Financial Match, a B2B consultant company, is alerting the public that the ERC Tax Credit will be decreasing, urging small businesses to act soon and take advantage now while they can still get the maximum benefit of $26,000 per employee.
BOCA RATON, FL, January 25, 2023 /24-7PressRelease/ — Financial Match, a B2B consultant company, is alerting the public that the ERC Tax Credit will be decreasing, urging small businesses to act soon and take advantage now while they can still get the maximum benefit of $26,000 per employee. The assistance program launched by the consultant company will help small businesses nationwide apply for Employee Retention Credits (ERC); on average, these applications amount to $200,000 each.
The ERC credits are set to decrease in October 2023 as many small businesses seek to take advantage of the money being offered that does not need to be repaid. The ERC credits are not loans, there are no upfront fees, and no credit checks are required to apply. Important criteria to note is that companies can qualify if they have experienced any of the following problems: revenue reductions, shutdowns, or supply chain reductions.
Confusion continues to cloud many prospective applicants, deterring them from taking advantage of the $26,000 allotted to each W2 employee under the IRS’ ERC program according to Financial Match’s executive team. Business owners were unaware that their businesses qualified for the program due to misinformation from their CPA’s driving Financial Match to launch this important program.
Many companies and business owners are unaware that if they have received the Paycheck Protection Program (PPP) loan, a different form of government aid, it does not prevent them from still qualifying for ERC Credits. There is no cap on refunds; a 50-employee business can get up to $1.3 million.
“ERC seemed too complicated. I didn’t think I’d qualify since I took PPP. However, Financial Match really came through for us. They got us over $200,000 in less than 60 days. I used the money to upgrade our facility and now I think we will make it through these next few turbulent years,” said Robert S. facility owner of CarStar Collisions LLC.
While some new clients have received payments in as little as 60 days, the typical time is five to nine months. It is a welcome relief in the ERC industry to know that Financial Match will not collect payment until the client has received theirs. The consultant company only charges clients a reasonable fee once the tax credit has been received.
The most common questions that businesses have can be answered by taking the 60 second pre-qualification quiz on the Financial Match ERC page linked below. Businesses will be able to find out their ERC Credit amount for free.
About Financial Match
Founded in Boca Raton, FL, Financial Match is a leading national business advisory practice that thrives on creating meaningful relationships with businesses. The company works with a network of expert CPAs who assist clients in quantifying and filing for ERC Credits and other bottom line enhancing grants.
To learn more about Financial Match and applying for the ERC program, please go to www.financialmatch.com.
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