Sharing Knowledge to Power SMBs
There’s still time to claim Employee Retention Credit funds in the form of tax credit refund2 from 2020 and 2021
It’s tax season: the time of year when we focus on the income, payroll and deductible expenses of the previous twelve months.
But this year it can be worth your while to look even further back—all the way back to 2020, when COVID began impacting virtually every business. In response to the pandemic, federal legislation was enacted to help employers keep employees on the payroll during the business downturn.
The ERC: a misunderstood and underexploited source of refunds1
That legislation resulted in the Employee Retention Credit (ERC), part of the American Rescue Plan2, — is a federal tax credit designed to help small business owners. ERC refunds1 don’t need to be repaid and can be used for any purpose2.
Many small businesses may qualify1 for up to $26,000 per W-2 employee1 (excluding W-2 business owners), in ERC refunds2 in the form of a tax credit and possible refund2—but less than 25% of businesses who may qualify1 have filed for their ERC assistance.
There are several reasons:
- The ERC filing3 process can be complex and time-consuming
- Changing eligibility requirements have resulted in confusion
- Many CPAs and payroll firms are unfamiliar with the ERC or its eligibility1 requirements
The ERC is another source of future cash in the form of tax credits2 for your business—and we don’t want Behalf’s valued customers to leave any of it on the table.
Making it easy2 to claim your ERC refunds1 in the form of a tax credit and possible refund1
The calendar may read 2022, but you can still claim your Employee Retention Credits retroactively for 2020 and 2021. You may file amended Form 941s for up to three years after each quarter—even if you’ve already filed for 2020.
Sound complicated? Behalf is making the ERC filing3 process simple.
We’ve teamed up with Adesso Capital to offer expedited ERC filing services for Behalf customers. Adesso has a team of financial and tax experts who specialize in the ERC filing3 process.
The Adesso ERC team will3:
- Quickly assess and or estimate the amount of possible ERC refunds1 for which your business may qualify1 for
- File for your ERC tax credit and possible refund1 on your behalf, handing all the paperwork
- Monitor the progress of your ERC filing3 with the IRS, providing updates until your business receives your ERC refunds1 in the form of a tax credit and possible refund1
Take advantage of this outstanding opportunity
Adesso’s ERC team has helped thousands of small businesses across the U.S. secure tens of millions of dollars in ERC refunds1. And we’ve negotiated a 30% discount on any fees3 -an exclusive deal for Behalf customers! Make sure you claim yours—click here to put Adesso’s experts to work for you today.
1Qualification or Eligibility to be accepted by Adesso for assistance in filing for tax relief under the services of the Internal Revenue Service (IRS) (Adesso Services) will be evaluated directly by Adesso. Separate acceptance and approval of your amended tax filing by the Internal Revenue Service (IRS) is required. Behalf nor Adesso can guarantee IRS relief with The Employee Retention Credit (ERC). See https://adessocapital.com/ for important terms and conditions and information on fees and discounts associated with using Adesso.
2In a 10 minute phone call, Adesso’s certified public accountants (CPAs) will evaluate the potential eligibility of you business to work with Adesso as your Agent in filing for relief on the behalf of your business (“Adesso Services”) in the form of tax credits with the IRS for the ERC as authorized under the Section 2301 of the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”), the Taxpayer Certainty and Disaster Relief Act of 2020 enacted December 27, 2020 (the “Relief Act”), and the American Rescue Plan of 2021 enacted March 11, 2021 (“ARP Act”) or collectively the (“Relief Laws”). The ERC is a fully refundable tax credit for employers. Behalf nor Adesso can guarantee IRS relief. Please visit www.IRS.com and consult your tax advisor for more information.
3Adesso’s services, including agreements and disclosures will be given directly by Adesso before or at signing, and any request made through Adesso must also be submitted to and approved by the IRS. Relief under ERC may be limited or subject to an expiration date. There is no cost to you to request relief under the Relief Laws. Allowing Behalf to refer you and your business to Adesso Capital does not limit you from requesting relief or comparing the costs of other services. Contact Adesso Capital directly at 888-268-6010 for assistance with the full details of their services and any application of the discount of their fees.
Behalf is only making this offer available and is not responsible for services provided by Encore Capital Finance, Inc. dba Adesso Capital (“Adesso”), including fees or discounts or advertisements. This blog is for informational purposes only and does not constitute financial advice. Any reference to a web site of another party, do not constitute or imply the endorsement.