Employee Retention Credit Is It Real 

 October 9, 2023

By  Jace W Campbell, CPA

Employee Retention Credit Is It Real

To answer your primary question. Yes, the employee retention credit is real. The Employee Retention Tax Credit (ERTC) is a refundable tax credit specifically designed for businesses that retain their employees during challenging financial periods. However, with all things tax-related, the details and implications are far more complex and warrant deeper exploration

Also read: Employee Retention Tax Credits: Deadlines & Eligibility

What is the Employee Retention Tax Credit (ERTC)?

The ERTC is a federal program intended to provide financial relief to businesses affected by specific crises. In a nutshell, it’s an incentive for employers to keep their staff employed during these challenging times… But what does that mean in practical terms?

It’s a tax credit—a reduction of your total tax bill. If you qualify for the ERTC, you can reduce what you owe in taxes by the amount of the credit. If your credit exceeds what you owe in taxes, then yes, it becomes “refundable,” meaning you could receive money back…

Qualifying for ERTC: The Basics

How does one qualify for this potentially beneficial program? The answer lies in several specific criteria laid out by the IRS… These guidelines aren’t arbitrary—they are designed to ensure that assistance goes where it’s most needed.

Primarily, eligibility hinges on whether your business operations were fully or partially suspended due to government orders related to COVID-19… Alternatively, if your gross receipts have fallen significantly compared to a similar quarter in 2019 (a 50% drop), then you may also be eligible.

Beware of Misinformation About ERTC

Intriguing as this program may seem at first glance… You must tread carefully. Not every so-called “ERTC expert” has your best interests at heart. Some firms use half-truths and deceptions to entice unsuspecting business owners into signing up for their services…

Understand this: You are ultimately responsible for these tax credit claims. Don’t let anyone convince you otherwise. Always approach such significant financial decisions with caution, conducting thorough research and consulting trusted experts…

JWC ERTC Advisory CPA: Your Reliable Guide to ERTC

In a realm rife with complexities and misinformation, where do you find trustworthy advice? One reliable guide through the labyrinth of ERTC is JWC ERTC Advisory CPA. Our team offers comprehensive assistance, helping you navigate the intricate landscape of ERTC… Our firm stands apart from others in our unwavering commitment to ethical, efficient service. We strive to help you maximize your potential benefits while strictly adhering to legal parameters.

Our approach is decidedly different than most. You won’t find us resorting to unsolicited calls or flooding your inbox with spam emails. We respect your time and aim to streamline our process for maximum efficiency—expect only 10-15 minutes on your end…

If qualifying via “full or partial suspension of operations” is your route, we’ll ensure it stands up under scrutiny. We ask tough questions not to justify our existence but rather to bulletproof your claim against any potential audit…

Also read: Employee Retention Credit Supply Chain Disruption

Why Engage JWC ERTC Advisory CPA?

Our firm’s practices are distinct from those of other so-called “ERTC specialists”… We stand by the integrity of our methods and guarantee an investment in our services will safeguard your interests.

We bring a unique solution to the table—our Ironclad Integrity Initiative. It is not just a catchy phrase; it’s a promise of transparency, integrity, and accuracy… This initiative underscores how we engage with clients, prioritizing their protection against IRS backlash and insulating them from the shady practices rampant among aggressive tax promoters…

As America’s first registered accounting firm specializing exclusively in ERC—without any distractions like income tax preparation or audits—we have fine-tuned our focus on this singular issue…

And while every marketer will implore you to “trust us”, we don’t just expect blind faith—we prove it. The three core pillars of the Ironclad Integrity Initiative clearly demonstrate our commitment to transparency and integrity by showing you exactly how we engage with our clients.

So yes, the employee retention credit is indeed real—and the benefits can be substantial. But understanding its complexities requires a trusted guide. If you’re seeking ethical, professional assistance, consider JWC ERTC Advisory CPA for your journey into ERTC.

The IRS Crackdown on ERC Promoters and Efforts to Curb ERTC Fraud

Recently, the IRS has been cracking down on fraudulent ERC promoters who exploit business owners’ lack of knowledge about this intricate program… The authorities are taking decisive action against those involved in ERTC fraud—another reason why it’s crucial to seek advice from reputable sources.

In conclusion… Yes, the employee retention credit is indeed real—and it could offer considerable financial benefits for your business. However, understanding its complexities and avoiding potential pitfalls requires vigilance and expertise. Consider seeking assistance from professionals like JWC ERTC Advisory CPA when exploring this avenue of financial relief.

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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