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How Much Is Your Dance Studio Owed?

Type:

Blog

Category:

How to Increase Revenue and Energize Enrollment

Apply Now to See If You Qualify by CLICKING HERE

Did You Apply for the ERTC Yet? Dance Studio Owners get some of your Hard earned cash back!

The Employee Retention Credit Program has been extended a whole year! You can now continue to apply for all six quarters (Quarters 2,3,4 of 2020 and 1,2,3 of 2021) until quarter 2 of 2024.

Steve and Angela Sirico DTW founders and veteran studio owners recently received a substantial cash refund from the Employee Retention Tax Credit.

It doesn't matter if your employees are part time or full time. If they are W-2 then you can apply for this tax credit refund!

Dance studios in the USA that kept employees on payroll during the 2020-2021 Covid pandemic, and resulting government shutdowns, could be eligible for a substantial tax credit - up to $26,000 per employee!

This is an IRS Covid business stimulus program put in place to help all small business owners. Because almost all dance studios will have suffered from social-distancing restrictions, resulting in significant loss or revenue - you are eligible for the ERC.. even if you already claimed PPP!

Frequently asked questions...

Is this legit? Yes it is and all small business who retained W-2 employees during the pandemic can qualify, even if you had 2 rounds of PPP! DTW founder and studio owner Steve Sirico applied and their studio has already received a large cash refund.

Will this raise a red flag with the IRS? NO, the IRS is only a vessel for distributing the funds that are part of the CARES Act that was put in place by Congress. These funds are available and waiting to be claimed but you must apply to receive them.

Can my accountant do this? Yes they can, but with tax season in full swing they are most likely not going to have time and may not know all of the details. At the ERC Helpdesk this is all they do.

How can I find out more before I apply? We did a webinar a few months ago on how this program works. Watch the video replay below  to learn more!

 

 

Apply Now to See If You Qualify by CLICKING HERE

Author

Steve Sirico

Steve Sirico

Steve is co-founder of Dance Teacher Web the number one online resource for dance teachers and studio owners worldwide.He is Co-Director of the very successful D'Valda and Sirico Dance and Music Center in Fairfield, CT for the past thirty plus years. His students have gone on to very successful careers in dance, music and theater. Originally from Norwalk, Ct, Steve excelled in track and football. He attended the University of Tennessee at Martin on a sports scholarship. Deciding to switch and make his career in the world of dance, he studied initially with Mikki Williams and then in New York with Charles Kelley and Frank Hatchett. He has appeared in a number of theatre productions such as Damn Yankees, Guys and Dolls and Mame in New York and around the country and in industrials and television shows. He was contracted to appear as the lead dancer in the Valerie Peters Special a television show filmed in Tampa, Florida. After meeting Angela DValda during the filming they formed the Adagio act of DValda & Sirico appearing in theatres, clubs and on television shows such as David Letterman, Star Search and the Jerry Lewis Telethon. In 1982 they were contracted to Europe and appeared in a variety of shows in Spain, Portugal, Sweden, Finland, Switzerland and Italy before going to London, England where they appeared as Guest Artists for Wayne Sleep (formerly of the Royal Ballet) in his show Dash at the Dominium Theatre. Author of his Jazz Dance syllabus and co-author of a Partner syllabus both of which are used for teacher training by Dance Educators of America, He has also co-authored two books one for dance teachers and one for studio owners in the "It's Your Turn" Book series. He is available for master classes, private business consulting and teacher training development

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