Research suggests that the hospitality industry has lost over $100 billion in revenue related to the COVID-19 pandemic. The impact has been enormous both emotionally and financially. While nothing can change what’s happened, Congress did pass the CARES Act and the Employee Retention Credit program to help. Understanding these rules and ensuring hotel owners get the maximum ERC credit is why Parksettlement was created.
Employee Retention Credits for Hotels
Our Clients Rave About Our Work
Parksettlement has found more than $37 million of credits for clients in the past 9 months, including millions for hotel owners, many with multiple locations. We do the hard work by handling the eligibility, documentation and calculation of your Employee Retention Credit – we even file your claim with the IRS! We are fast, easy to work with and ensure our hotel clients get the most credit they are eligible for. Don’t just listen to us – here’s what clients say about our work:
Parksettlement are specialists in the +150-page IRS rule book that accompanies the ERC Program. Simply put, the law is complicated and the consequences of getting it wrong – or even not getting it 100% right – are enormous. On average, our hotel owner clients get 40% more money from the US Treasury because we deeply understand complex issues like ERC-PPP overlap, shoulder periods, and how partial suspensions in operations from local regulations open up ERC eligibility to a broader group of hotels. In short, our clients get paid more and sleep better at night because of how good we are.