Universal Tax Service is a tax consulting firm based in Round Lake Beach, IL, specializing in helping businesses claim the Employee Retention Tax Credit (ERTC) established by the CARES Act. They provide expert guidance and assistance to small and mid-sized businesses in maximizing their cash refunds from the government, with potential refunds of up to $26,000 per employee for 2020 and 2021.
With a focus on deeper thinking for tax incentives, Universal Tax Service aims to create a win-win situation for their clients by helping them navigate the complex requirements of the ERTC. They work with a wide range of businesses, including restaurants, medical offices, construction companies, and non-profit organizations, ensuring that they qualify for the tax credit by meeting the necessary criteria, such as revenue decline or government-mandated shutdowns. Their team of experts efficiently processes payroll, reconciles PPP loan overlaps, and files the necessary forms with the IRS, providing businesses with the opportunity to receive their cash refunds in a timely manner.
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