Publicidad
Publicidad

Más contenido relacionado

Publicidad

Funding Resources Presentation.pptx

  1. Specializing in Maximizing ERC Funding for Small Businesses.
  2. Table of Contents 1. Defining the Employee Retention Credit 2. How do you know if a business is eligible? 3. How does the ERC process work? 4. Why Funding Resources? 5. Most Relevant Industries for ERC
  3. Defining the Employee Retention Credit (ERC) So, what is ERC? ERC is a stimulus program designed to help businesses that were able to retain their employees during the Covid-19 pandemic. Established by the CARES Act, it is a refundable tax credit – a grant, not a loan – that your business can claim. ERC is based on qualified wages and healthcare paid to employees. x Significant Returns Up to $26,000 per employee $6-10K per W2 if PPP 1&2 $10--15K per W2 if PPP1 $15-26K+ per W2 if NO PPP Multiple Years Available Available for 2020 & 2021 Gov Funds Available No limit on funding Many Ways to Qualify Qualify with decreased revenue OR partial/full shutdown of business operations
  4. How do you know if a business is eligible? Even if your business did not have a revenue reduction or was deemed essential…. You can still qualify for ERC! Change in business hours Partial or full suspension of operations Shutdowns of supply chain vendors Reduction in services offered Reduction of operations A disruption in your business (division or department closures) Suppliers were unable to make deliveries of critical goods *There are many qualifiers that are not defined herein. The above are a few examples for illustration purposes. Spacing restrictions due to social distancing Reduction in workforce Inability to visit jobsite Change in job roles/functions Limitation of travel and/or group meetings More than nominal impact to any significant category of your business Inability to visit client’s job site
  5. How does the ERC process work? LEAD Identify Prospective Clients, Share ERC Opportunity and Contract ONBOARD Start client their ERC journey CALCULATE Preparation of the Client Data Package SIGNOFF Client Attestation & 941x Signoff SUBMIT 941x Filed with IRS and Refund Tracking REFUND Claim processed and Refund Check Received
  6. Why work with Funding Resources? All of our Claims Specialists are Certified Public Accountants CPAs Ave refund amount is larger than most in Industry $300K ERC Our focus area is Exclusively Employee Retention Credits “I didn’t even know ERC existed until Funding Resources reached out. And I’m grateful they did. Our ability to keep our doors open and feed our community has been challenging. Having this ERC refund was truly a lifesaver!!” $760,000 Refund “I had heard of ERC for several months and was adamant that we did not qualify. Nor did I even have the time to inquire. The team at Fundng Resources took care of everything. They were professional, explained all my options and helped me from start to finish. We are no longer worried about missing out on this very helpful credit.” CEO of publicly traded company $1.3M Refund Restaurant Owner $12.5M Refund Plumbing Contractor “I thought I didn’t qualify since I had Well over 500 employees until the guys at Funding Resources showed us that we did qualify due to having many part-timers on payroll. Thankfully they were persistent or it would have been a costly mistake.”
  7. Most Relevant Industries for ERC Bars Car Washes Contractors and Construction Companies Dry Cleaners Food and Beverage Wholesalers Electricians Franchisees Cannabis Gyms Healthcare Providers Hotels Moving Companies Restaurants Retailers Senior Living and Retirement Communities Sports Facilities Nursing Homes *Most businesses qualify. The above are for example purposes.
  8. Let’s See if Your Business Qualifies? Begin Qualifying
Publicidad