Your Business May be Eligible for $26,000 Per Employee from the IRS
The Pemberton UEZ has been made aware of a potentially significant compensation program that the IRS is providing to businesses that were impacted by the COVID-19 business slowdowns and shut downs during the pandemic.
A business may be eligible for up to $26,000 per employee if they meet the following criteria:
- Your business had a partial government closure to operations due to COVID (ex. restaurants 50% indoor dining)
- Your business had a decline in revenue per quarter when compared to 2019 (50% for 2020 or 20% for 2021)
There are firms that will provide assistance if you find the IRS process is daunting. The following link directs access to a Google search that provides companies and/or attorneys experienced with this matter that may be able provide assistance needed and help you through the process.
Employee Retention Credit assistance and information.
[Disclosure: Pemberton Township does not promote specific vendors, please conduct your own research before accepting assistance from a third-party vendor]