SBAM helps businesses qualify for Employee Retention Tax Credit

The Small Business Association of Michigan has launched a new service to help small businesses gain best-in-class access to Employee Retention Tax Credit (ERTC) tax refunds that can bring small businesses up to $26,000 per qualified employee.

The ERC is a refundable tax credit. SBAM has partnered with two vendors, Occams Advisory and CLRA Group, to help members apply for and receive the ERTC.

“SBAM wants to ensure that our members can take advantage of all the tax credits that they deserve, which can make a big difference to a company’s bottom line,” said SBAM Chief Revenue Officer Michelle Beebe. “The Employee Retention Credit could bring small businesses huge returns, especially since it can be retroactively applied for, and we’re proud to have partnered with Occams Advisory and CLRA Group to extend application help to our members.”

SBAM’s approved partners will help SBAM members apply for ERC while strictly adhering to the complex set of laws and regulations that govern ERTC eligibility and filing. Eligible businesses can claim ERTC retroactively for the period March 13th 2020 to September 30th 2021. 2021 Q4 ERTC is available for recovery start-ups (businesses that commenced operations after February 15th 2020).

For additional information on the partnership and how members can connect with a partner to apply, visit www.sbam.org/employee-retention-credit.