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What to Know About ERTC Audits 

 November 21, 2023

By  Jace W Campbell, CPA

What to Know About ERTC Audits

The Employee Retention Tax Credit is a topic of interest for many businesses. Yet, as with any tax-related subject, it’s layered with complexities and potential pitfalls. That’s why it’s crucial to seek authoritative information and expert advice.

What is the Employee Retention Tax Credit?

Firstly, let’s address the primary question: What exactly is the Employee Retention Credit? In a nutshell, this government initiative provides relief to eligible businesses adversely affected by COVID-19… The ERTC helps offset some employment costs by providing tax credits. However, an in-depth exploration of this program would require extensive discussion.

Although we can’t delve into all intricacies here, we can certainly sketch out a general picture of what the ERTC entails… By understanding its basic aspects, you’ll be able to decide if further research is warranted…

Qualifying for the ERTC

Now that you have a basic understanding of what the ERTC is let’s look at how one qualifies for this credit… As per IRS guidelines, there are specific eligibility requirements that need to be met. These include having business operations partially or fully suspended due to government orders related to COVID-19…

Or experiencing a significant decline in gross receipts in a calendar quarter compared to 2019… Remember though: qualification for such credits isn’t straightforward and professional guidance often proves invaluable.

Read more: Employee Retention Credit Expiration Date

Deceptive Practices Around ERTC Claims

It’s critical you stay informed about potential deceptive practices related to ERTC claims… Some firms may promise guaranteed results or try to entice you with lofty promises… Beware! While navigating these tax matters can be daunting, falling victim to fraud can have serious repercussions…

Only trust reputable sources when researching or filing your ERTC claim… Any “expert” assuring guaranteed approval should raise red flags.

An Advisory That Puts Your Needs First: JWC ERTC Advisory CPA

As we approach the conclusion of this post, it’s necessary to discuss recent IRS crackdowns on ERC promoters and efforts to curb ERTC fraud… The IRS is stepping up audits and scrutinizing ERTC claims more rigorously than ever.

Also read: Are These ERTC Cold Calls Just a Scam?

Amidst these developments, businesses may feel an added sense of fear and uncertainty… But there’s a solution in sight: JWC ERTC Advisory CPA. We’re not just another firm – our approach prioritizes your unique needs and concerns…

Our team consists of experienced professionals who provide ethical, efficient services tailored to each client. We don’t promise miracles but offer realistic assessments based on sound financial knowledge.

Why Choose JWC ERTC Advisory?

Engaging with JWC ERTC Advisory provides you with peace of mind in an uncertain climate… Our independent eligibility review ensures accurate assessment for taxpayers who have previously filed for ERTC but have questions or are skeptical about their eligibility…

Moreover, we guide you through the process, alleviating fears associated with potential audits and helping you understand what gain you stand to make from these credits…In conclusion, the realm of tax credits like ERTC can be a minefield. But with reliable information and trusted advisors like JWC ERTC Advisory CPA, you can navigate it successfully… Consider taking your next step towards understanding the complexities of ERTC by seeking out expert assistance. After all, in matters of tax credits – knowledge is power… And we’re here to empower you.

How Confident Are You In Your ERTC Eligibility?

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

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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