The
Employee
Retention
Tax Credit

We help small businesses
get back on their feet

Our company is composed of a dedicated staff of tax attorneys and CPAs with decades of experience in all aspects of tax credits, payroll, and income taxes.

The Employee Retention Tax Credit

We help small businesses get back on their feet.

Our company is composed of a dedicated staff of tax attorneys and CPAs with decades of experience in all aspects of tax credits, payroll, and income taxes.

COVID-19 has been a terrible economic hurdle. In an effort to help, the US government has set aside a large pool of capital for small and medium businesses (SMBs) that were impacted. Their intention is to force capital back into the hands of the people who know how to put it to work: business owners.

The primary efforts were through the PPP program, and the Employee Retention Tax Credit (ERC or ERTC). The PPP program was well accepted, but the vast majority of qualifying businesses have not yet received the tax credits they deserve. The rules are clear in places but vague in others, and the process is quite labor intensive and cumbersome for day-to-day CPAs and bookkeepers. That is where we come in…

Here are some highlights of the ERC program:

➤ UP TO $26,000 PER EMPLOYEE
(must have a minimum of 5 W-2 employees)

➤ Available for part of 2020 & Q1 – Q3 2021

➤ It is likely you qualify if one of the following applies to you:

  1. Decreased Revenue: if your sales decreased (or grew slower than they should have) in 2020 or 2021 compared to 2019, OR
  2. Another COVID Related Impact – such as more expensive, complex or delayed supply chain, restricted hours of operation or space, or limited common procedures such as sales calls due to travel restrictions, etc., OR
  3. Full or Partial Shutdown of the Business due to requirements of any government authority.

The general qualifications for the ERC may seem simple, but the difficulty is in the detailed analysis of your financial results in one period versus another and the “grey area” within the interpretation of each ERC rule. Our team will bring decades of experience to ensure you get the money you deserve to receive.

Note that the ERC payment is not a loan, grant or credit against future earnings: it comes in the form of a check payable to your company to be spent as needed. For example, if you have 20 qualifying employees for all the quarters in question (2020 and part of 2021) you would receive a check for 20 x $26000= $520,000.

Up to $26K
per Employee

For part of 2020 &
Q1-Q3 2021

Decreased
Revenue

Qualify with
COVID

Frequently Asked Questions

Do I Have To Repay The ERC Credit?

No. This is not a loan. You receive a refund check from the US Treasury, and it is will never need to be paid back.

How much do you charge?

We charge a small percentage of the amount we assist you to qualify for. The fees will be determined in advance and stated in our services agreement after we give you the projected recovery amount, but prior to your decision to proceed.

Can’t I just have my CPA file?

Yes. But like many specialties, the team that does one thing – over and over – develops huge advantages. As opposed to the income tax realm, which most company CPAs deal with constantly, this is a payroll tax related issue, and our people are in and out of IRS/payroll issues all day long. In fact, we frequently get referral business from CPAs and tax attorneys because they realize we can run this credit through our specialty processes much more effectively than they can read and learn to do it – once or twice – while not distracting from their already heavy workload.

What if I received PPP funds?

An eligible employer can claim the ERC on any qualified wages that are not counted as payroll costs in obtaining PPP loan forgiveness. Any wages that could count toward eligibility for the ERC or PPP loan forgiveness can be applied to either of these two programs, but not both. We will make sure that you are in compliance with this rule prior to filing for your ERC claim. PPP funds will be an offset from the ERC funds, but you can still qualify for the ERC credit.

Can I qualify if my revenue went up in 2020?

Yes, but it takes some analyses of the underlying revenue which are too complex to go into here. However, if you were required to fully or partially shut down by a government authority, it is likely you will qualify despite an uptick in same period revenue from 2019 to 2020.

Will the ERC run out of money?

This is not a loan program with a fixed pool of funds. However, the statute of limitations to apply for the ERC is 3 years from the time you were required to file the applicable quarterly payroll tax returns. This means that the 2020 qualification door will begin closing in Spring 2023. The other quarters will gradually time- out, so it’s important to act now.

What happens if I get audited due to my ERC claim?

Our company provides audit protection for our work on your behalf. We are on the conservative end of the spectrum and do our best to keep the claims solidly within the bounds of the government’s intentions. However, in the very unlikely event our work results in an audit, we will represent you before the IRS as we do hundreds with numerous clients every year.

How long does it take to get my ERC Refund Check?

Here’s what the ERC Refund Check timeline looks like:
  • First, you provide us with the required documents as per our ERC Document Checklist
  • Next, we review and analyze them for qualification for the ERC
  • Then we provide you with an organized financial analysis and the exact expected ERC Refund Check amount.
This process will take a few weeks. If you wish to move forward, you sign the necessary paperwork, and we file the claim. Recently, ERC Refund Checks are being released and mailed in around 6-8 months.