ERTC Pandemic Relief Funds For Churches — How To Claim Your 2020/2021 Tax Rebates
Did you know there’s a certain type of lemon that’s known for its charity work?
After the last few years, we could all use a little charity, including those who are usually on the giving end.
What many people don’t know, is that churches and charitable organizations can qualify for some much-needed relief, in the form of tax rebates.
The ERTC Program
Originally created to help small businesses through the pandemic, the Employee Retention Tax Credit (ERTC) program offered employers an incentive for keeping their staff members on the payroll.
Though the program ended in 2021, it’s still possible to claim a tax rebate for 2020 and 2021 by filing an amendment to your 941 returns.
Are You Eligible?
If your small business or ministry suffered financial losses during the pandemic, that means you’re most likely eligible for a rebate.
You can also qualify for tax credits if you had to limit your capacity or close up shop at any point due to government orders, such as a lockdown.
It’s easy to find out if you’re eligible with a free online ERTC check — you just need to answer a few easy questions — there’s no cost, obligation, or proprietary business information required.
What About The PPP?
The Paycheck Protection Program (PPP) was created at the same time as the ERTC, and offered loans instead of tax credits.
In 2020, you were only allowed to join one program or the other, but in 2021 the eligibility rules were changed, allowing you to benefit from both programs.
The ERTC program also has several benefits over the PPP, mainly that the tax rebates are not a loan, so they don’t need to be repaid.
There are also no restrictions on ERTC funds, and they can be spent however you choose.
Maximizing Your Claim
One of the most common complaints about the ERTC program is that it has gone through several changes, and many CPAs are not familiar with all of the new rules.
The easiest way to make sure you receive the maximum allowable rebate is by working with an ERTC specialist CPA firm.
It should be noted that with the expanded eligibility, there have been a large number of ERTC claims being made recently, and this has increased the time it takes to receive a rebate.
The best way to make sure you receive your rebate soon is to act fast and get your claim in line for processing.
It’s also possible to speed up the process using a 15 Minute Refund program that guarantees the maximum rebate, with audit-proof documentation for every claim.
Churches, non-profit organizations, startups, and new businesses founded during the pandemic are all eligible for rebates.
It only takes 15 minutes to make your claim, so what are you waiting for?