Fast-tracking the federal COVID cash your restaurant needs to bounce back

The darkest days of the pandemic may be behind us, but many restaurants are still digging themselves out of the severe financial downturn that lasted almost two years.

But as springtime takes hold throughout Ohio, we’re excited to share some good news that can help your restaurant accelerate its recovery.

You may be able to claim tens of thousands of dollars in ERC assistance

Your restaurant is likely eligible for $26,000 per W-2 employee in federal COVID financial assistance through the Employee Retention Credit (ERC). The ERC is a federal tax credit designed to support efforts to keep employees on the payroll during the pandemic. The ERC is money that can be used for any purpose, and it’s retroactive to 2020. But less than 25 percent of eligible businesses have filed for their ERC funds.

Here are some reasons:

• The ERC filing process is complex and time-consuming

• Many restaurant owners lack the time and expertise to file for their ERC funds

• There’s a great deal of confusion and misinformation about the ERC

• Many CPAs and payroll firms are unfamiliar with the ERC and its eligibility requirements

This is causing a lot of restaurants to leave tens of thousands in ERC money on the table.

Making it easy to claim your ERC funds

But the Ohio Restaurant Association’s Restaurant ReliefTM program is helping busy restaurant owners expedite the filing for their ERC funds with the Easy ERCTM from our trusted ERC partner Adesso Capital.

Adesso Capital provides concierge lending solutions for small businesses. When the pandemic drove businesses in every industry into a downturn, Adesso assembled a team of tax experts to help entrepreneurs maximize the federal COVID relief available to them.

With the Easy ERCTM:

• you can get a quick estimate of the amount of ERC funds for which you’re likely eligible

• then the Adesso ERC team files for ERC funds on your behalf, handling all the paperwork

• Adesso tracks the progress of your ERC filing with the IRS, providing updates until you receive your ERC funds

• you can even get an ERC advance loan against your anticipated ERC payout so you get your funds in a matter of days

Adesso has helped hundreds of restaurants secure tens of millions in ERC funds, with an average of $125,000 per filing. Their ERC experts are ready to get started on your ERC filing.

Visit the Restaurant ReliefTM ERC Support Center at www.AdessoCapital.com/Ohio to get started. And get the cash you need to help your restaurant return to full strength.