The Employee Retention Credit (ERC) 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.
Your business may be eligible for Employee Retention Credits. We’ll identify stimulus funds you are eligible for at no charge. Our designated firm only gets paid after you do.
Changes to the Federal Cares Act have made billions more funds available with expanded eligibility. You could get up to $26,000 per W-2 employee (up to 500 full-time employees only) if your business was affected during the pandemic’s beginning. Just think about this for a moment, ten qualified employees equal up to a $260,000 CASH refund.
Perhaps your CPA has told you that your business is not eligible. That may or may not be correct. The challenge is the ERC credit is taken on your payroll returns and not through your business income tax returns, which is what most CPAs handle. Most CPAs don’t process this credit unless they process your payroll in-house. Interestingly, we receive a large portion of our clients from CPA referrals.
The firm our advisory group works with on behalf of our clients specializes in ERC. They’ve helped over 6,000 businesses collect over $1.1 BILLION in REFUND checks so far. Will your business be next?
Even companies whose revenues went UP in 2020 may qualify.
And like contingency attorneys, they only get paid a very fair fee of 10%-15% when you get paid. If the application is not approved or you decide to cancel, they offer a NO-RISK guarantee.
They can quickly determine and maximize your company’s eligibility and then file all required paperwork (with complete backup documentation) before this program expires.
** This is not a loan but can be claimed against a portion of previous payroll taxes already paid to the IRS. It’s your refund to keep.
** This program is only available for a limited time.
** No financial risk. If you don’t qualify or receive any refund, you will owe them nothing.
** Not very difficult to qualify for, but it can be complicated with unique rules and laws to maximize your refund.
** This is not a “do-it-yourself” type of program; qualified submissions require 941-X amended payroll returns, copies of your PPP loan documents, and more. The ERC tax code provisions alone are over 200 pages.
** You could get up to $26,000 per employee if your business was affected during the pandemic’s beginning. There is more than one way to qualify for a refund.
** This is a REFUND check from the US Treasury that can be used for ANY purpose to help offset the impact on your business.
** Contrary to popular opinion – even amongst CPA firms, if you have existing PPP or PPP2 loans, you can still qualify.
What should you do next?
Go to: www.myERCguys.com
Watch the 6-minute video and read through the FAQs.
Next, in the upper right-hand corner, CLICK the BEGIN QUALIFYING button.
Isn’t 20 minutes of answering these important questions as accurately as you can worth $10,000s or $100,000s in potential payroll tax REFUNDS?
After this step, they’ll let you know how big a refund you qualify for (it takes 2-3 weeks of initial tax calculations), so you can decide how you’d like to proceed.
It is my personal goal to make enough business owners who persevered during a time when they had little control over events (government-ordered shutdowns, supply chain issues, employees getting sick, etc., etc.) and survived to serve their customers another day, get back a total of $10 million.
Together, we can make that goal (or better) a reality.
I look forward to doing what I can to help get you the full payroll tax refund that you may qualify for.
www.myERCguys.com
all the best… Mark
Mark J. Orr, CFP® RICP®
Certified Financial Planner™
PROACTIVE Tax Planning, LLC