Georgia Banking Company(“GBC”) has teamed up with Innovation Refunds (“IR”), an industry leader specializing in the federal Employee Retention Credit (ERC) and payroll tax refunds, to help businesses claim up to $26,000 per employee kept on payroll during COVID-19.
The ERC is a refundable tax credit that allows companies to claim payroll taxes paid during COVID-19 even if they have received Paycheck Protection Program (PPP) funds. In just one year, IR has helped thousands of businesses collect more than $1 billion in refunds, with an average refund of $375,000.
“GBC was built to support the growth of thriving Georgia businesses. As they continue to recover from the challenges of the pandemic, it is prudent for business owners to take advantage of relief opportunities such as the ERC program,” said Richard Fairey, President & Chief Operating Officer of GBC.
“Even during the pandemic, many businesses were unaware of the benefits available to them through ERC. Organizations should leverage the expertise of tax professionals like IR to take advantage of the opportunities afforded them by the Federal Government,” said Fairey.
With more than 80% of businesses qualifying for the payroll tax refund through the ERC, GBC’s partnership with IR can help ensure companies do not leave money on the table. To see if your business qualifies for the ERC, visit GeorgiaBanking.com/employee-retention-credit
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