Financial News
2024 COVID-19 Tax Relief Claim Assistance for Hotels & Restaurants Announced
LP Consulting has expanded its claim assistance and qualification check services for hotels and restaurants who want to file an application for the ERTC in 2024.
Monroe, United States - July 31, 2024 —
Restaurants and hotels who want to find out if they’re eligible for the ERTC (Employee Retention Tax Credit) can now find out if they qualify and how much they can claim with LP Consulting’s assistance. The CPA provides expert advice on compliance and claim optimization.
To learn more, please visit: https://get26k.com/
The ERTC is a type of COVID-19 financial relief for small to medium-sized businesses that were affected by the pandemic, like restaurants and hotels. LP Consulting only specializes in the ERTC, helping businesses in the hospitality industry navigate the complex process and claim as much as $21,000 per W-2 employee.
“You won’t find us preparing income taxes, compiling financial statements, or providing attestation services of any kind,” a company spokesperson said. “When you engage us, rest assured that you’ve hired the best CPA Firm to lock in this one-time opportunity for a large refund check from the IRS.”
The ERTC has gained much media attention due to the amount of improper and fraudulent claims. In 2023, the IRS issued warnings of frivolous ERTC marketers, a moratorium, and a moratorium to look into the backlog of claims, and has so far denied over $1 billion in refunds. During the audit, the agency found that only 10-20% of all claims were low-risk, whereas the remaining 80-90% need further eligibility investigation, underlining the importance of pre-qualification checks before submitting an application.
Businesses that missed the deadline for 2020 tax periods still have until the 15th of April 2025 to file the claim for 2021 tax periods. Considering an early survey from the National Restaurant Association suggested that the restaurant and food service industry lost up to $120 billion in the first three months of the pandemic, the tax credit can be a much-needed aid for businessowners who are still recovering.
To begin the process with LP Consulting, businessowners need to fill out a no-obligation form which takes about fifteen minutes. The CPA will assess eligibility based on the non-invasive questions, and three teams of accountants will review any claim before sending it to the IRS to ensure compliance.
Those interested can find more information at: https://get26k.com/
Contact Info:
Name: Leonard Palmer
Email: Send Email
Organization: LP Consulting LLC
Address: 3648 Gruber Rd, Monroe, Mi 48162, United States
Website: https://get26k.com/
Source: NewsNetwork
Release ID: 89137224
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