Under the Recovery Startup program, the IRS is reimbursing ANY new business for wages paid in 2021. This is literally a gift for startups and almost a secret… rarely known to those qualified thus leaving free money on the table.
The ERC credit had taken the US business world by storm with an unprecedented tax credit in a magnitude never seen in history. But shhh, there is almost a secret which has not yet been realized by hundreds of thousands of qualifying businesses. While regular businesses only qualify if they were severely impacted by Covid-19, startup businesses - on the other hand - qualify with almost no requirement. And this will not last for too long anymore.
And keep in mind; this is not a loan and may be used any way the owner prefers. We like to call it a grant, because this is exactly how it acts.