Nov 20, 2023
Growth Management Group (GMG) has announced new resources to assist US businesses in determining their eligibility for the Employee Retention Tax Credit (ERTC) and applying for qualifying refunds. The announcement comes in light of increased interest in the ERTC due to recent IRS updates. While a moratorium has slowed down the processing of new claims, GMG emphasizes that businesses can still apply for the ERTC. However, they emphasize the importance of working with experienced CPAs and tax professionals to ensure eligibility and avoid making unjustified claims prompted by unscrupulous marketing companies. GMG has extensive experience in helping businesses access eligible tax refunds and utilizes a strict eligibility check. The company highlights the eligibility criteria for the ERTC, stating that businesses must have experienced either a full or partial shutdown due to COVID-19 or a 50% or more decline in gross receipts in any quarter of 2020. For 2021, businesses must have experienced a full or partial shutdown or a more than 20% decline in gross receipts in any quarter. GMG offers an online ERTC calculator and encourages businesses to visit their website for more information and potential refunds.
New resources from Growth Management Group help US businesses determine ERTC eligibility and apply for qualifying refunds.

Fenton, United States - November 20, 2023 /PressCable/ —
Growth Management Group is announcing new solutions for US businesses looking to apply for the ERTC. An experienced tax consulting company with over 19 years of experience, GMG offers complete solutions - from eligibility assessment to ERTC application.
More details can be found at https://gmg.me/news/employee-retention-tax-credit-news-release/134697
The announcement follows increased interest in the ERTC as the IRS has issued a series of new updates. The current moratorium significantly slows down processing of new claims - but, contrary to a popular misunderstanding, it does not mean that application is no longer possible, explains Growth Management Group.
The IRS moratorium and the ensuing guidelines signal the need for businesses considering applying for the ERTC to work with expert CPAs and tax professionals to determine eligibility and ensure their claims are qualified. A significant problem has been the growing numbers of claims made at the pressure of unscrupulous marketing companies making unjustified promises to businesses who either did not qualify for the ERTC, or only qualified for a smaller refund.
Growth Management Group has extensive experience helping businesses across sectors access eligible tax refunds, and uses a strict eligibility check to ensure each business they work with qualifies for the ERTC.
As part of its latest update, the Group raises awareness of the eligibility criteria for the ERTC.
“For 2020, businesses must have either experienced a full or partial shutdown of operations during the year because of COVID OR had a 50% or more decline in gross receipts in any quarter,” explains the company. “You do not have to have experienced both of these qualifications but rather one or the other to qualify. For 2021, businesses must have either experienced a full or partial shutdown or a more than 20% decline in gross receipts in any quarter.”
For more information on eligibility and potential refunds, visit https://gmg.me/pages/the-clock-is-ticking-erc/134697
Growth Management Group helps businesses across sectors determine their ERTC eligibility and file their ERTC application.
A free online ERTC calculator is available at https://gmg.me/134697
Contact Info:
Name: Jan Koegel
Email: Send Email
Organization: Growth Management Group
Address: 15173 North Rd Suite 200, Fenton, Michigan 48430, , Fenton, Michigan 11204, United States
Website: https://gmg.me/pages/the-clock-is-ticking-erc/134697
Source: PressCable
Release ID: 89113796
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