Employer Retention Tax Credit (ERTC)

ertc

Quick facts :

2020 Coronavirus Aid, Relief, and Economic Security (CARES) Act provides a credit equal to 50 percent of qualified wages and health plan expenses paid after March 12, 2020 and before Jan. 1, 2021. A per-employee $10,000 maximum of qualified 2020 wages (Q2, Q3, Q4).

2021 ERTC increased to 70% of up to $10,000 in wages paid per employee per quarter for Q1, Q2, and Q3. That is a potential of up to $21,000 per employee for 2021 wages.

TaxesPlus ERTC Process:

Complete Form Below
Pre-Qualifier Phone Call with our team
Upload Data (941s, PPP loan documents, payroll reports required)
Credit Calculation & Review of Refunds & Fees
Engagement signed, forms finalized & filed (Final Invoice Due)

Employer Retention Tax Credit – Do I qualify?

Are you interested in finding out if you qualify for additional COVID relief from payroll for the years 2020-2021? TaxesPlus has worked with clients to amend client payroll returns to receive over $878,000 to date in additional refunds from the IRS. However, there is a deadline to filing an amended payroll return with the first deadline of July 31^st, 2023 – after that the IRS will not accept amendments for Q2 of 2020 which most people were impacted.

The amendment process starts with this first set of questions that we’ll determine if you’re eligible:

What is your business industry?*
What is your tax entity?*
Average number of employees 2020-2021*
Were you subjected to any government (local/state) shut down orders?*
Did you receive PPP?*
Was the PPP forgiven?
Average monthly payroll in 2020 Q2-Q4?*
Did you receive PPP2?*
Was PPP2 forgiven?
Average monthly payroll in 2021 (Q1-Q3)*
Did you suffer any revenue loss in 2020 or 2021?*
Business name:*
Business Location*
Street Address City ZIP / Postal Code
Contact Name*
Best email*
Company*
Best phone to reach*
Were you referred by a current client?
Please note your information is confidential as we abide by the IRS ethical standard of Circular 230. There is a no cost or obligation to be pre qualified. By submitting this form, you agree for a TaxesPlus team member to contact you and discuss details that you’ve provided so that we can determine the next steps and potential refunds (if any). This submission is not a guarantee that we will be able to engage with every client, but rather the start of a conversation to see if we can assist and benefit qualified business owners. The IRS turnaround we have seen is around 8 months or so far before they issue refund checks directly to the business taxpayer.

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Employer Retention Tax Credit (ERTC)

Quick facts :

TaxesPlus ERTC Process:

Employer Retention Tax Credit – Do I qualify?

WORK WITH THE KANSAS CITY EXPERTS

CONTACT US NOW