Market America | SHOP.COM, a global and award-winning e-commerce and product brokerage company, has recently announced a partnership with Bottom Line Concepts, a company that specializes in maximizing the benefits of the Employee Retention Credit (ERC) program. The ERC is a stimulus program established by the CARES Act designed to help businesses that retained their employees during the COVID-19 pandemic. It is a tax credit that businesses can claim based on qualified wages and healthcare paid to employees.
Marc Ashley, President & COO of Market America Worldwide, said, “Our partnership with Bottom Line Concepts is a testament to our commitment to supporting businesses during these unprecedented times. By working together, we aim to help businesses navigate the complexities of the ERC program and secure the maximum benefits available, ultimately contributing to their resilience and success in the face of economic challenges.”
The ERC program offers potential credits for businesses that qualify, with credits of up to $26,000 per employee. The amount of the credit depends on whether the business also received funding from the Paycheck Protection Program (PPP). The ERC program is available for multiple years, including 2020 and 2021, and there is no limit on the funding available. Additionally, there are many ways for businesses to qualify for the program, including decreased revenue or partial/full shutdown of business operations.
“We’re excited to partner with Market America to help small businesses secure the credits they’re entitled to,” said Josh Fox, founder and CEO of Bottom Line Concepts. “With access to capital becoming more expensive for small businesses, it’s critical for reputable tax recovery consultants to form these partnerships and educate companies nationwide on the ERC program and their eligibility.”
If a business experienced a change in business hours, partial or full suspension of business operations, shutdowns of supply chains or vendors, reduction in services offered, reduction in workforce, a disruption in business, inability to visit a customer’s job site, suppliers unable to make deliveries of critical goods or materials, additional spacing requirements for employees and customers due to social distancing, change in job roles/functions, tasks or work that couldn’t be done from home or while transitioning to remote work conditions, or lack of travel or lack of group meetings, they may potentially be eligible for the ERC program.
The process for businesses to take advantage of the ERC program involves lead generation, client success, data modeling and quality review, client confirmation and signoff, and client closeout and submission to the IRS. Bottom Line Concepts has a 14-year track record of success, with over $5 billion in ERC claims and recovered money for clients to date, and over 35,000 ERC clients.
The ERC filing deadlines for eligible employers claiming a credit for any quarter in 2020 is April 15, 2024, and for any quarter in 2021 is April 15, 2025.
Market America | SHOP.COM’s partnership with Bottom Line Concepts to help businesses take advantage of the ERC program is a valuable opportunity for businesses. By identifying prospective clients, sharing the ERC opportunity and contract, and onboarding clients with Bottom Line Concepts, businesses can take advantage of the expertise and experience of a company that has a proven track record of success in maximizing the benefits of the ERC program.
About Market America Worldwide | SHOP.COM
Market America Worldwide | SHOP.COM is an award-winning global e-commerce and product brokerage company that specializes in One-to-One Marketing and is the creator of the Shopping Annuity®. Its mission is to provide a robust business system for entrepreneurs while providing consumers a better way to shop. Headquartered in Greensboro, North Carolina, and with offices across the globe, Market America Worldwide was founded in 1992 by Founder, Chairman & CEO JR Ridinger. Through the company’s primary, award-winning shopping website, SHOP.COM, consumers have access to millions of products, including Market America Worldwide–exclusive brands and thousands of top retail brands. SHOP.COM ranked 19 in Newsweek magazine’s 2021 Best Online Shops, No. 54 in Digital Commerce 360’s 2023 Top 100 Online Marketplaces, No. 82 in Digital Commerce 360’s 2023 Top 500 & 1,000 Online Retailers and No. 10 in Digital Commerce 360’s 2023 Top 500 Online Retailers Mass Merchandise Category. The company is also a two-time winner of the Better Business Bureau’s Torch Award for Marketplace Ethics and became a BBB National Partner in 2022. Market America Worldwide | SHOP.COM was also ranked No. 13 in The Business North Carolina Top 125 Private Companies for 2022. By combining Market America Worldwide’s entrepreneurial business model with SHOP.COM’s powerful comparative shopping engine, Cashback program, SHOP Local program, ShopBuddy®, Express Pay checkout, social shopping integration and countless other features, the company has become the ultimate online shopping destination.
For more information about Market America Worldwide, please visit MarketAmerica.com.
For more information on SHOP.COM, please visit SHOP.COM.
About Bottom Line Concepts
Bottom Line Concepts (BLC) is a performance-based tax recovery consulting firm. Over the past 14 years, BLC has grown into the recognized leader in the Employee Retention Credit (ERC) Program. BLC is a global firm who serves a diverse client base across many industries with companies from every sector representing ~30% of the top 100 accounting firms, ~30% of the top 100 law firms and 20% for the Fortune 1000. The ERC division has worked with over 35,000+ ERC clients and has processed over $5 billion in refunds. BLC was named to Inc 5000’s list as one of the fastest growing private companies in America. We are a customer obsessed business singularly focused on our mission to educate American business on the ERC and help them reinvest in themselves and their future.