Philadelphia Restaurant ERTC Tax Rebate Application 2022 CPA Service Expanded
Cottage Digital Media and ERTC specialist accountants have launched a partnership to help restaurant and bar owners across Philadelphia and surrounding areas claim the maximum credit. New amendments to the Employee Retention Tax Credit (ERTC) program have allowed previously excluded employers to claim rebates.
The new partnership between Cottage Digital Media and ERTC specialist accountants was formed to help restaurant and bar owners across Philadelphia and surrounding areas maximize their ERTC rebate.
More information can be found by visiting https://ertcrecoveryaid.com
The latest announcement helps local owners of restaurants, bars, entertainment facilities, or movie theaters who received funds from the Paycheck Protection Program (PPP) but could not qualify for ERTC. Amendments to the program in 2021 have now allowed these formerly excluded employers to be accepted even if they received PPP assistance. The new qualification assessment on the Cottage Digital Media ERTC site allows restaurant owners to claim a rebate of up to $26,000 per W-2 employee.
The no-cost assessment includes 10 simple questions that determine the eligibility of an employer’s business and requires no proprietary business information.
To be eligible, employers must have been impacted by the pandemic, which includes, but is not limited to, losing the use of their dine-in facilities, being open for reduced hours, or having a reduced indoor capacity. Another stipulation is having at least five W-2 employees who are not immediate family members.
After completing the assessment, eligible employers will receive a link to a secure portal where they can complete their ERTC claim and receive their rebate. This step involves uploading 941 returns, PPP loan documents, and raw payroll data, for the specialist accountants to calculate the maximum allowable tax credits.
Business owners who have already filed their 941 returns for 2020 and 2021 are still eligible for rebates, and the ERTC specialist accountants can assist them in filing an amendment to make their claim. Unlike the PPP, tax rebates are not a loan and they do not need to be repaid. There are also no restrictions on how tax rebates can be spent.
The program is also open to restaurants and bars operating in Ohio, Michigan, Virginia, California, and Illinois with less than 500 full-time staff on average.
A spokesperson representing the partnership said: “Take advantage of this new COVID-19 employee retention credit while it’s available. If your business has been affected by the pandemic, you will qualify.”
Interested parties can find out more at https://calendly.com/cottagedigitalmedia/one-to-one
Name: Patti Keitzman
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Organization: Cottage Digital Media
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