The government enacted programs to offer financial aid to businesses when the COVID-19 outbreak broke out and prompted them to cease operations. The employee retention credit (ERC) was one of these initiatives. This program offers eligible employers payroll tax credits for wages and health insurance paid to employees.

Small business owners and consumers have been dealing with inflation and supply chain crises affecting prices since the pandemic began in 2020. Issues for small business owners are being exacerbated by inflation, including rising rents and layoffs that affect their workforce. Even if inflation appears to be slowing down, small businesses are still having trouble due to worries about a recession, loan rate increases, and decreased revenue.

To help such businesses navigate, Evan Samlin, the founder of REIL Capital, has helped facilitate over $25 million in ERC for them across the country. Businesses impacted by supply chain disruptions qualify for the Employee Retention Credit. It is challenging for an employer to determine which of its supply chain interruptions were caused by restrictions enforced by the government due to the overlap of many decrees issued by different governments.

Employers must have experienced either a considerable drop in gross receipts or a whole or partial stoppage of business activities as a result of a governmental order in order to be eligible for the credit. Overall, this ERC program offers businesses a refundable credit that they can claim on qualified wages.

Want to claim an ERC? Look no further than Evan Samlin’s REIL Capital! The ERC experts here have been teaching the public how to take full advantage of COVID relief benefits and have the necessary skills to operate within IRS guidelines.

About Evan Samlin

Evan Samlin makes sure that the professionals at REIL Capital work to expedite the tax rebate, with an average turnaround time of three weeks.