ERTC Tax Credit Rhode Island
The ERTC Experts
Maximizing the Employee Retention Tax Credit for Rhode Island Businesses
The US government has authorized an unparalleled stimulus, and yet billions of dollars will go unclaimed. If you or someone you know are one of the many Rhode Island businesses that have not claimed this tax credit yet, fill out the simple form below to get started and let the ERTC expert team handle everything from start to finish.
Qualifications & Eligibility
Determining your eligibility for the ERTC can be a daunting process involving complex calculations even most CPAs find unbearable. That’s why we specialize only in helping Rhode Island businesses with their ERTC claims.
We can communicate with your CPAs, do all the calculations, tell you exactly how much you qualify for to the penny, and even file it on your behalf.
Why Choose ERTC FUND?
Find out what our accounting professionals can secure for your business today
These are just some of the businesses we’ve helped in the past 30 days.
Business Consulting Firm in Newport Beach, California, 19 W-2 Employees;
Presentation Design Agency in Nashville, TN, 19 W-2 Employees;
Restaurant Ownership Group in Florida, 224 W-2 Employees;
Restaurant in Houston, Texas, 80 W-2 Employees;
Montessori School in Addison, Illinois, 35 W-2 Employees;
HOW DOES THE PROCESS WORK?
Most frequent questions and answers
The Coronavirus Aid, Relief, and Economic Security Act (also known as the CARES Act) was signed into law on March 27, 2020. It included two programs to assist businesses with keeping workers employed: the Payroll Protection Program (PPP) administered by the Small Business Adminstration and Employee Retention Tax Credit (ERTC) administered by the Internal Revenue Service.
Initially with the CARES Act, employers could choose to apply for PPP or claim ERTC credits, but not both.
Noteworthy modifications for business owners included:
ERTC credits could be retroactively claimed for businesses that qualified in 2020.
ERTC credits were extended through 9/30/21 with lower qualification requirements.
The per-employee cap on qualifying wages increased from $10,000 for all of 2020 to $10,000 per quarter for the first 3 quarters of 2021.
The refundable credit amount increased from 50% of qualifying wages in 2020 to 70% in 2021.
So the short answer is “Yes” . . . you can claim ERTC even if you received PPP funds.
Unlike the Payroll Protection Program (administered by the Small Business Administration), there is actually no “application process” for the Employee Retention Tax Credits.
Even though you may feel like revenue is back to normal, there are some items you want to consider before passing on this ERTC assessment.
But that’s the extent of it.
If you want a second set of eyes on this, we’re happy to take a look.
The Million Dollar Question is . . . Do They Have The Time?