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Submitted URL: https://www.tryercspecialistssolutions.com/
Effective URL: https://ercspecialists.com/
Submission: On July 14 via api from US — Scanned from DE
Effective URL: https://ercspecialists.com/
Submission: On July 14 via api from US — Scanned from DE
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* HomeFAQAboutTeamSupportIRS UpdatesBlog * Get Started HELPING YOUR BUSINESS GET UP TO $26K PER EMPLOYEE ON TAX REFUNDS. We specialize in maximizing ERC funding for small businesses. How much can I receive? WE ARE NO LONGER ACCEPTING NEW APPLICATIONS. ERC SPECIALISTS CLOSELY MONITORS INFORMATION REGARDING THE MORATORIUM THE IRS IMPOSED ON THE EMPLOYEE RETENTION CREDIT (ERC). ERC SPECIALISTS IS NO LONGER ACCEPTING NEW APPLICATIONS AS OF JANUARY 17, 2024. ALREADY FILED? CHECK THE STATUS OF YOUR APPLICATION HERE. Learn more WHAT IS THE EMPLOYEE RETENTION CREDIT? Watch this video of industry experts to learn more about ERC and how your business can benefit. Read the IRS news release UNDERSTANDING THE ERC The Employee Retention Credit or ERC is a generous stimulus program designed to bolster businesses that were able to retain their employees during the Covid-19 Pandemic by giving them a refundable tax credit check. Some of the benefits from this program include: * Up to $26,000 per employee * No limit on funding (ERC is not a loan) * Flexible use of funds * Available for 2020 & Q1-Q3 2021 AM I ELIGIBLE? You may be if you were impacted by any of the following: COVID-RELATED RESTRICTIONS REDUCTION IN REVENUE SUPPLY CHAIN DISRUPTORS Find out if you're eligible Eligibility Summary We’re a specialty tax company exclusively dedicated to understanding and maximizing the Employee Retention Credit (ERC) for businesses affected by COVID 19. Learn More WHY GO WITH ERC SPECIALISTS Getting you the biggest funding check. ALL WE DO IS ERC Our team strictly focuses on ERC allowing us to be the experts and resulting in more funding for your business. GET THE RETURN YOU DESERVE We evaluate your claim to ensure we get your credit correct. HELP EVERY STEP OF THE WAY All your questions will be answered with a dedicated team of ERC support specialists. FILE LIGHTNING FAST Our streamlined processes allow for faster results, which means you get your check faster. Let's get started THE NUMBERS SPEAK FOR THEMSELVES 50K+ Businesses Reached 600K+ Employees Found Eligible SUCCESS STORIES Helping you get as much as you deserve Home Health Care Escondido, CA $285,000 ERC Funds Received Reason Q2-Q4 2020, Q1-Q3 2021 Construction Company Vernon, NJ $890,000 ERC Funds Received Reason Eligible for Q2-Q4 2020 Church Davenport, IA $190,000 ERC Funds Received Reason Eligible for Q2-Q4 2020, Q1-Q3 2021 Auto Repair Shop Buffalo, NY $43,000 ERC Funds Received Reason Experienced supply chain disruption in 2021. Restaurant Atlanta, GA $72,000 ERC Funds Received Reason Eligible for Q2-Q4 2020, Q1-Q3 2021 WHAT OUR CLIENTS ARE SAYING Am I eligible? FREQUENTLY ASKED QUESTIONS Learn more FREQUENTLY ASKED QUESTIONS Do I have to repay the ERC credit? No. This is not a loan. It's a refundable tax credit. When we file your ERC claim we request a refund check for you. How much do you charge? Our service charge is based on a percentage of the credit recovered. We calculate and provide our fee with our free analysis. Since we are typically able to recover 10-20% more than someone less familiar with the program, our fee is very affordable. Just like a good CPA, using the right team for this process pays for itself. Can I just have my CPA file? Why should I use ERC Specialists? Of course. The challenge is the ERC credit is taken on your payroll returns and not through your business income tax returns, which is what most CPA's handle. Because of this most CPA's don't process this credit, unless they process your payroll in house. This is also a big 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. Interestingly, we receive a large portion of our clients from CPA's. At ERC Specialists we have decades of payroll experience, which has allowed us to specifically focus to understanding and maximizing the ERC program. In our experience we have found that due to the complexity (the ERC tax code is