The IRS launched ERC in 2020 to subsidize business owners to retain their employees and recently extended its covered period to the end of 2021. That means, as long as your business is in operation in 2020 OR in 2021, you are eligible for money (tax credit) to cover wages paid to your employees.
Does it sound like PPP? Actually, it’s better, because you don’t have to worry about paying it back or how to use it. As long as you’re eligible, the IRS will send you the check and off you go – no question asked.
Why is it less popular than PPP? Because it’s a complicated tax matter whose rules changed three times. In order to MAXIMIZE your eligible tax credit, not only do you have to be a certified accountant, you need expertise in ERC.
NOT TRUE! Companies with flat to even increased revenues were and still continue to be impacted can still qualify!!! How? We will do a deep dive into how your business was impacted based on your revenue sources and if we can show that your operations were negatively impacted, YOU QUALIFY!
NOT TRUE! If operational hours are limited or if suppliers of an essential business are suspended due to governmental orders, YOU QUALIFY!
NOT TRUE! Thanks to the Consolidated Appropriations Act, 2021, which amended the PPP program so that qualified wages are not included with determining PPP forgiveness! so... YOU QUALIFY!
NOT TRUE! If you as an ESSENTIAL BUSINESS are impacted because of your suppliers operations are suspended due to a government order! YOU QUALIFY!
NOT TRUE! ERTC is a TAX CREDIT based on paid employment taxes! YOU QUALIFY!
NOT TRUE! This is determined by the definition and calculation difference between SBA and Internal Revenue Code. With PPP they don't considered PT or FT, but for ERTC PT and FT is considered so may have 2 PT making up one FTE! So... YOU QUALIFY
NOT TRUE! As long as you qualify under either of the 2 conditions, YOU QUALIFY!!!
How? For businesses with more than 500 employees will be evaluate qualified wages paid to employees that were not working! These includeds contributions to health plan expenses + wages paid to non-FTE employees! We just need SUPPORTING DOCUMENTATION and YOU QUALIFY!!!
NOT TRUE! For ERTC, federal employment deposits are not required if applying for ERTC. BOTH employee AND employer portions of Social Security, Medicare AND employee federal withholdings are included with the federal employment deposit. NERVOUS? DON'T WORRY! Employees will still be credited as if portions for Social Security, Medicare and employee federal withholdings are paid!
HERE'S WHY! Payroll companies will NOT help you determine what are considered qualified wages for each employee! Aside from this, there are additional layers of complex considerations for the final calculations to help calculate the accurate maximum your business can actually qualify for, WE DO!!
Yes, you can apply for ERC with any certified accountant.
But do you want to know why you’d want to consult with experts?
Here are some of the real case studies that happen frequently:
So it is up to you.
If you’d like to pay a little to get a little money, please go ahead.
But if you’d like to get the maximum amount of ERC you never imagined you’re qualified for, consult with the experts.
Closers Corp’s team of top notch CPAs has processed ERC since its inception in 2020.
We’ve heard of it all, we’ve processed all kinds. We are not only industry leading experts in ERC, we will not pay us unless you’re qualified.
First and foremost, we pride in our expertise and professionalism that delivers the best customer experience that turned our clients into raving fans.
That is why so many clients come back to us with more business and more referrals.
If you want to join the happy crowd, book your FREE consultation below.
It is ABSOLUTELY FREE.
Upload your documents and relevant data via our secure portal.
Our ERC experts will work on your application to maximize your eligible credit.
We will notify you of the amount that you are entitled to and file on your behalf.
We closely monitor the status of your application. Any updates will be notified to you immediately.
Take advantage of our 100% success rate and receive your check in the mail!
Don’t want to wait for your ERC check to come in?
We can help! Submit your questionnaire and ask us how!