If Your Business Was Affected By Covid Restrictions, You May Qualify for ERC Funds
Did you know that if you can prove that you lost revenue due to U.S. government restrictions during covid, you may qualify for money under the ERC. We’re excited to share that this could extend beyond a simple difference in income from pre-covid to Covid years. And we have a real client story that may help you understand how it might apply to your business.
Our agricultural client approached us with a unique situation regarding the ERC. Generally, you need to prove that you made less money during Covid than in previous years in order to receive this credit. But in this case, our cliented started their business in 2019 and that year was spent growing their product from seed. Technically, they made more money in 2020 than in 2019. We thought they probably wouldn’t qualify for the ERC.
However, because the government limited the number of people that could access their warehouse and products, travel in the state their business operated in, and there were multiple government closures in 2020. We, ultimately, were able to prove that our client was limited by the restrictions from the government during pivotal points of the year which affected their revenue.
When they initially came to us, our client owed the IRS money. But we were able to prove that our client qualified for the ERC. We’re so excited that we were able to help them recoup over $90,000.
We believe that there are many businesses where this type of situation applies. If your business revenue was affected by government restrictions due to covid, schedule your free call today.