over 200 pages) and time investment necessary to understand the ERC program, very few are able to effectively maximize this sizeable credit for your business. Can I get ERC Funds if I already took the PPP? Yes. The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted December 27, 2020, modified the ERC credit rules. One of the modifications included allowing a company to have a PPP loan and still take advantage of the ERC credit. However, you can't use the same dollar for dollar funds. We take this into account when processing your ERC credit. My revenue went up in 2020, can I still qualify for the ERC program? Yes! There are two possible qualifications for 2020: revenue reduction, or a "full or partial shutdown of your business due to COVID-19". Specifically the IRS describes this as "A government authority required partial or full shutdown of your business during 2020 or 2021. This includes your operations being limited by commerce, inability to travel or restrictions of group meetings." Below are several examples of qualifying events: Example 1: A restaurant must close or limit its on-site dining. Such as having to close down every other table, due to COVID-19 restrictions. Example 2: A business that needs to meet with clients in person and has to cancel meetings due to COVID-19 restrictions. Example 3: A business has to reduce their operating hours because COVID-19 restrictions and cleaning requirements. Example 4: A business had delayed production timelines caused by supply chain disruptions. Example 5: A business with a planned event has to cancel that event, or restrict the amount of people who can attend due to COVID-19 restrictions. I'm a CPA or a payroll company, can I refer my clients to ERC Specialists? Yes. We also offer a referral/affiliate program. To learn more contact us. Will the ERC funds run out? This is not a lending program - tax refunds are issued by the US Treasury. Therefore, all eligible employers will receive the funds. How will I make payment? We understand your refund check may not arrive for several months (20 weeks minimum according to IRS documentation), so we offer two payment options - you may pay your fee upfront at a discount - or - the full fee can be deducted from your refund once received. Upfront payments can be completed by credit card. Regardless our fee is covered by our 100% Money Back Guarantee. If the IRS does not release the credit claimed for any reason, we will refund any payments made. I'm getting more in ERC Credit than I paid in taxes? Remember that this program is taken according to payroll taxes paid, not on income taxes. ERC funds not applied towards owed payroll taxes are treated as an 'overdeposit' of taxes that will be requested as a refund check from the IRS. As an owner do my wages, or the wages of any family member I employ qualify? Maybe. Wages of owners who have majority ownership, defined as over 50%, do not qualify, nor do the W2 wages of any immediate family members of the owner. In the case an owner has less than 50% ownership, their W2 wages qualify, as do the W2 wages paid to immediate family members. Can I qualify for the ERC if I'm self employed? No, if you are majority owner (over 50%) of your company then your wages do not qualify. How long does it take to get my ERC Credit? This is how the process works: you send us the required documents and we process an analysis at no charge. The process from start to finish usually happens in 2-3 weeks. If you wish to move forward, you will select your desired payment option and we file your claim. Once filed, refunds are released based on IRS backlog. Currently, the IRS has stipulated a 20 week minimum turnaround on the ERC refunds. Is the ERC Credit taxable? The ERC 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. Do I need to file the ERC credits received on my tax returns? Yes, the ERC funds will need to be reported on your income tax return. ERC Specialists 560 E. Timpanogos Circle Orem, UT 84097 HomeFAQAboutCareers SupportShutdown OrdersPrivacy PolicyTerms and Conditions Copyright © 2024 All rights reserved. ERC Specialists, LLC does not provide legal or accounting advice. Users of this site should consult with their lawyer and C.P.A. for legal and accounting advice.