Covid-19 Relief Claim for Restaurants: ERTC Pre-Qualification Assessment Updated

LP Consulting LLC has updated its pre-qualification assessment process for restaurants that want to find out if they’re eligible for the ERTC (employee retention tax credit.)

In light of recent reports of an accelerated deadline to retroactively claim the ERTC for both 2020 and 2021 tax periods, LP Consulting wants to encourage more restaurant owners to file their applications before the chance to claim this unprecedented stimulus passes by. Those who want to find out how much they can claim can begin by filling out the simple 15-minute no-obligation form on LP Consulting's website for a professional qualification check.

Those interested can learn more at:

Restaurant and bar owners could be eligible for up to $5,000 for 2020 and $21,000 for 2021 per W-2 employee. However, if not claimed correctly, businesses may not receive any of the funds or need to pay back if the IRS makes an audit. With the latest update, LP Consulting offers an easy way for businesses to see if they qualify to reduce stress and avoid trouble further down the process.

According to the University of Houston, the hospitality industry's workforce was struck hardest by the pandemic, with over 8 million jobs lost. To de-escalate a mass layoff and reward loyal employers, the government initiated the CARES Act, under which programs like the ERTC and PPP loan fall.

LP Consulting explains that contrary to what many believe, it's possible to claim the tax credit even if a business received the PPP loan or got its revenue back to pre-pandemic levels in 2021. As a CPA (Certified Public Accountant) who specializes in ERTC claims, LP Consulting can clear out common misconceptions like these and hopes to help more businesses realize that they are eligible.

LP Consulting has helped businesses across various industries in the US claim the ERTC. For instance, one Houston restaurant with 80 W-2 employees successfully claimed $400,000 with the help of the CPA firm.

"You won't find us preparing income taxes, compiling financial statements, or providing attestation services of any kind," said a spokesperson for the company. "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."

For additional details, please visit:

Contact Info:
Name: Leonard Palmer
Email: Send Email
Organization: LP Consulting LLC
Address: 3648 Gruber Rd, Monroe, Mi 48162, United States

Source: NewsNetwork

Release ID: 89120755

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