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Industries We Serve

Sporting Goods & Athletics

Do you operate in the sporting goods and athletics industry? Did you suffer financial losses or suspended operations during Covid-19? The ERC is an option.

Am I Eligible?

Check out these key points that could make you eligible for ERC funding

  • Partial or full suspension of operations 
  • Revenue decline due to supply chain disruptions or shift to online sales 
  • Operational restrictions 
  • Increased costs due to health and safety measures 
  • Event and in-person meeting cancellations 
  • Adaptation costs for remote work

The pandemic changed the game for all industries, including sporting goods and athletics. As an industry operating in the retail space, the first change was the shutdown of stores due government shutdown orders. Moreover, with sports events canceled, gyms shuttered, and recreational activities put on hold, these businesses faced a sharp decline in revenue online. The impact was felt not only in the sales of equipment and apparel but also in the cancellation of tournaments, races, and other events that were potential revenue sources. Thankfully, the US government was proactive in its response. Measures like the Employee Retention Credit (ERC) under the CARES Act were introduced to offer some financial relief. While the road to recovery can still feel like a marathon, there are still options available to recoup some of the lost revenue.

Seize the Moment: Apply for 2020-2021 ERC Tax Refunds

The ERC is still up for grabs in 2023 for all businesses. So, the first thing to keep in mind is that you haven't missed your chance. Even though the pandemic shutdowns were in 2020 and 2021, there is still the opportunity to claim the refundable tax credit. But here's the MVP move: getting the most out of it. And that's where our specialist team comes in – they're your coaches on the sideline, making sure you score the maximum credit you're entitled to. 

Expert Assistance Awaits: Get in Touch with Our Dedicated ERC Specialists to Maximize Your Refund Potential

Got questions about claiming that ERC tax credit for your sporting goods and athletics business? Don't sweat it – we're here to help you navigate the field. Whether you prefer a quick phone call at 1-888-210-8870 or a chat, we're ready to assist. Our process? As fast as a sprint down the track and as easy as a slam dunk. No pressure, no strings attached – just a friendly chat to see if you're eligible to join the winning team. Your success is our goal, so don't hesitate to get in touch.

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Check Your Eligibility for ERC with Sunrise Today

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