Action Line: Small Business Owners can Recoup some of their Added Expenditures with the ERC, under the CARES ACT! Even if they Participated in the PPP Program!

Feb 10, 2023 at 09:15 am by WGNS News



Our Action Line guest on WGNS was Jake Robinson, a small business consultant and a Financial Advisor Fiduciary. Robinson talked about homeownership, paying off your house Vs. financing a house, saving money and MOST IMPORTANTLY, helping small business owners recoup money they lost during the COVID Pandemic, even if you did or didn’t participate in the PPP program.

Today, Jake talked about the ERC Program (Employee Retention Credit) that will help to allow small business owners recoup some of the funds they may have lost during the COVID-19 Pandemic. The program is for all small businesses, even the businesses that received PPP Funds under the CARES Act. In other words, just because you received money during the pandemic in the form of the PPP (Paycheck Protection Program), it definitely doesn’t mean that you can’t receive funds through the ERC Program.

 To learn more or to find out if your business can receive the ERC tax credit – Click Here.

Examples of what Jake Robinson’s company will look at to see if your small business qualifies is:

When you talk to Jake, tell him that you heard about this program on WGNS Radio!

Information links:
Forbes article about ERC:  
https://www.forbes.com/sites/deanzerbe/2022/02/15/employee-retention-credit---still-the-one-the-latest-update/?sh=11214ac551b8
 
Bloomberg Article about ERC:
 https://news.bloombergtax.com/tax-insights-and-commentary/six-misconceptions-about-employee-retention-credit-eligibility
 

Jake's Contact Information:
EMAIL: jake@terrawealth.com
PHONE: 615-249-4523

Tags: accountant accounting Cares Act Covid Pandemic COVID-19 Employment Retention Credit ERC ERC program Jake Robinson pandemic Paycheck Protection Program PPP tax credit TerraWealth
Sections: Action Line Podcasts