Hello to all of our winery and lodging members –
Employee retention tax credit- There is still time.
Skip & Maureen Coomber own Coomber Craft Wines in Oceanside, CA. Additionally, Skip is a current FWC Board Member and Business Attorney who has helped over 300 businesses and organizations receive their tax refunds under the Employee Retention Tax Credit program; collectively, they will receive over $100mm. FWC has had several of its members who have been able to benefit from utilizing this credit.
The Family Winemakers Association is pleased to recommend Skip Coomber to its members for this one-in-a-lifetime tax refund totaling up to $26,000 per W-2 employee on your payroll in 2020 and 2021.
Please reach out to Skip Coomber; he will happily explain the ERTC program to you.
I found that by answering a few simple questions you can determine if you are elegible for the credit. If you were open during Covid and your revenue dropped, you could qualify.
There are of course more parameters, but worth investigating.
- Posted in: Monday memo
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