Many CPA’s tell their client they do not qualify for the ERTC program. We spent a lot of time understanding the qualifications criteria and many of these CPA’s were wrong! There are many criteria that are specified in a document of more than 200 pages from the IRS that over the past year already got many amendments which make the understanding of the criteria a laborious process and lead some adviser to use the easy way by stating their client do not qualify. Some of the criteria that needs to be taken into consideration to be eligible for this program are:

• Full or partial suspension of business operations
• Your business experienced a reduction in revenue in 2020 and/or 2021
• Your business operations were limited by commerce, inability to travel or restrictions of group meetings
• Your business operations suffered from your vendors limitations

No. The ERTC is a refundable tax credit not a loan. When we file your ERTC claim a refund check will be sent to you.

CPA’s use our team for all their clients for a reason. You can surely use your CPA and try to make this work, however you’ll quickly realize this won’t work, and if you file with mistakes or incorrectly, it’ll be very difficult to try again. There are several challenges to overcome. Our team consists of tax attorneys, CPAs, and ex IRS workers to facilitate our process to achieve the highest approval rate in the industry.

CPA’s will have a lot to learn in order to file for the ERTC on your behalf correctly and will need to provide a 15 page letter of opinion as well as a 50 page ERTC assessment documentation. This can take months to years. The ERTC credit is taken on your payroll returns and not through your business income tax returns, most CPA’s do not handle such services for your company. Because of this most CPA’s don’t process this credit, unless they process your payroll in house and took the time to fully understand the complexity of this IRS program with all the amendments that followed. This is also the main reason why this credit is so underutilized. Since CPA’s don’t typically handle it and they are the tax experts, it has mostly fallen in a middle ground where few are able to effectively process the credit.

ERTC team members sole business is to help small business owners in getting the maximum credit refund they are entitled to. Over the past year, we have been specifically focusing on the understanding of the ERTC’s complex qualifications criteria and maximizing the ERTC program refund for our customers. In our experience and due to the complexity (the ERTC tax code is over 200 pages) and time investment necessary to understand the ERTC program, very few are able to effectively maximize this large credit for your business.

Yes. The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted December 27, 2020, modified the ERTC credit rules. One of the modifications included allowing a company to have a PPP loan and still take advantage of the ERTC credit. However, you can’t double dip.

Yes! There are many possible ways to be eligible for the ERTC program for 2020 and 2021 if you had an increase in revenue during these periods. Some of them include but are not limited to a full or partial shutdown of your business due to COVID-19, loss of revenue opportunities due to covid, broken supply chain, etc… This includes your operations being limited by commerce, inability to travel or restrictions of group meetings, staff hiring issues, and more.

They are many examples of businesses that did not think they would qualify while they did due to COVID-19 restrictions imposed by the government:

Restaurants had to fully close during a period last year and when they reopened they could not reopen to full capacity, businesses that were conducting their operations by meeting with clients in person and has to cancel meetings due to COVID-19 restrictions, businesses had to reduce their operating hours, businesses had to spend more time between clients due to cleaning requirements, businesses had to stop sales as their inventory was not delivered in time, businesses had to cancel events, restrict access to attendees, etc

A business owner and his/her spouse are able to include their and family members W2 wages in the ERTC calculation if both the business owner and spouse have no living family members or both control less than 50% of the company! All other owners controlling more than 50% of a business and any family members’ W2 wages are not eligible for ERC.

Same as above. Now if you run your business as a sole proprietorship, then you do not qualify.

$0 till you get your first refund. % of the amount recovered depending based on total amount recovered & payable when you get your refund.

The ERTC credit is not considered income for federal income tax purposes, but you must reduce any deductible wage expenses by the amount of the credit. Please provide the credit information to your CPA for tax purposes.