Unlock critical money for your small business through the CARES Act Employee Retention Credit (ERC). The ERC is a COVID era program targeted to small business owners to relieve financial hardships caused by the COVID-19 pandemic. Many small businesses across industries faced changes in their day to day operations that negatively affected revenue. The ERC was created to relieve those small businesses, who stayed in operation, and more specifically retained their employees. The CARES Act provides eligible small businesses who either saw a significant decline in gross receipts OR had a nominal and provable (through written government guidance) impact on their business operation with up to $21,000 per employee to offset wages paid over the pandemic.
The world of the ERC has changed significantly since the program's inception, making it more and more difficult for small businesses to determine whether or not they qualify and if they do, how to properly file for it.
VerAleo has filed 200+ small business ERC claims and has tax experts with the necessary expertise to navigate the complicated tax credit. The complexity and confusing rhetoric around the tax credit is leaving many small business owners questioning whether or not exploring their ERC eligibility is worth it. VerAleo stands firm that any small business who identifies with having seen a decline in gross receipts or had a nominal impact on business operations should talk to a proper tax expert about their eligibility. The benefit of exploring your eligibility as a business owner could be game-changing.
