About Bottom Line Concepts
ERC (Employee Retention Credit) is a government stimulus aid program designed to help businesses that were able to retain their employees during the Covid-19 pandemic in 2020 and/or 2021. Established by the CARES Act, it is a refundable tax credit (not a loan) that you can claim for your fitness business. The ERC is available to both small and mid-sized businesses and is based on qualified wages and healthcare paid to employees.
Whether you were one of the few that was able to thrive during the Covid-19 years or had to close your business or barely survived, you will most likely qualify for ERC. If you have been told you do not qualify, it is very possible that you actually do as the rules have changed for this program since 2020 when it first was implemented. ERC is still available for businesses to receive, so now is the time to get what is owed to you.
Bottom Line Concepts (BLC) is an established business that has helped thousands of businesses since 2009. With clients like GNC, Mayweather Boxing and Fitness, Genesis Health Clubs, Orange Theory Fitness, Soul Cycle, Crush, Los Angeles Lakers, Boston Red Sox, Dominos Pizza, and more, BLC has built a solid reputation that can be trusted.
BLC, as a specialty ERC company, have successfully facilitated over 20,000 businesses to obtain clients over 3 billion dollars in refunds from the ERC tax credit.
Through an easy streamlined process, BLC does all the work on a contingency basis. There are no fees taken upfront at any time. You do not pay until you start receiving your refund checks from the IRS.
Bottom Line Concepts in the Fitness Community
The fitness community was hit hard during the pandemic, as they were forced to close for at least some period of time. Depending on location depends on what government regulations were put in place and for how long. We know that many gyms and other fitness businesses are still struggling today and some even have closed. Based on these strict guidelines in the fitness community, 99.9% of fitness businesses will qualify. If your fitness business meets one or more of the following, you qualify!
• Business hour changes
• Reduction in workforce or employee workloads
• Social distancing requirements
• Space or gym equipment limitations
• Limited number of group classes
• Unable to offer live training- needed to go to virtual workouts/training
• Extra sanitization required for equipment, mats, lockers, etc
Let us help you get back on track. With zero out-of-pocket expense required and an easy streamlined process to get your claim filed, a short free qualification phone call will get you started and on your way to recovery.