Claiming the Employee Retention Tax Credit

Are you interested in claiming the Employee Retention Tax Credit for your business?

The remaining deadlines for eligible businesses to claim the Employee Retention Credit (ERTC) with their quarterly Form 941 tax filings are Oct. 31 and Dec. 31, 2021. Business tax filers will need additional payroll data and other paperwork to file for the ERTC with their quarterly returns.

Businesses who file an original Form 941 return with the ERTC credit included versus those clients that have us go back after the fact and file an amended Form 941-X return to claim the credit could have a quicker turnaround time. Turnaround time when having to file an amended return from the IRS is 90 to 120 days whereas when filing an original return, the turnaround is 30 to 60 days.

Interested in claiming the Employee Retention Tax Credit but unsure if your business is eligible? Let the professionals at Anderson, Adkins & Company in Evans, Georgia help to determine your eligibility and begin to advise you on the required documentation to submit to the IRS before the quarterly deadlines. Remember, the faster an eligible business files, the faster they will receive funds.