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What is the Deadline for Applying for ERTC in 2023? 

 January 5, 2024

By  Jace W Campbell, CPA

Deadline for Applying for ERTC in 2023

The deadline for applying for the Employee Retention Credit (ERTC) in 2023 is not yet officially released by the Internal Revenue Service (IRS). However, it’s essential to keep an eye on updates from reliable sources such as IRS.gov and Treasury.gov. The IRS often adjusts its deadlines… and ERTC, being a critical financial relief measure for businesses, may see similar changes.

How Confident Are You In Your ERTC Eligibility?

Watch Our Video Explaining the Fraud We’ve Seen From National ERC Promoters

Can New Businesses Started in 2020 Receive ERTC?

The answer is a resounding yes. If a business began operations after February 15, 2020, and averages less than 1 million of annual revenue over a three-year startup period, they automatically qualify for ERTC for the third and fourth quarters of 2021. The qualifying period encompasses all of Q3 and Q4 of 2021. Qualifying wages are defined in the same way as other **ERC claimants**, and the credit amount is 70% of those qualifying wages with a cap of 10,000 per employee per quarter.

The Importance of Time in Applying for ERTC

The ticking clock is a critical factor in the process of applying for ERTC. The window of opportunity to claim these credits is rapidly closing… This places an inherent urgency on small business owners who must wade through an ocean of complex information and shifting deadlines… They need clear, accurate, and trustworthy guidance… More importantly, they require a partner — someone more than just a service provider.

Also read: How do you apply for ERC?

In this convoluted landscape, teeming with noise and often-conflicting messages, trust has emerged as the most valuable commodity. Businesses need an ally they can trust implicitly; an entity that radiates integrity in a crowded and often dubious market… They need someone who can steer them towards clarity with honesty. The challenge isn’t just about fishing out the right information; it’s about forming the right relationships…

It is this relationship, once established, that will empower businesses to move beyond the fear and uncertainty, make informed decisions, and harness the full potential of the ERTC program…

Your Next Step in ERTC Exploration

The primary objective of this section is to facilitate your transition to the next stage in your ERTC exploration journey. From this juncture, you’re likely to traverse one of two paths:

1. You comprehend why you might legitimately qualify for these credits and are prepared to consult someone to further scrutinize your situation.

2. You discern that you do not qualify — thereby saving yourself from making unnecessary calls or worse, erroneously claiming ERC with another firm only to face penalties and interest from the IRS several years down the line…

We’ve included a video consultation below to serve as your crash course in ERTC for Business Owners. While it was initially intended to be a 10-minute video, it evolved into a 25-minute segment due to the importance and complexity of explaining these credits…

Understanding Full or Partial Suspension of Operations

One of the key concepts to comprehend when claiming ERTC is the full or partial suspension of operations… It’s not as straightforward as it might initially seem… A deep understanding of this will allow businesses to determine their eligibility more accurately and apply for these credits effectively… Time, transparency, and trust remain the bedrock of a successful ERTC application… And the guidance from a reliable partner like JWC ERTC Advisory CPA can make all the difference in this journey..

Also read: What are the Qualifications for Claiming ERTC?

Why Choose JWC ERTC Advisory CPA?

In an environment filled with noise and conflicting messages, trust has become the most valuable commodity… This is where JWC ERTC Advisory CPA stands out. We are not just another ERC firm; we distinguish ourselves by offering reliable information and guidance… Furthermore, our commitment to integrity makes us an ideal choice for businesses seeking to navigate the ERTC process… Our aim is not just to provide a service, but to build a relationship based on trust and mutual benefit…

IRS Crackdown on ERTC Fraud

It’s worth noting that the IRS has recently stepped up its efforts to curb ERTC fraud. This crackdown includes extending their target processing timeline from 90 days to 180 days. This extended timeline allows them to execute fraud prevention measures and identify potentially problematic filings prior to issuing checks… So, it’s crucial to ensure your ERTC application is accurate and complies with all the necessary regulations…

The Benefits of Working with JWC ERTC Advisory

Choosing to work with JWC ERTC Advisory comes with numerous benefits. We can alleviate the fear and uncertainty that often accompanies the ERTC application process… Additionally, we provide an independent eligibility review for taxpayers who have previously filed for ERTC but have questions or doubts about their eligibility for the credits… In this rapidly changing environment, we are a partner you can trust, offering reassurance in the face of uncertainty and potential gains from a successful application…

Conclusion

As the deadline for applying for ERTC in 2023 approaches, it’s crucial to understand the process clearly… New businesses started in 2020 can also take advantage of this credit opportunity… However, it’s essential to have trustworthy guidance, particularly in light of recent IRS crackdowns on ERTC fraud… Therefore, choosing a reliable partner like JWC ERTC Advisory CPA becomes even more important… We stand ready to help you navigate this process and maximize your potential gains from ERTC…

Jace W Campbell, CPA


Jace founded JWC ERTC Advisory CPA in March 2021 as the nation's first and only public accounting firm focused solely on ERC . . . and nothing else. He has personally signed over 9,000 ERTC claims and is proud to be executing these claims conservatively, and how intended by Congress.

He has a passion for educating clients so they can make the best decision for themselves.  If you read articles and watch videos that Jace produced in 2021, his approach is the same now as it was then.

While other firms pivot their messaging to comply with new IRS guidance, Jace continues preaching the same conservative principles that have helped clients recover hundreds of millions . . . while sleeping easy at night.

related posts:


Can You Claim Employee Retention Credit in 2023?


Can You Claim the Employee Retention Credit in 2022?


Employee Retention Credit Scams: What You Need to Know

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