You pay us when you get your check from the IRS! There is no upfront fee. We commit to a free refund analysis for ERC using the latest practices. Once engaged, we have no hidden or surprise charges. We ensure 100% audit protection. The base fee of our service includes the preparatory work done by our professional CPA and tax attorneys for your businesses. We look into qualification, substantiation, calculations, filing, and claiming the ERC refunds.

The ERC is a refundable tax credit that incentivizes businesses to keep employees on their payroll, while the PPP is a loan program that provides small businesses with funds to pay their employees during the COVID-19 pandemic.

The ERC was introduced in the CARES Act in March 2020, but it was not widely publicized until later in the year. Many businesses and tax professionals are still unaware of the credit and its potential benefits.

The sooner you claim, the more funds you can receive. If you are eligible for ERC, it is highly recommended to claim the credit as soon as possible to maximize your refund.

Yes, businesses that were profitable or deemed essential can still qualify for the ERC as long as they meet other eligibility criteria.

The Employee Retention Credit (ERC) is a refundable tax credit that was introduced by the US government in 2020 as part of the CARES Act to encourage businesses to retain their employees during the COVID-19 pandemic. The credit is available to eligible employers who retained their employees and paid them during the pandemic. The ERC can provide significant financial benefits to eligible employers.

To qualify for the ERC, your business must meet certain criteria, including experiencing a decline in gross receipts or having to fully or partially suspend operations due to COVID-19. Additionally, there are specific guidelines regarding the number of employees and wages paid that must be met to qualify for the credit. An ERC specialist can help determine if your business is eligible.

No, the ERC is a refundable tax credit, which means that eligible employers can receive the credit as a refund even if they don’t owe any payroll taxes. The ERC does not need to be paid back.

The processing time for ERC refunds can vary, but the IRS has stated that it aims to process claims within 90 days. However, the actual processing time may depend on factors such as the complexity of the claim and the volume of claims being processed.

The ERC is calculated based on a percentage of the qualified wages and health plan expenses that the employer paid to employees during the qualifying period. The percentage varies depending on the period and whether the employer has more or less than 100 employees. An ERC specialist can help calculate the credit amount.

If you’ve been told that your business does not qualify for the ERC, it’s important to consult with an ERC specialist to review your specific situation. In some cases, it may be possible to identify missed opportunities to claim the credit or to correct errors in the previous filing.

After the ERC application is submitted to the IRS, it will be processed and reviewed by an agent. If the application is accepted, the refund will be issued to the employer, either as a check or as a direct deposit into the employer’s bank account.

To check the status of your ERC refund, you can use the IRS’s “Where’s My Refund?” tool, which provides information on the status of refunds. Additionally, an ERC specialist can provide updates on the status of the refund.

An ERC refund specialist can help ensure that you receive the maximum ERC refund that your business is entitled to. They have extensive knowledge and experience in navigating the ERC process and can help identify missed opportunities or errors in previous filings. They can also help ensure that your business complies with all ERC regulations and guidelines. For example, ERC is all we do. With over 70,000 pages of tax code, regular CPAs, tax advisors, or attorneys can’t be well-versed in ERC and its constant amendments. Say goodbye to the nuisance and let experts handle the job!

The ERC is available for wages paid after March 12, 2020, and before January 1, 2022.

Yes, you can claim ERC for employees who were furloughed or had reduced hours.

The ERC can be claimed in addition to other COVID-19 relief programs, such as the FFCRA.

No, you cannot claim ERC for employees who have left the company or been laid off.

Yes, you can claim ERC for certain owner-employees and family members, subject to certain limitations and eligibility requirements.

You should maintain documentation that supports your eligibility for the ERC, including documentation of your business operations, employee headcount, and wages paid to employees.

If you file an incorrect or fraudulent ERC claim, you may be subject to penalties, including fines and imprisonment. It is important to ensure that your ERC claim is accurate and supported by appropriate documentation.