Final Deadline: Small Businesses Must Claim ERTC Credit Before April 15, 2025

[Walnut, CA] – [February 21, 2025] – Small and medium-sized businesses have until April 15, 2025, to submit claims for the Employee Retention Tax Credit (ERTC), a federal health crisis relief program designed to support businesses that retained employees during the health crisis. After this date, unclaimed tax credits will no longer be available, marking the final opportunity for eligible businesses to receive financial relief through this program.

The ERTC, introduced as part of the CARES Act in 2020 and later expanded, has provided billions in refundable tax credits to businesses affected by the health crisis. However, a significant portion of eligible businesses have yet to file claims, leaving substantial financial assistance unclaimed.

Common Misconceptions About ERTC Eligibility

Despite the availability of these funds, many business owners have not pursued their claims due to misunderstandings about eligibility. Key misconceptions include:

Eligibility is based solely on revenue loss: Businesses affected by supply chain disruptions, government restrictions, or staffing shortages may still qualify.

Businesses that received PPP loans cannot apply: Legislative updates now allow businesses that obtained Paycheck Protection Program (PPP) funds to also claim ERTC.

The application process is too complex: Simplified application procedures have been implemented to facilitate claims.

Advice from accountants or bookkeepers ruling out eligibility: Some financial professionals may not be fully informed about recent updates to the ERTC program.

Concerns about IRS audits or compliance risks: Proper documentation and compliance measures help mitigate risks associated with filing claims.

Potential Financial Impact for Businesses

Eligible businesses can receive up to $21,000 per employee retained in 2020 and 2021, with the average claim amount estimated at $150,000. Unlike loans, these credits do not require repayment, providing a financial boost for businesses still recovering from health crisis-related challenges.

Deadline and Next Steps

The IRS has set April 15, 2025, as the final deadline for businesses to file ERTC claims. After this date, any unclaimed funds will no longer be accessible. Business owners who have yet to determine their eligibility are encouraged to seek guidance from qualified tax professionals or ERTC specialists to assess their potential claims.

For further information on the ERTC and assistance with filing, visit FileMyERTCRebate.com or contact:

Tom Harper

FileMyERTCRebate.com

[email protected]

+1-909-979-1950

File My ERTC Rebate
[email protected]
+1 909 979 1950
340 S Lemon Ave
Walnut
California
91789
United States