An Illustrative Example of How a Business Claims ERTC 

 January 6, 2024

By  Jace W Campbell, CPA

ertc claim example

Claiming Employee Retention Tax Credit (ERTC), a provision of the CARES Act, is an excellent way for businesses to recoup some costs during these challenging times… it’s also an intricate process with many nuances to consider. This blog post aims to break down the key aspects of claiming ERTC, making it easier for business owners to navigate this financial lifesaver..

First and foremost, we need to understand the basis for claiming ERTC… It lies in proving your eligibility. As a tax practitioner, I’ve seen many clients come with various ‘reasons’ they believe they qualify. However, it’s critical that these reasons are backed by evidence and align with the IRS guidelines. Examples include demonstrating that you have experienced a significant decline in gross receipts or a full or partial shutdown due to a government order.

How Confident Are You In Your ERTC Eligibility?

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

To solidify your claim, it’s crucial to document your business’s specific facts and circumstances meticulously… This evidence will form the backbone of your claim. The process can be tedious, but failing to do so can jeopardize your chance of successfully securing the ERTC when facing an IRS audit…

Also read: Is the Employee Retention Tax Credit a Real Thing?

Understanding Key Performance Metrics

To make a compelling argument for your ERTC claim, Key Performance Metrics (KPM) can be invaluable… They offer an objective snapshot of your business’s operational and financial situation during the pandemic. The main goal is to use these KPMs to illustrate how your business has been adversely affected…

KPMs can range from revenue figures and customer retention rates to employee headcount and operational costs. They demonstrate the challenges faced and decisions made every day to retain employees and continue operating under adverse conditions. It’s essential to present these metrics in a clear, understandable manner…

The Importance of Due Diligence

Given the potential for abuse and fraud, IRS has increased their vigilance regarding ERTC claims… As a responsible business owner, you should welcome this due diligence. After all, the goal is to ensure these much-needed funds go to those who genuinely qualify…

As a tax practitioner, I can assure you that IRS agents quickly gain confidence in ERTC filings that demonstrate rigorous and good faith attempts to document eligibility claims. Such thorough documentation, presented early, can greatly speed up the review process…

Engaging JWC ERTC Advisory CPA

Navigating the complexities of ERTC can be daunting, even overwhelming. That’s where expert guidance from JWC ERTC Advisory CPA comes in… We specialize in guiding businesses through the intricacies of the ERTC process…

Also read: Is the Employee Retention Tax Credit Legitimate?

Why Choose JWC ERTC Advisory CPA?

JWC ERTC Advisory CPA brings a unique approach to tackling your ERTC claims… We focus on helping our clients understand their eligibility, meticulously document their claims and confidently navigate potential audits. Our experience and expertise set us apart from other ERC firms…

Moreover, JWC ERTC Advisory CPA can help taxpayers who have previously filed for ERTC but are uncertain about their eligibility for the credits… We offer an independent eligibility review to provide peace of mind…

By working with JWC ERTC Advisory CPA, you gain the advantage of expert guidance. In these uncertain times, we aim to reduce your fear and uncertainty while maximizing your potential gains… Making a claim for the Employee Retention Tax Credit need not be an overwhelming task. With due diligence, careful documentation, and expert help, you can successfully navigate this process and secure the financial aid your business needs…

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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