Recovery Startup Business Refund
HELPING STARTUP BUSINESSES THRIVE
The Recovery Startup Business Refund (RSB) is a component of the Employee Retention Credit and was initiated within the American Rescue Plan Act of 2021 in response to the pandemic. The RSB is a powerful cash flow solution for businesses that were established in 2020 and 2021. There are no limitations on how you can spend the cash, and no arbitrary payroll benchmarks to establish. Businesses can apply for the Refund in 2022 for the 2020 and 2021 periods.
UP TO $7,000
PER EMPLOYEE PER QUARTER IN EACH OF Q3 AND Q4 2021
(70% OF WAGES UP TO $10,000)
UP TO $50,000
IN TOTAL CREDITS PER QUARTER IN EACH OF Q3 AND Q4 2021
($100,000 TOTAL)
HOW EMPLOYERS MAY BE ELIGIBLE:
If your business operations were initiated after February 15, 2020 AND
Your business has averaged less than $1 million in annualized revenue since inception AND
There are W-2 non-owner employees on the payroll in the periods to be measured (Q3 and Q4 2021)
ANSWERS TO COMMON QUESTIONS:
You can qualify for the RSB, even if you received PPP Loan Forgiveness and/or qualified for ERC in prior quarters
Your business does not have to demonstrate hardship to qualify
While there are lots of nuances to qualify and detail for us to calculate, we make your filing for the RSB simple
IF YOU'RE INTERESTED IN LEARNING MORE ABOUT WHETHER YOU QUALIFY FOR THE RECOVERY STARTUP BUSINESS REFUND AND HOW URC CAN HELP YOU MAXIMIZE YOUR REFUND, SET UP AN APPOINTMENT WITH URC BY VISITING OUR CONTACT PAGE, AND WE'LL DISCUSS IN GREATER DETAIL.