Can You Claim Employee Retention Credit in 2023? 

 January 14, 2024

By  Jace W Campbell, CPA

Claim Employee Retention Credit in 2023

The question of the hour: Can You Claim Employee Retention Credit in 2023? While the specifics are subject to change as the IRS releases new guidance, current understanding of the law would suggest there might be possibilities to claim ERTC even in 2023… Depending on the specific circumstances of your business. The complex nature of the ERTC and associated regulations necessitate careful scrutiny and deep understanding.

How Confident Are You In Your ERTC Eligibility?

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

Understanding Employee Retention Tax Credits (ERTC)

Before we dive deep into whether ERTC claims can be made in 2023, it’s essential to understand what exactly ERTC is… The Employee Retention Tax Credit is a refundable tax credit designed to incentivize employers to keep employees on their payroll during times of significant disruption like the COVID-19 pandemic…

Understanding these intricacies and how they apply to your unique situation is paramount, as you’re ultimately responsible for these tax credit claims. You might come across many so-called “experts” offering advice on ERTC claims, but gaining a personal understanding of the fundamentals will enable you to make informed decisions about how best to navigate this process…

Decoding the Eligibility for Employee Retention Tax Credits

An array of businesses and non-profit organizations in the United States stand eligible to claim Employee Retention Credits, given they retained W-2 employees on their payroll amid the pandemic, and they paid payroll taxes on those employees… This expansive eligibility underscores the need to grasp your obligations and entitlements concerning ERTC claims.

While it is crucial to understand these nuances and how they apply to your unique situation, it’s equally important to remember that the ultimate responsibility for these tax credit claims rests with you… There are multitudes of “experts” floating around, offering advice on ERTC claims. However, solidifying your understanding of the fundamentals will empower you to make well-informed decisions on how best to traverse this process…

The Ins and Outs of Employee Retention Tax Credit

The Employee Retention Tax Credit (ERTC), at its core, is a refundable tax credit meticulously designed for businesses that hold onto their employees during periods of financial hardship. The cornerstone behind it was acknowledging the challenges many confronted during unparalleled circumstances like the COVID-19 pandemic…

Whether you’re augmenting your ERTC knowledge via Google searches or you’re a veteran CPA scouting for efficient ways to ethically serve your clientele, always bear in mind that knowledge translates into power when it comes to understanding and leveraging programs like ERTC…

Now, this brings us to an all-important question – what is the Employee Retention Tax Credit? Well, in a nutshell, the ERTC is a financial relief specifically designed to incentivize businesses to retain their employees amidst trying times. The idea behind it was acknowledging the hardships that many businesses encountered during unforeseen circumstances like the COVID-19 pandemic…

This guide’s aim is to unravel various aspects of the Employee Retention Tax Credit Program in a digestible question-and-answer format. This layout can be easily searched and cataloged, enabling taxpayers to research the program and determine if it’s worth their time to seek the assistance of JWC ERTC Advisory CPA for claiming the credits…

Deceptions Firms Use To Entice You For ERTC

It’s unfortunate but true – there are firms out there using lies and deceptions to entice businesses into signing up for their services related to ERTC. They may promise you guaranteed results or suggest that they have some insider knowledge that can increase your ERTC claim. Remember, these are red flags.It is your responsibility as a business owner to discern these deceptions and make informed decisions.

The Role of JWC ERTC Advisory CPA

When you engage with JWC ERTC Advisory CPA, you’re choosing a partner committed to integrity and transparency. Our focus is not just on assisting you with the claim process, but also on educating you about the complexities involved, so you can make informed decisions. We understand the dimensions of fear, uncertainty and gain associated with claiming ERTC… Our aim is to reduce the fear and uncertainty while maximizing your potential gains…

To those taxpayers who have previously filed for ERTC but have questions or are skeptical of their eligibility for the credits, we offer an independent eligibility review. Engage with JWC ERTC Advisory CPA for a hassle-free, transparent and informed approach to claiming your Employee Retention Credit.

In conclusion, while claiming Employee Retention Credit in 2023 might be possible based on the specific circumstances of your business, it’s crucial to seek professional advice from a trusted source like JWC ERTC Advisory CPA. Our commitment is to provide you with accurate and up-to-date information, helping you navigate this complex process with confidence.

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 the Employee Retention Credit in 2022?

Employee Retention Credit Scams: What You Need to Know

Can You Claim Employee Retention Credit in 2024?

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