The Hustler's Digest StaffNon-profit organizations play a vital role in the United States, aiding in a plethora of events and movements that have created awareness. However, non-profit organizations were at risk of falling apart with COVID-19.
The CARES Act instilled the Employee Retention Credit (ERC) program, which subjected its time and effort to assisting affected businesses and employees in the United States.
IRS Tax Credit Pros, Inc. took notice of the fall of many businesses faced in 2020. The company assists businesses in all 50 states by raising awareness about the ERC program while complying with IRS rules and guidelines. Their expert team has exceptional tax law and accounting knowledge, which further aided many companies.
The number of industries affected by the COVID-19 pandemic is too many to count, many enduring a halt in their current and future operations. Non-profit organizations felt these effects especially hard. Let us look at how this industry was affected and how IRS Tax Credit Pros have worked for their betterment.
Affected Industry
Non-profit organizations have done a brilliant job as they work for the betterment of society. However, they had to restrict their reach, cancel events, and limit public gatherings with the rising death tolls in 2020. As a result, they have seen an enormous loss in terms of their space and their influence.
Road to Cash Relief
IRS Tax Credit Pros’ prowess and dedication have assisted many affected industries in learning more about ERC.
“And while there is a widely held belief that tax-exempt organizations are ineligible for any cash relief appearing in the form of a fully refundable tax credit – this is not correct!” stated the team behind IRS Tax Credit Pros.
Under the ERC program policy, if a business keeps its employees on payroll during the pandemic, they are eligible for cash relief. Tax-exempted non-profit organizations are under the pretense that they are ineligible for ERC’s services.
IRS Tax Credit Pros is aware of this vast gap and, thus, has become a guiding light that has supported these businesses and organizations to fall back on track. With their expertise and understanding of IRS and ERC, they are taking the initiative by providing consultation.
Hand on heart, IRS Tax Credit Pros are taking their duty to the next level as they put effort into creating awareness and assisting organizations in various capacities.
Learn More About IRS Tax Credit Pros
IRS Tax Credit Pros have two offices located in San Diego, CA, and San Juan Capistrano, CA; they can be reached via email at support@irstaxcreditpros.com or phone at (210) 259-1648. Find more information on IRS Tax Credit Pros on their website https://irstaxcreditpros.com/.
