The after-effects of the pandemic that took the world by storm are quite visible even after two years. It ruthlessly took every chance to disrupt and destroy humanity by robbing people of their lives and livelihood.
Numerous industries fell prey to the pandemic in 2020 and still haven't recovered from its deep hold. Aware of the sudden arrival and outbreak of the COVID-19 pandemic, the United States government initiated the Employee Retention Credit in March 2020 to assist affected businesses, families, and employees.
IRS Tax Credit Pros is a tax credit company that has dedicated its name and work to implementing the ERC and ensuring that every business is attended to. The cosmetic and art industry saw a perilous decline during and after the spread of COVID-19. IRS Tax Credit Pros imparts their valuable services to the cosmetic, art galleries, and live theaters industries by providing cash relief from the ERC.
The cosmetic industry faced numerous restrictions and limitations during the pandemic reduced occupancy and spacing limitations were just the tip of the iceberg. Salons, spas, and barbershops had to be completely shut down, and were later allowed to practice with restricted hours while complying with sanitation procedures.
Moreover, these occupational spaces had to step back from storefront operations and solely work on online platforms. Unaware of the ERC policy and its role, many cosmetic and beauty industries are still trying to stand back on their feet.
With IRS Tax Credit Pros by their side, the beauty industry was made aware of the ERC policy, and since then, has had an opportunity to earn cash relief. The tax credit company is raising awareness of how the ERC "has already refunded millions of dollars to a broad spectrum of employers" and also taking steps to implement the program in the cosmetic industry.
Performance Art and Art Galleries Industry
Reducing public gatherings and canceling events, the United States government closed many art galleries and performance theaters. These industries were greatly affected as they solely depended on showcasing art and live performances through social gatherings.
The government prolonged the remote working setup and later, after lifting restrictions, placed great importance on hygiene as well as social distancing procedures. Coming from this drastic fall, many art galleries and event venues are unaware of their eligibility to obtain cash relief from the ERC.
Similar to what they have done for the cosmetic industry, IRS Tax Credit Pros have educated many struggling businesses on how they can survive the testing waters. Besides creating awareness and consultation, the company focuses on assisting these industries without prolonging the process.
The IRS Tax Credit Pros has vowed to help businesses by aiding them with the existing ERC program. Resultantly, many companies that had lost their valuable time, gross receipts, and employees, are now on their way to success once again.