Did you buy or start your studio after February 15th, 2020?
If so, you may qualify for the employee retention credit that is available for recovery startup businesses. As long as your business started after February 15th of 2020, and your revenues are under $1 million for the year, those are the qualifying features. You’ll be able to get a 70% credit on wages paid to employees up to $7,000 per quarter for quarters three and four of 2021. The maximum credit amount overall is $50,000 per business, nothing to sneeze at.
I’d love to be able to help you take advantage of this. If you feel like you might be an eligible candidate, please email me at donna@pyopaccounting.com. Please check us out and subscribe to our YouTube page and our Facebook page. Thank you very much.
Donna Bordeaux, CPA with PYOPAccounting.com
Creativity and CPAs don’t generally go together. Most people think of CPAs as nerdy accountants who can’t talk with people. Well, it’s time to break that stereotype. Lively, friendly, and knowledgeable can be a part of your relationship with your CPA as demonstrated by Donna and Chad Bordeaux. They have over 50 years of combined experience as entrepreneurial CPAs. They’ve owned businesses and helped business owners exceed their wildest dreams. They have been able to help businesses earn many times more profit than the average business in the same industry and are passionate about helping industries that help families build great memories.
