES Act), and it is meant to provide a credit to business owners based on qualified employee wages and health plan expenses paid after March 12, 2020 and before Oct 1st, 2021. In the time since it was established, the ERTC has proven itself quite useful for business owners across the country. The program is especially beneficial in that, while the tax credits are only applicable for the Covid period, business owners are still able to retroactively claim their tax credits.

ERTC GOV says, “If you are a small business owner and you have kept your employees on your payroll throughout the pandemic, you might already be aware that you qualify for the ERTC tax claims. What you might not be aware of is that if you have not had the chance to apply for it, you still have time, and you can apply for the tax credit that you are due. However, do keep in mind that time is running out!”

According to ERTC GOV, for all quarters in 2020, the deadline to apply for the ERC is April 15, 2024, and for all quarters in 2021, the deadline is April 15, 2025. The instructions on the form state that: “Generally, you may correct overreported taxes on a previously filed Form 941 if you file Form 941-X within 3 years of the date Form 941 was filed or 2 years from the date you paid the tax reported on Form 941, whichever is later. You may correct underreported taxes on a previously filed Form 941 if you file Form 941-X within 3 years of the date the Form 941 was filed. We call each of these time frames a “period of limitations.” For purposes of the period of limitations, Forms 941 for a calendar year are considered filed on April 15 of the succeeding year if filed before that date.”

As the company explains, this means that while the Form 941 for the second quarter of 2020 was originally due on 7/31/2020; the third quarter was due three months later on the 10/31/2020; and the fourth quarter another three months later on 1/31/2021, all of those returns are considered filed on 4/15/2021, thereby setting the three-year statute of limitations for amending any of those returns as 4/15/2024. Learn more here: https://ertcgov.com/commonquestions.

The company says, “While a lot of small business owners are eligible for the ERTC, a lot of them haven’t applied for the tax credit because the process may seem a bit complex or complicated. The intention of ERTC GOV is to make sure that more business owners across the United States are aware of the program and the claims that they are due and to make sure that they can apply for the program. The ERTC GOV website has been designed to make things simple, straightforward, effective, and efficient. Business owners can use our website to start their claim without any issues, and any questions or concerns they may have about the process, we are here to help with those as well.”

The ERTC program is stable and has been around for a while. Since ERTC GOV started operating in January of 2022, they have helped more than 35,000 business owners with their ERC claims.

The ERTC GOV website maintains a vast array of resources for small business owners who want to learn more about the Employee Retention Credit and the other programs associated with the CARES Act. Business owners can also easily start their ERTC claims through the website.

The ERTC GOV team encourages interested parties to get in touch with them directly for any questions or concerns about the process. Social media users can find the company on Facebook: https://facebook.com/ertcgov.