White Glove Payroll Saves Small Businesses Over $12 Million
YOUNGSTOWN, Ohio — During the pandemic White Glove Payroll assisted small businesses in applying for Employee Retention Tax Credits (ERTC), resulting in clients receiving more than $12 million dollars in assistance.
The ERTC program allowed businesses to receive up to $26,000 in refundable tax credit in an effort to encourage businesses to keep staff on payroll and minimize unemployment.
“As a hands-on children’s science center, Oh Wow! could not safely reopen for many months during the pandemic,” said Laura Olivier, Oh Wow! interim director of business and finance.
“COVID relief funds were extremely valuable in helping retain employees and shift to a virtual business model, but understanding which aid was available to our organization was really challenging.”
“I am so thankful for the expertise provided by White Glove in securing Employee Retention Tax Credits to provide a much needed cash infusion,” Olivier said.
White Glove was also able to secure businesses funds during both rounds of the Paycheck Protection Program – $107 million and $11 million in rounds one and two respectively – as well as $5 million in EIDL loans that assisted hundreds of business owners, said Marcy Angelo, director of operations at White Glove Payroll.
“We were fortunate enough to remain open during the COVID-19 pandemic, which allowed us to focus on the intense COVID-19 legislation and provide our clients with every opportunity to support their efforts to prevail during trying times.”
Published by The Business Journal, Youngstown, Ohio.