Get More Free Gov't Stimulus Money

How to Get More Free Gov't Stimulus Money

As a business owner, you want to take advantage of all the government stimulus money you are entitled to. These Employee Tax Credits or ERC's come in the form of a refund check from the United States Treasury. Many New York businesses qualify for ERC stimulus money and don't even know it. It's not too late to get your hands on tens of thousands of dollars if you qualify.

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Attention business owners and HR professionals, you may be eligible for more free stimulus money and not know it. Until recently employers were only eligible for one of two options from the Cares ACT.

But a new change means there’s more relief available for your business. We can help you get your hands on more free stimulus money in addition to your PPP loans.

Before December 2020 employers were only eligible for either a paycheck protection program loan (PPP loan) or an employee retention credit (ERC).

Most companies got the PPP loan, and they were done. But that is no longer the case. In late December Congress enacted a new law allowing eligible employers to qualify for both stimulus options.

So, even if you got a PPP loan you can still go back and apply for these payroll tax credits for wages you paid between March 13, 2020, and December 31, 2020. Your business can qualify for these ERCs by meeting one of two criteria.

The first criterion is a reduction in gross receipts of 50%. Most businesses didn’t use this criterion to qualify.

However, the second criterion is what most businesses use. If your operations were partially or fully suspended due to government-ordered shutdowns. This is what most New York businesses used to qualify.

So, if your business was affected by stay-at-home orders, there’s a good chance your business is eligible. For the calendar year 2020, it boils down to this: You may be eligible for an additional $5,000 per employee.

And you will get this money as a refund check from the IRS after filing an amended 941 form. The extra money can make a huge difference for you and your business.

At Baron, we’re proud to say, “We made our clients aware of this opportunity, and then provided them with a full turnkey solution.” Baron did all the calculations for them. We gave them all backup documentation and we prepared and filed all the amended returns with the IRS.

Baron helped their clients get millions in extra stimulus money that most business owners knew nothing about. With so much financial hardship during the pandemic, it was nice to deliver some good news!

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Find out if you qualify for more free stimulus money.
Baron will provide a turn-key solution for your business to apply.

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