Can the ERTC Aid in Creating More Flexible Work Environments?

January 2, 2024
Dayes Law Firm

The money you and your business could receive from the Employee Retention Tax Credit, also known as the ERTC or ERC, can be used to improve your company in many ways. You could even choose to use ERTC funds to aid in creating a more flexible work environment for your employees. 

How the ERTC Can Help Create More Flexible Work Environments

The ERTC is a refundable tax credit that can potentially give business owners up to $5,000 per employee they kept on payroll during the height of the COVID-19 pandemic in 2020 and up to $7,000 per employee per quarter for 2021. It could result in a refund of up to $26,000 per employee, which is no small amount of money, especially for small businesses.

Employers that experienced either a full or partial shutdown of operations due to government orders related to COVID-19, or whose business encountered a decline in gross receipts in 2020 or 2021 when compared to the same quarter in 2019, may be qualified to apply for the ERTC. And if you qualify for the tax credit and receive a refund, you can use that money for any number of needs your business may have.

If creating a more flexible work environment is a goal at your company, the ERTC can help make that happen. You could choose to use your Employee Retention Tax Credit refund to pay for upgrades to your systems or programs that can better enable your employees to attend meetings by video, for example. 

You could also pay to enable programs to allow your staff to work remotely more easily or to have a better experience attending meetings from a home office. The money could also be used for work-from-home needs, allowing your employees to have a more flexible schedule, particularly if they have family and childcare demands. These are options that can definitely foster a more flexible work environment for your workforce. 

Implementing a more flexible work environment at your business can mean a better work-life balance for your employees, which can lead to higher employee satisfaction. That, in turn, results in a happier, more productive, and potentially more loyal team. All of that can be achieved thanks to the financial aid you could potentially receive thanks to the Employee Retention Tax Credit.

Get ERTC Application Assistance with Dayes Law Firm

Dayes Law Firm can work with you to apply for the ERTC. Our team can help you determine whether or not your business is qualified to claim the tax credit in the first place, and then support you every step of the way in claiming it. 

Please don’t hesitate to contact us to see how the ERTC tax professionals at Dayes Law Firm can help you with your ERTC application. Our firm and our partner firms have already helped many businesses claim the Employee Retention Tax Credit and we’d be happy to help you, too. 
Feel free to give us a call at (800) 503-2000 to learn more. We offer a free, no-obligation consultation so you can decide if we are the right choice to partner with on the ERTC – and we think we can prove that we are. Call today to find out more!