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Effective URL: https://ercspecialists.com/?fpr=sheridan64
Submission: On November 26 via api from JP — Scanned from JP
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* Home * What is ERC? * Why ERC Specialists? * ERC Qualifications * About * Testimonials * TEAM * Press * FAQ * Support * BLOG Begin Qualifying ERC FUNDING CAN BE COMPLICATED. We can help. WE SPECIALIZE IN MAXIMIZING ERC FUNDING FOR SMALL BUSINESSES. Find out if you qualify WHAT IS THE EMPLOYEE RETENTION CREDIT? WATCH THIS VIDEO TO LEARN MORE. The Employee Retention Credit COVID-19 has been a challenge for all of us. As the world shut down the economy came to a halt, leaving the future of many businesses in a precarious position. As we begin to find normalcy again, businesses now have to focus on recovering and fortunately, several government programs are easing this process. One such program is the Employee Retention Credit or ERC, which 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. Details of the program include: Up to $26,000 per employee available for 2020 & Q1 - Q3 2021 Qualify with decreased revenue or covid event No limit on funding (erc is not a loan) ERC is a refundable tax credit see the irs tax code THE NUMBERS SPEAK FOR THEMSELVES OVER 15,000 Businesses REACHED 200,000+ Employees Qualified Credits Recovered IN ALL 50 STATES! CUSTOMER TESTIMONIALS 3:33 2:20 1:04 2:00 1:55 2:19 2:13 VIEW MORE TESTIMONIALS WHY ERC SPECIALISTS? DEDICATED TO ERC No need to be the guinea pig for your CPA. We average 10-20% more funding than a CPA not familiar with the program. MAXIMUM FUNDING We evaluate your claim in every way possible to ensure we maximize your credit. LIGHTNING FAST RESULTS Our streamlined processes allow for faster results, which means faster funding. ERC PROGRAM SPECIALISTS Our team strictly focuses on ERC allowing us to be the experts and resulting in more funding for your business. PROFESSIONAL SUPPORT Although our process is quick and painless, when you have questions we have answers with a dedicated team of ERC support specialists READY TO GET STARTED? Begin Qualifying Small Business is Our Specialty Our Company Specializes in Maximizing ERC Funding for Small Businesses Begin Qualifying ERC QUALIFICATIONS WHILE THE GENERAL QUALIFICATIONS FOR THE ERC PROGRAM SEEM SIMPLE, THE INTERPRETATION OF EACH QUALIFICATION IS VERY COMPLEX. OUR SIGNIFICANT EXPERIENCE ALLOWS US TO ENSURE WE MAXIMIZE ANY QUALIFICATIONS THAT MAY BE AVAILABLE TO YOUR COMPANY. Full or Partial Suspension of Business Operations 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. Gross Receipts Reduction Gross receipt reduction criteria are different for 2020 and 2021 but are measured against the current quarter as compared to 2019 pre-COVID amounts. View our ERC summary table View our ERC summary table WHAT OUR CLIENTS ARE SAYING Rating 4.6 Hatem Hajri 4 days ago EXCELLENT SERVICE, ITS A TRUE COMPANY AND NOT A SCAM WEBSITE, HIGHLY RECOMMENDED. Read more Posted on Google Galt Chamber 8 days ago Outstanding customer service! This was a clean, smooth-flowing process. Excellent follow up. Thank you for taking this on for us, ERC Specialists! Huge value for us -- not to mention a giant time-saver! Thank you, Hanna, for your kindness, time, follow through, and most impressive problem-solving skills and turn-around-time! Employees like you mean the world to businesses like ours. Thank you! Keep up the great work! Galt Chamber of Commerce Team Read more Posted on Google Floor Magic 29 days ago As Owner of Floor Magic it was recommended from a trade group I belong to to apply for the Employee Retention Credit through ERC. ERC's specialists made the application process exceedingly simple. ERC properly explained the process and the time it would take to receive the credits if we were approved. Each month I received an email updating me of the progress if there were any. My process took 6-1/2 months with checks from the United States Treasury. The ERC program has given me piece of mind to maintain my full staff throughout the Covid-19 Pandemic period. Thank you ERC Specialists Read more Posted on Google John Ogden 1 month ago Great experience- helped me get a lot of money back. Posted on Google ather Kasyouhannon 1 month ago My name is Ace and I own Lew’s Market in San Diego California. I was told about ERC and what they offered by my brother in law. Working with ERC was easy and efficient. I would recommend them to anyone who owns a business. Read more Posted on Google CUSTOMER TESTIMONIALS WHAT OUR CLIENTS ARE SAYING WHEN I HEARD ABOUT THE ERC PROGRAM I REACHED OUT TO MY CPA. 30 MINUTES LATER HE CALLED AND SAID I DIDN'T QUALIFY. OUT OF CURIOSITY, I HAD ERC SPECIALISTS SEE IF I QUALIFIED. TURNS OUT I RECEIVED THE ERC FOR 7 OF MY 9 EMPLOYEES. HIGHLY RECOMMENDED. SCOTT MOORE THE PROCESS WAS SO SMOOTH AND PAINLESS. ERC SPECIALISTS WAS HIGHLY PROFESSIONAL AND THOROUGH. THEY ALSO GAVE ME ADVICE ON HOW TO BEST QUALIFY FOR ADDITIONAL FUNDS IN THE FUTURE. I HAD A GREAT EXPERIENCE AND WOULD RECOMMEND THEM TO ANY BUSINESS OWNER. DEVEN RASMUSSEN WHAT OUR CLIENTS ARE SAYING WHEN I HEARD ABOUT THE ERC PROGRAM I REACHED OUT TO MY CPA. 30 MINUTES LATER HE CALLED AND SAID I DIDN'T QUALIFY. OUT OF CURIOSITY, I HAD ERC SPECIALISTS SEE IF I QUALIFIED. TURNS OUT I RECEIVED THE ERC FOR 7 OF MY 9 EMPLOYEES. HIGHLY RECOMMENDED. SCOTT MOORE THE PROCESS WAS SO SMOOTH AND PAINLESS. ERC SPECIALISTS WAS HIGHLY PROFESSIONAL AND THOROUGH. THEY ALSO GAVE ME ADVICE ON HOW TO BEST QUALIFY FOR ADDITIONAL FUNDS IN THE FUTURE. I HAD A GREAT EXPERIENCE AND WOULD RECOMMEND THEM TO ANY BUSINESS OWNER. DEVEN RASMUSSEN 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't I just have my CPA file? Why would 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. STILL HAVE A QUESTION? VISIT OUR SUPPORT PORTAL HERE. READY TO GET STARTED? Begin Qualifying © 2022 | Privacy Policy ABOUT ERC SPECIALISTS ERC Specialists is a specialty tax service company exclusively dedicated to understanding and maximizing the CARES Act Employee Retention Credit (ERC) for small businesses affected negatively by COVID 19. 560 E. Timpanogos Circle Orem, UT 84097 QUICK LINKS What is ERC? Why ERC Specialists? ERC Qualifications About Testimonials Team Press FAQ Support ERC Specialists, LLC DOES NOT provide any legal or accounting advice and users of this web site should consult with their own lawyer and C.P.A. for legal and accounting advice.