Business owners take immediate note of a significant possible change in the deadline for claiming the Employee Retention Credit (ERC). On January 17th, Congress proposed a bi-partisan tax bill impacting the claim deadline for the ERC. In this bill, the new proposed deadline is now January 31, 2024.
The ERC, a valuable tax relief measure introduced to aid businesses in retaining employees during challenging times, offers a substantial benefit. However, with the possible deadline change, time is of the essence.
Why Act Now?
- Maximize Your Financial Benefit: The ERC can offer substantial financial relief, but we urge you claim before January 31, 2024. Delaying could mean missing out on this critical support.
- How Do You Qualify?: If you had a significant drop in gross receipts in either 2020 or 2021 when compared to 2019 OR were fully or partially shut down by a government order.
- Limited Window of Opportunity: With the deadline possibly being moved to January 31, 2024, the window to claim this credit is rapidly closing. Immediate action is crucial.
How YHB Can Help
At YHB, we specialize in assisting businesses with the ERC claim process. Our team has helped secure over $45 million in credits for our clients.
Don’t Miss Out
This change in the ERC claim deadline is a call to action. Let YHB help you navigate this process efficiently and effectively. Contact us today to schedule a consultation and ensure that your business doesn’t miss this critical opportunity for financial support.