Assisting and consult businesses on the Employee Retention Credit for businesses affected negatively during 2020-2021
COVID-19 has been a challenge for all of us. As the world shut down the economy came to a halt, leaving the future of many businesses in a precarious position. As we begin to find normalcy again, businesses now have to focus on recovering and fortunately, several government programs are easing this process.
One such program is the Employee Retention Credit or ERC, which is a generous stimulus program designed to bolster those businesses that were able to retain their employees during this challenging time. Due to the extremely complex tax code and qualifications, it is severely underutilized. Details of the program include
Second, we provide a secure upload portal for you to upload the required payroll documentation and PPP information. We send that to one of our preferred accounting partners in our network they will review your submission to ensure we have all information required to maximize your credit with the IRS.
After analyzing your submission and documentation, our preferred accounting partners will provide an analysis outlining the exact amount of ERC credits they believe you are eligible for based on documentation you provided them. Once you sign our consulting agreement, we will assist you in showing you how to send in the revised 941X forms to the IRS that the accounting partner calculated.
Step three is to wait for the IRS to complete their processing. It will take 4-6 months, on average, for the IRS to process your ERC submission.
Unlike the PPP and the EIDL, the ERC is highly complicated and requires specialized knowledge. We have partnered with tax experts that have the experience in ERC tax credits. When you’re dealing with complex payroll and tax information, you need an expert with a more niched skill set than most bookkeepers or CPAs. In fact, many of our referrals come directly from CPAs who understand their clients require specialized assistance with their payroll needs, especially when dealing with the complicated ERC tax credit process.
Our accounting referral partners have decades of payroll experience and are uniquely positioned to assist you.
Our network of tax professionals will help you get the ERC credits your business is entitled to, saving you time and money in the process. They have the reputation, integrity and proven results you need now.