FAQ

The Employee Retention Credit (ERC) is a refundable tax credit providing robust tax benefits. The program was first implemented as a temporary coronavirus relief provision to assist businesses in keeping employees on their payroll. Since then, the ERC has expanded significantly. As a result, Congress (with the ERC) has provided billions of dollars in tax relief for businesses that kept employees on payroll during the Pandemic.

Our team of experts is happy to review your case. We have been able to help hundreds of companies that were previously told they did not qualify.

You say “yes,” and we do the rest. We have an army of lawyers and accountants who specialize in this area. We collect a few documents from you and then have a “discovery call” to learn more about your situation. We do everything from there. Working with us significantly increases your chances of being approved, maximizing your credit, and ensuring you conform to the rigorous and confusing process.

Great question. The answer is nothing if we’re not successful. We collect a few documents and have a brief discovery call to learn more about your situation. That’s all that it will cost you. From there, there is no fee unless we get money for you.

The short answer is that doing so is not in your best interest.

If you had to draw up a tax provision that makes the IRS lie awake at night, it would be a refundable tax credit involving real dollars. The number of businesses that believe that they can create their own simple form, check a few boxes, and the IRS will whistle a happy tune is astonishing. While the ERC is certainly a taxpayer-friendly relief provision, the IRS is not just giving dollars away. To avoid heartache and headache down the road, businesses need to have counsel to properly and thoroughly document how their business qualifies for the ERC. Our firm’s experience significantly increases your chances of not missing this terrific tax incentive. Also, we ensure and commit to crossing all “t’s” and dotting all “i’s” to make sure the IRS is in a happy place.

We have seen as high as $26K per employee and an average of $20K per employee.

Yes! If your company previously received PPP loans, you will likely qualify for this tax credit. Receiving those funds does not disqualify you from participating in this program.

The IRS has issued guidelines which address both the economic and causation qualifications that a company must meet one of to satisfy the requirements of the statutes which created the ERC program. Most CPA’s and accountants prefer to remain on the first part of the qualification regime as it is mathematically driven and is black and white in its interpretation – you either hit it or you don’t. Unfortunately for approximately 90% of companies, they do not qualify under that test.

Which leads us to why Congress, in all its wisdom – either accidental or through some epiphany of foresight – included the second half of the qualification parameters for the ERC. This standard essentially says that the government recognizes that it caused damages to companies beyond that which can be recognized through a simple revenue test. This is recognized through the IRS guidelines in the examples of supply chain issues and access restrictions which caused reductions in productivity in both actual work and economic growth potential. We have set up our interviews and qualification systems to ensure that your company is either appropriately qualified or in some cases denied. This evaluation is one which, frankly stated, many accountants are not comfortable with making - nor should they be – that is why lawyers were invented.