Experts from Financial Match explain Employee Retention Credit (ERC)
Businesses experienced unparalleled challenges due to the pandemic, ranging from supply chain disruption, mandated limitations to operations, increase of costs, and revenue reductions in certain instances. ERC (Employee Retention Credit), part of The Coronavirus Aid, Relief and Economic Security (CARES) Act, was designed to help businesses recover from those various devastating challenges they faced.
What many business owners do not know is if their business experienced any (not all) of these difficulties and had W-2 employees in 2020 or 2021, they may be eligible to amend their 2020 and/or their 2021 tax returns to receive a cash refund of up to $26,000 per employee.
Financial Match is a tax credit advisor and fintech platform, offering expertise and access to ERC optimization and submission support for U.S. business owners.
They have built a network of certified public accounts to work with businesses to obtain the highest reasonable amount of eligible credit in the shortest time frame possible. ERC submissions are challenging due to the complexity of the laws, and many professionals, including accountants and CFOs, often do not have the expertise to navigate the process.
Financial Match has a team of experts dedicated to assessing these credits, assembling the proper documentation and partnering with experienced CPAs that calculate the maximum reasonable credits for clients. Support is provided to draft complicated filings quickly, so that the cash credits are issued in the shortest time frame possible.
“These days, companies are looking to capitalize on every opportunity to weather financial storms,” says Joshua Ghazal, Financial Match’s President. “We give business owners, no matter what industry or state they’re in, the chance to successfully utilize and maximize government programs that offer up to $26,000 of cash credits per employee. That’s a huge infusion of cash right when inflation is sky high, and a massive recession might be looming around the corner. This program is a no-brainer for qualified businesses everywhere.”
Their team prides itself on obtaining results at a remarkably quick pace, faster than much of the competition, all without compromising the quality of their service. Unlike many competitors that use offshore contractors or tax preparers, Financial Match provides clients access to a network of professional licensed certified public accountants to assist with all of their client’s complex tax credit needs.
In addition to its team of ERC experts, Financial Match provides clients white-glove onboarding liaisons to make the necessary document collection and filing preparation as hands off for its clients as possible.
“Our goal is to focus on all our clients ERC needs so that they can focus on running their business. Our ability to help business owners has been so powerful and motivating. Just last week we submitted a file to the IRS for a $1.19 million dollar credit for a mechanical supply company with 68 employees in Cyprus, Texas,” says Jose Gonzalez, a Financial Match advisor.
Obtaining Employee Retention Credit is a must for businesses that qualify. Partnering with Financial Match allows companies to optimize their credit amounts and navigate the complicated and labor-intensive Cares Act. Financial Match has quickly become a leading ERC advisor and preferred partner to small businesses.
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