What is the ERTC?
ERTC is a refundable tax credit program designed to reward businesses for retaining employees throughout the COVID-19 pandemic. Under the CARES Act, businesses that continued paying employees may qualify for tax credits of up to $26,000 per W2 employee!
SHOULD I APPLY FOR THE ERC MYSELF? (Or Ask My Accountant To Try?)
If you have not yet applied for the ERC rebate, the only crucial question to ask is “Do I need a lawyer to help me?” The answer is undeniably “YES.” If you and your accountant have not already discussed the ERC, you must assume the following:- Neither of you were previously aware of the ERC.
- Neither of you understand the intricacies of the ERC.
- Neither of you have the time or ability to properly submit the ERC. Unlike the PPP, which involved simple computations, the ERC evaluation may require interpretations of the law.
FAQs
What should I do if my CPA told me that my business does not meet the requirements?
Is it possible for my business to be eligible for ERTC even if it has taken PPP loans?
Is ERTC a loan?
What are the requirements to be eligible for the Employee Retention Credit?
Each W2 employee paid by your business during the pandemic may be eligible for a maximum refund of up to $26,000, assessed separately for each quarter. In 2020, businesses can claim up to $5,000 per employee, while in the first three quarters of 2021, businesses can claim up to $7,000 per employee per quarter. Our knowledgeable tax attorneys can conduct the necessary intricate analysis to determine the precise ERTC refund amount that your business may qualify for each quarter.
Our Attorneys have the expertise to optimize the amount of refund you can receive.
Our services can aid you in:
- Determining whether you are eligible for a refund
- Calculating the maximum amount of Employee Retention Tax Credits that your business is entitled to
- Preparing and filling out ERTC application and tax forms
- Submitting the ERTC application to the IRS.
There are no upfront fees or costs
We only receive our fee if we successfully help you recover the funds.
Our work is based on a contingency fee structure, which means you are not required to pay us until your business receives the ERTC check from the IRS.