Profitopia Helps Small Businesses Secure Thousands of Dollars with the New 2021 Employee Retention Credit

TUCSON, Ariz., Feb. 26, 2021 /PRNewswire/ -- The Internal Revenue Service is implementing the 8,000 page 2021 Covid-19 CARES Act that was rushed out by Congress on December 21, 2021.A  Buried in the bill is a great financial relief package for U.S. small businesses a?? the 2021 CARES Act Employee Retention Tax Credits (ERC).The 2021 CARES Act ERC provides small businesses and organizations payments up to 70% or $14,000 of an employee's wages for retaining employees through the first half of 2021.A  To be eligible for the 2021 Employee Retention Tax Credit, employers have to demonstrate that they incurred at least a 20% decline in gross receipts compared to 2020.A  Small businesses, non-profit organizations, churches and schools up to 500 employees are eligible.To assist small businesses navigate through the complex ERC Act, the national accounting firm, Profitopia, is providing free consultations to small businesses and organizations to help them determine if they are eligible for the program.A  The calculations for qualifying and determining employee retention credits are complicated.A  Profitopia's accountants are experts in the 2021 CARES act Employee Retention Tax Credits.A  They are trained in all specifics of this unprecedented legislation.A  Kevin Marshall, CPA, President, Profitopia. believes the ERC Act, is the "best financial shot-in-the arm to help small businesses thrive during the economic challenges of the pandemic.A  The ERC is free money for small businesses a?? it does not require repayment."At no cost or obligation to a small business or organization, Profitopia, will analyze a business' eligibility and calculate their potential cash refund.A  If a business or organization elects to retain Profitopia to file their ERC Tax Credit, the accounting fee is not due until the business receives their money from the US government.A  There is no risk or cost for US small businesses or organizations to get their free consultation.
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