Take advantage of ERTC

Helping Golf Courses Obtain COVID-Related Tax Credits

Golf course clubhouse

Every employer can retroactively earn credits going back as far as Q2 2020 (through Q3 2021). Employers may be eligible to earn credits in six quarters: Q2, Q3, Q4 2020 and Q1, Q2, Q3 2021. Every employer has until three years from the quarter in which the employer earns the credit to file the documentation with the IRS. Employers can earn up to $5,000 per eligible employee in 2020; and up to $7,000 per eligible employee, per quarter, in 2021. One eligible employee may earn an employer a maximum of $26,000 in credits ($5,000 in 2020 and $21,000 for 2021).

Why do golf course owners qualify for ERTC?

Many times the golf course was impacted by COVID restrictions. The end result was a decline in both food and beverage and event revenue streams because COVID-related restrictions impaired the course ownership from fully operating restaurants, bars, tournaments, weddings, catering and pro shops.

Visit rockerbox.tech/ertc-for-ngcoa for more information and to see if your golf business is still eligible for the ERTC.

What is at stake?

Tens, if not hundreds, of thousands of dollars in tax credits. Your golf course might be eligible for credits in both 2020 and 2021. The ERTC program can be confusing to most – considering how much misinformation is out on the web and social media.

Employer-based tax credit programs like the Employee Retention Tax Credit program (ERTC) can be financially transformational. In fact, some of our clients have improved cash flow up to 40%. Credits are fully refundable and are used to offset the employer portion of payroll taxes. Thus, non-profits and some government-owned entities may be eligible.

Learn More

Read the full article and watch the interview or contact Rockerbox today about obtaining ERTC credits for your golf course.