The recent update sees Cottage Digital Media provide owners of bars and restaurants in and around Chinatown, Los Angeles with dedicated Employee Retention Tax Credit (ERTC) support that enables them to claim up to $26,000 per employee.
More information is available at https://ertcrecoveryaid.com/
As part of its no-cost, no-obligation service, the consultancy has partnered with a team of CPA accountants that has developed a short pre-qualification check to determine if a business is eligible for funding under the ERTC program, and how much money they could be owed.
The financial repercussions of the pandemic continue to cause disruptions, especially for businesses in the hospitality industry that lost income due to COVID shutdowns. However, while government programs such as Paycheck Protection Program (PPP) and ERTC became available, many business owners mistakenly believed they were ineligible, or that they had missed out on potential funding. Cottage Digital Media is raising awareness of these programs by helping businesses in and around Chinatown, Los Angeles claim their ERTC rebates.
A spokesperson for the consultancy said, “We are focused solely on maximizing your refundable claims for the Employee Retention Tax Credits with a simple process that requires less than 15 minutes of your time.”
By offering its service at a no-cost, no-obligation basis, the consultancy’s team will review a business’s circumstances during the ERTC program’s eligible periods in 2020 and 2021. This assessment will encompass the number of employees they had during this time, any declines in their revenue from pre-pandemic levels, and any associated supply chain issues.
Businesses that qualify for the program will then receive ongoing support for filing their ERTC application from the team of specialist CPAs, which will collate the relevant application paperwork needed, and provide clients with IRS-proof documentation for any future audits.
Past applications facilitated by Cottage Digital Media have brought over $400,000 for a restaurant with 80 eligible W-2 employees and over $100,000 for a company that had 19 W-2 employees during the period covered by the ERTC program.
Digital Cottage Media’s services are available throughout the Los Angeles region, as well as for businesses across the entire West Coast, including California, Oregon, and Washington.
Interested parties can find more information by visiting https://ertcrecoveryaid.com/
Cottage Digital Media
380 Maple Street
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Daily Jaipur journalist was involved in the writing and production of this article.