It’s no secret that all industries were severely impacted by the COVID-19 pandemic.
As spa owners, we know this all too well after experiencing the rise in cost of gloves to not having the ability to offer some spa treatments due to the inability to work around a mask.
My guest on today’s episode shares all the details about the Employee Retention Credit (ERC). It’s another opportunity for businesses affected by the COVID-19 pandemic to receive financial support from the government.
ERC benefits are received in the form of income and can be as much as $26,000 per full-time W2 employee.
Sheridan Wealth Advisors are leading experts on Employee Retention Credit.
President and Founder, Marc Sheridan, breaks ERC down in a straightforward manner to help business owners understand whether they may qualify.
Sheridan founded Sheridan Wealth Advisors in 2003 and in that time has created over $200,000,000 in additional wealth for his life insurance clients through increased benefits and premium savings.
In this episode, we discuss:
- An explanation of Employee Retention Credit (ERC)
- Eligibility and qualifications for ERC
- The two tests associated with determining qualification
- Key questions business owners ask regarding ERC
- Requirements needed to work with Marc and Sheridan Wealth Advisors
References Mentioned in Episode #324: How to Qualify for Employee Retention Credit Explained By Marc Sheridan
- Fill out this form to see if you qualify for ERC benefits. (Must have at least 10 full-time W2 employees to complete screening).
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Episode Transcript