Business Funding Source – Does Your Business Qualify For A Recovery Startup Business Employee Retention Credit (ERC) Payroll Tax Refund

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By Tim Connolly, CEO and Founder of Corporate Strategies, LLC

Recovery start-up businesses (including churches, schools, and non-profits) can receive up to $100,000 in funding through the Recovery Startup Business Employee Retention Credit (ERC) Payroll Tax Refund Program. See if your business qualifies for this little-known CARES Act benefit, and learn one of the best ways to get your funds.

Did you, or do you know any entrepreneurs, who dared to start new organizations during the height of the COVID epidemic? Qualifying businesses have received up to $100,000 in funding under the Recovery Startup Business Employee Retention Credit (ERC) Payroll Tax Refund Program. Funding is available for qualifying churches, schools, non-profits, and for-profit businesses.

One of the lesser-known CARES Act benefits for small businesses and non-profits is the COVID Recovery Small Business and Non-Profit funding program. This opportunity resulted from Congress enacting legislation specially directed at Recovery Startup Businesses who created new jobs that grew payrolls in 2021.

Recently the IRS has clarified the definition of a “Recovery Startup Business” (RSB). Churches, schools, and non profits are included as eligible for funding. Under the clarification notice, the IRS specified that an RSB employer must:

  • have started carrying on their trade or business after 15, 2020
  • have average annual gross receipts averaging under $1 million for the three tax years preceding 2021
  • not be otherwise eligible for the ERC due to suspended operations or a gross receipts decline

A Recovery Startup Business or Non-Profit can qualify for up to a maximum of $50,000 of ERC tax refunds per quarter for the third and fourth quarters of 2021. Qualifying businesses can receive up to $7,000 per employee per quarter, with a maximum of $50,000 per quarter for the third and fourth quarters of 2021, for a total of $100,000 in payroll tax refunds

To assist businesses in getting all the funding they are entitled to,  Corporate Strategies, LLC. has developed a streamlined qualification analysis, application, and filing process. This includes a team of small business funding experts legal, accounting, and tax professionals to provide the guidance and skills necessary for complete IRS compliance. Corporate Strategies is a merchant banking, business funding, and business expansion consulting company with over 39 years of experience and is not a newly formed company spending millions on advertising. .

More information and a preliminary qualification application can found at:

https://corporate-strategies.net/erc-refunds/

Business owners seeking more information can also call:

(713) 621-2737

or email:

[email protected]

Corporate Strategies understands the unique elements of qualification for the ERC Tax Refund by businesses, religious organizations, schools, and non-profits. The company was fully involved with the CARES Act legislation before it passed. Their principal owner has in-depth knowledge of the Senate distribution list of the CARES Act and its many amendments. This first-mover knowledge of the CARES Act provisions enabled their clients to quickly obtain PPP, PPP2 loans, EIDL loans, and Employee Retention Tax Credit Refunds totaling many millions of dollars – all before many other service providers even knew the details of qualifying under the law.

Corporate Strategies has developed a unique body of knowledge to accurately qualify diverse types of organizations for the maximum legal tax refund. This experience analyzing the provisions of the CARES Act and the hundreds of pages of IRS documents on how to qualify and document ERC Tax Refunds has resulted in tax refunds ranging from $70,000 to $2,900,000. Much of this funding was for parties previously informed by tax professionals that they did not qualify for the ERC Tax Refund program.

Corporate Strategies (https://corporate-strategies.net) is a leader in the private lending and real estate investment community. The company achieved this by successfully financing small to medium-sized businesses and startups (SMBs) that have been rejected by conventional banks. They actively invest in commercial real estate acquisitions, development, private lending for bank non-renewal of business loans, and personal lender asset-based financing.

Since February 2020, Corporate Strategies has also assisted businesses, churches, and non-profits in receiving CARES Act emergency funding through PPP loans, EIDL loans, ERC payroll tax refunds, and Recovery Startup Business funding.

This one-of-a-kind program represents a golden opportunity to secure funding for the right business, church, school, or non-profit.

About The Author

Tim Connolly is CEO and founded Corporate Strategies Merchant Bankers in 1989. Tim and the

The corporate Strategies team has extensive public and private company experience in US and

International Merchant Banking, creating unique non-bank funding solutions for SMBs and leading turnaround operations teams in the USA, Canada, and the European Union.

Corporate Strategies (https://CSBankers.com) is a leader in the private lending and real estate

investment community. The company achieved this by successfully financing small to medium-sized businesses and startups (SMBs) that have been rejected by conventional banks.

They actively invest in commercial real estate acquisitions, development, private lending for bank non-renewal of business loans, and private lender asset-based financing.

Since February 2020, Corporate Strategies has also assisted businesses, churches, and non-profits in receiving CARES Act emergency funding through PPP loans, EIDL loans, ERC payroll tax refunds, and Recovery Startup Business funding.

Tim has been a nationally syndicated radio commentator and guest on CNBC, ABC, NBC, and other business and political news programs.  He holds Business, Marketing, and Business Administration undergraduate and Masters degrees from Texas A&M University, College Station, and Canyon, Texas.

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