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ERC claims for gym and fitness centers are still open
The COVID-19 pandemic had a significant impact on the gym and fitness industry. With the government imposing strict restrictions and safety measures to curb the spread of the virus, many gyms and fitness centers faced partial or full closures. Moreover, reduced capacities and social distancing requirements limited their operations. Overall, this led most gym and fitness facilities in the country to witness decreased membership and attendance.
Additionally, the shift to virtual fitness classes and remote training became necessary to adapt to stay-at-home orders. Combined, these challenges led to financial constraints and increased costs, especially with regard to sanitation and health protocols. Most gym and fitness businesses are eligible to receive the ERC credit and should make a claim straight away.
Here is how businesses can qualify.
Even though the tax relief period is for the years 2020 and 2021, you can still qualify for the Employee Retention Credit (ERC) today. The government has extended the eligibility period for an additional three-years, even if you've already filed your tax forms. With our expert guidance, you can submit amended documents and potentially get the financial relief your business needs.
Securing the ERC for your gym or fitness business is easier than you think. The eligibility process can be done in as little as 60 seconds. You Can contact our ERC specialists today at 1-888-210-8870 or reach out to us through our chat. We're here to answer all your questions, and no information will be shared with third parties. Our team is available to support businesses across the country with all their ERC needs!
