Industries We Serve
Was your travel and tourism business affected by COVID-19? Here are some criteria that may qualify you.
When we think about industries affected by the pandemic, the travel and tourism industry is top of the list. With widespread travel restrictions, border closures, and fear of the virus, the industry faced a sharp and immediate decline in demand for travel and hospitality services. Airlines, hotels, tour operators, and other businesses in the sector had to adapt their services and postpone their operations. In order to comply with health and safety protocols, additional costs were also required. Some providers shifted to virtual tours and online experiences, which while popular led to reduced revenue and increased operational costs.
While those were hard years, the CARES Act provided much needed economic relief to affected businesses, through the Employee Retention Credit (ERC). The ERC program is still open to companies operating in the travel and tourism space, specifically travel agents and tour operators, whether or not they suffered revenue losses.
This is not an exhaustive list. For best results contact IRSplus ERC specialists
Even though the qualifying tax years for the Employee Retention Credit (ERC) are 2020 and 2021, the opportunity is still open for eligible businesses in the travel and tourism industry to apply. The government extended a three-year window, allowing businesses to claim the ERC tax credit. If you missed the initial deadline, there are still options available to you. You can still take advantage of this economic relief by amending previous tax forms with the support of ERC specialists. With our support, you can be sure you will receive the maximum ERC credit, for all eligible quarters.
Navigating the complexities of the Employee Retention Credit (ERC) for your travel and tourism business is made easy with IRSplus ERC specialists by your side. You can connect with us conveniently either by giving us a call at 1-888-210-8870 or by initiating a chat. Rest assured, our experts are available to serve businesses across the country, ensuring a fast and reliable process. Your information is treated with the utmost confidentiality, and we are committed to safeguarding your privacy. Don't hesitate—contact our ERC specialists now to secure the financial support your travel and tourism business deserves.
