Employee Retention Credits ERC – It’s Not Too Late!
Originally aired on September 7, 2022.
Employee Retention Credit (ERC) is part of the CARES Act targeting businesses with less than 500 employees. Business owners can receive up to $26,000 per W-2 employee. Many businesses are eligible for the Employee Retention Credit and don’t even realize it.
Common misconceptions not to qualify are:
• Our revenue was up
• We received PPP funds
• We didn’t suspend operations or shut down
None of the reasons listed above are disqualifiers for ERC!
NBDA has partnered with Omega Accounting Solutions to offer you a chance to discover how much the government owes you for paying your employees during the coronavirus pandemic. Register below and learn more about the ERC program and the process.
The window to file is closing. Don’t miss this opportunity!
Click here to get a free ERC Evaluation with Omega Accounting Solutions.
You must be logged into your NBDA member account to access the recording below:
The NBDA has been here since 1946, representing and empowering specialty bicycle dealers in the United States through education, communications, research, advocacy, member discount programs, and promotional opportunities. As shops are facing never-before-seen circumstances, these resources offer a lifeline. Together, we will weather this. We at the NBDA will not waver in our commitment to serving our members even during this challenging time—but we need your support.
Now is the time to become a member as we join together to make one another stronger. Whether you’re a retailer or an industry partner, your membership in the NBDA is one of the best investments you’ll make this year.
Learn more about the benefits of being a member and join now.
