The Employee Retention Tax Credit could be the key to your restaurant’s survival. Our expert team is standing by to help you get the funds you need with zero risk, even if you don’t think you qualify.
We all remember when COVID-19 shut down the economy almost overnight.
Restaurants were some of the hardest hit small businesses out there.
And even in 2021, you’re still working with high labor costs and thin profit margins, and then…
You lose staff to illness, quarantine, and financial emergencies…
You get hit with shutdowns and have to operate at a fraction of your capacity…
Your patrons can’t get to you because of government mandates or are just plain scared to come out at all…
Suddenly, cash flow is crashing and it’s all you can do to keep the doors open and provide a paycheck to as many of your people as possible.
The Restaurant Revitalization Fund, PPP, and EIDL have all run out of funds.
But as of right now, there’s still one program offering help for restaurant owners.
The Employee Retention Tax Credit (ERTC) is an amazing option. It can put cash in your hands and help your restaurant survive this pandemic and economic disaster.
- You don’t need to be profitable to get huge benefits from this program, because the ERTC is a payroll tax credit, not an income tax credit.
- You can get as much as $5,000 per employee, in 2020 and $7,000 per employee, per quarter for qualified wages in 2021
- You can potentially get hundreds of thousands in refundable tax credits that you never need to pay back
- You can get instant relief from payroll taxes, keeping that cash in hand rather than sending it to the IRS every time you run payroll!
- You can even get an advanced check from the IRS if your credit exceeds the taxes you’re offsetting.
- You don’t need to have been shut down to qualify. You can qualify if you were only partially shut down, if your vendors were shut down, or even if you remained open but your sales dropped sufficiently year over year.
- You can qualify for this credit, even if you claimed PPP, PPP2, or RRF funds.
When this pandemic finally comes to an end, there are going to be just two kinds of restaurants … those that survived and those that didn’t.
The ERTC can put your restaurant squarely in the survivor category, but only if you take action before the funds run out.
Remember, the RRF and PPP programs didn’t end neatly on a predetermined date. They slammed to a halt when they ran out of funds, leaving thousands standing in line without help.
So, how can you keep your restaurant afloat and keep your staff employed and paid…?
Reach out to the Mewes Group today to find out how much you qualify for and exactly how the process works.
Even if you don’t think you qualify for the ERTC…
Even if you already received funds from the PPP, the PPP 2, or the RRF…
Even if you have NO IDEA where to start…
Our expert team will walk you through everything, step by step.
File all the required forms and compile documentation to back it all up
Connect you to our system for a painless application process
Provide full support in the event of an audit (because the IRS is reviewing COVID programs extra closely, and you don’t want to do this on your own or rely on an accountant that isn’t an absolute expert in these tax credits).
We’ve already helped small businesses and restaurant owners just like you claim millions of dollars worth of these credits.
- We’re here to help you save your restaurant at zero risk to you.
- Your ROI is 100% guaranteed and you won’t pay a single penny unless we help you secure funds (our fee is based on a % of funds).
- Don’t risk funds running out, click the link below to book your free consultation and take the first step toward saving your restaurant.
Can I get ERTC funds if I already got PPP?
Now here’s the crazy thing. When you go to the IRS webpage it says you can’t take the PPP and the Employee Retention Credit. Whuh? So how is that possible.
Well, you might not even notice this on the webpage, but the IRS has a note that says “This page is not current”.
And Congress passed a law recently that said you can do both. And then the IRS followed up with 200 pages of regulations confirming as much.
So yes – you can get both!
Wouldn’t my CPA tell me if I qualified for this?
I’ve personally had many conversations with CPAs, accountants, and attorneys alike walking them through the IRS rule book because they read the out of date IRS webpage and assumed their clients didn’t qualify.
And that’s why so many accountants refer this work to us.
Can I just file this on my own?
With enough time and effort and familiarity with the tax code and overlap with other aid provisions like the PPP and Restaurant Revitalization Program you can figure this out.
If you have a strong tax, accounting, legal, and research background and are comfortable with forms I say go for it.
Most of our clients come to us because they aren’t comfortable doing this on their own and are looking for a team with extensive experience navigating the IRS guidance and rule book.