Business Warrior Corp. (OTC PINK:BZWR) stock is green on an otherwise bright red day for micro-cap stocks. The shares could be holding interest after announcing it has partnered with Bottom Line Savings, a no risk, contingency-based cost savings company, to help small businesses access Employee Retention Credit (ERC) financial aid. Business Warrior also announced in the release it has successfully closed its Regulation A round of funding and provides an update on legal proceedings.
The ERC is a stimulus program designed to help businesses that were able to retain their employees during the Covid-19 pandemic. Established by the CARES Act, the ERC is a payroll tax refund that small and mid-sized businesses can claim and do not need to pay back. It is based on qualified wages and healthcare paid to employees. Initially, under the CARES Act of 2020, businesses were not able to qualify for the ERC if they had already received a Paycheck Protection Program (PPP) loan. With new legislation in 2021, employers are now eligible for both programs, though the ERC cannot apply to the same wages as the ones claimed for the PPP.
“The ERC program is an extremely under-utilized and extremely valuable financial aid opportunity for small business owners to receive from the government,” explains Business Warrior CEO Rhett Doolittle. “After identifying this opportunity to help more small businesses, developing a partnership with Bottom Line Savings was a no-brainer. Since 2008, they’ve recovered over $2.2 billion dollars for more than 7,000 clients – including American Express, Uber, and Rolex.”
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