Unfortunately, 2020 has been an extremely trying time for many individuals and business owners across the world. Not only have we been impacted by the spread of this virus, but we also have been exposed to a new way of life that has left many people in an unstable financial position. No one could have planned for the shut-down of so many different businesses throughout the country and beyond. At King Financial Services, we are working hard to help provide tax help for businesses affected by the pandemic. We understand that taxes can be difficult even under the best circumstances, but with all of the uncertainty surrounding this pandemic, they can be even more complex for business owners to file on their own. From helping you to ensure you are utilizing every tax break available for your business to helping you apply for federal relief, our team of financial professionals are here for your company.
If you have a business with under 500 employees, you may qualify for The Families First Coronavirus Response Act, which gives all American businesses funds to provide employees with paid leave, either for the employee’s own health needs or to care for family members.
If your business has been financially impacted by COVID-19, you may qualify for The Employee Retention Credit, which is a refundable tax credit against certain employment taxes equal to 50% of the qualified wages an eligible employer pays to employees after March 12, 2020, and before January 1, 2021. You can get immediate access to the credit by reducing the employment tax deposits you are otherwise required to make. Also, if your employment tax deposits are not sufficient to cover the credit, you may get an advance payment from the IRS.
Federal Relief Aid in Fort Worth, TX
At King Financial Services in Fort Worth, TX will be able to work with your company to find and apply for any financial assistance you may qualify for through the government. This has been a difficult time for all of us and should not be made any worse by trying to navigate the complex financial climate on your own. Contact King Financial Services today to learn more about how we can help your company apply for a federal disaster loan.
King Financial Services in Fort Worth TX
Don’t get lost in the paperwork that comes along with running a business, instead reach out to King Financial Services. Our team of financial professionals understand how overwhelming it can be to you and your staff to keep up with additional tasks and record keeping. This is why we help eliminate the workload that comes with bookkeeping in house by managing all of the additional responsibilities, such as payroll and bookkeeping. Contact us today to learn more about the tax and financial services we offer. Sandra King is an enrolled agent, empowered by The United States Treasury to prepare your personal or business tax filing. While her services are offered nationwide, Sandra King locally serves the greater Dallas-Fort Worth area, including but not limited to Arlington, Bedford, Colleyville, Euless, Fort Worth, Grand Prairie, Hurst, Mansfield, North Richland Hills, and Richland Hills.
King Financial Services Inc
610 S Industrial Blvd. Suite 140
Euless, TX 76040
Phone: (800) 503-1343