Carter Bank & Trust Teams Up With Innovation Refunds To Help Companies Claim Refunds
Carter Bank & Trust (NASDAQ:CARE) has partnered with Innovation Refunds to assist businesses in claiming payroll tax refunds through the Employee Retention Credit (ERC). This collaboration aims to help companies recover up to $26,000 per employee retained during the COVID-19 pandemic. With over $1 billion refunded and an average refund of $375,000 secured, this initiative simplifies the process for businesses, even those that received PPP funds. The partnership addresses the challenges faced by small businesses in accessing federal relief.
- Partnership with Innovation Refunds enhances access to payroll tax refunds for businesses.
- Businesses can potentially receive up to $26,000 per employee retained during the pandemic.
- Over $1 billion in refunds secured with an average of $375,000 per business.
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More than
MARTINSVILLE, VA / ACCESSWIRE / September 26, 2022 / Carter Bank & Trust ("CBT") (NASDAQ:CARE) has partnered with Innovation Refunds ("IR"), a financial solutions provider connecting businesses to payroll tax refunds through the Employee Retention Credit (ERC), to help companies collect money they're owed from the government.
Through this partnership, CBT and IR can help businesses get up to
"We're the first bank in Virginia and North Carolina to partner with Innovative Refunds to help businesses access money through the Employee Retention Credit," Carter Bank & Trust CEO Litz Van Dyke said. "Navigating the IRS can be difficult, especially for businesses that are still trying to get back on their feet after the pandemic. Through this partnership, we're making that process as seamless as possible, allowing for business owners to focus on their day-to-day operations."
"Even through the worst of it, many businesses were unaware of the benefits available to them," said Howard Makler, CEO of IR. "In today's economy, these amounts could very well make or break a business. Organizations must leverage the expertise of tax professionals like ourselves to ensure they take advantage of the opportunities afforded to them by the Federal Government."
With a mission to empower businesses for growth, IR makes it easy for companies to collect their refund through a simple application and refund evaluation with no upfront costs. IR's more than 300 combined years of business and accounting experience help ensure no money is left on the table.
"The pandemic presented a litany of challenges for small businesses. As they look to bounce back in the years following 2020, it is critical for business owners to participate and take advantage of relief opportunities such as the ERC program," said Makler.
To find out if your business qualifies for the ERC, visit https://crtrbnk.com/3SpleWv.
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About Carter Bank & Trust
Headquartered in Martinsville, Va., Carter Bank & Trust is a
About Innovation Refunds
IR's mission is to assist small and medium-sized businesses attain cash incentives from federal and state governments. IR has been able to provide financial solutions to thousands of companies, with billions in cash refunds available for small and medium-sized businesses. To learn more, visit www.innovationrefunds.com.
Media Contact:
Brooks Taylor
Brooks.Taylor@CBTCares.com
276.806.5445
SOURCE: Carter Bankshares, Inc.
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FAQ
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