Download the Special Report
- Discover the origins of this "hidden" stimulus
- Learn why no so few advisors are talking about it; and,
- See how Dr. Henry cashed a check for $100k... on top of the two rounds of PPP loans totaling $123k.
If Your Business Was Impacted by COVID, See How Much You Should Get Back In a Refund Check . . .
The government has authorized billions in economic stimulus through the Employee Retention Tax Credit program, and yet hundreds of thousands millions of business owners will let much of this money go unclaimed. We've helped clients claim 8-figures so far . . . will your claim send us over the 9-figure mark?
You've heard conflicting advice from your banker, payroll service, bookkeeper, and perhaps even your own tax accountant.
Don't let the rumors and hearsay delay your refund check!
If your business was impacted by the pandemic, you are owed a check from the U.S. Treasury for hiring American workers - the only question is "How Much Will You Get?"
When you engage JWC ERTC Advisory CPA you'll work with a team of professionals whose sole focus is maximizing your legal claims to the Employee Retention Tax Credits now available to you based on the most recent legislation.
Having already received $123,876 in Payroll Protection Loans, Dr. Henry thought he had tapped out all the federal stimulus.
But we found another $102,250 in unclaimed funds that are his to spend however he likes - no strings attached.
Payroll . . . PPE . . . real estate . . . whatever he wants.
This money is not tied to future payroll expenditures. It is a refund for past payroll expenditures.
Download this Special Report to learn how every business owner can quickly claim thousands more in Employee Retention Tax Credits - and get a nice payday in the mail courtesy of the U.S. Treasury.
You're asking a CPA to explain something in more detail? That's dangerous.
In it we explain:
Big picture answer: the American Rescue Plan Act of 2021 (signed March 11, 2021) authorizes up to $33,000 in refunds per employee, but that amount varies substantially based on no less than a dozen factors - timing of revenue declines, receipt of PPP loans & forgiveness, turnover of employees, etc etc.
Realistically, there is no reasonable answer for how much you can expect back until we run a few numbers. We've helped some clients get back $2,000 per employee, while other businesses are expecting the full $33,000 per employee.
If you would like a ballpark estimate, check out our ERTC Calulator. It is the most accurate tax credit estimator available online right now. We've seen other tools that ask just for # of employees, average wages per employee, and PPP loan amounts. If you come across these, BUYER BEWARE: these high level inputs will result in an inaccurate estimate that may greatly over- or under-estimate your refund.
For our tool, you'll need more detailed information such as quarterly revenue back to Q1 2019, headcount by quarter, and W-3 wages paid for 2020.
Want the simplest answer? Just call us at (512) 790-7880 and speak with a CPA for a no-cost assessment of your situation.
Since maximizing your Employee Retention Tax Credits is all we do, we've made this incredibly easy to start. In fact, we've streamlined this process and will only require about 15 minutes of your time - from start to finish.
It really is that simple.
Our fees are based on a percentage of what we recover for you. Typically that range is between 7% and 10%. Be sure to let us know if you're a non-profit because we do have special non-profit rates.
We ask for a nominal 1% fee when we file your Form 941 or Form 941-X (depending on the facts of your situation).
The remainder isn't due until you get your refund check from the U.S. Department of Treasury.
(Did I mention how good it feels cashing a check from the Treasury that is not a result of you overpaying income taxes last year?)
Your Payroll Service does an excellent job of executing the fundamentals of paying your employees, paying your employment taxes and filing your quarterly reports.
But computing your ERTC credits requires visibility into your P&L and PPP forgiveness applications. Not only that, but the complex requirements around eligibility and allocating ERTC credits at the employee-level while accounting for annual and quarterly qualifying wage caps and . . . well, you can probably tell why Payroll Services are not offering to do all of this for you.
The Payroll Services that we’ve worked with so far are happy to provide the payroll registers that we need to perform the allocations. And they are happy to file the Amended Form 941-X with the IRS on our client’s behalf.
But that’s the extent of it.
In fact, most wise Payroll Services are asking clients to sign an indemnification waiver before submitting a Form 941-X because the Payroll Service can take no responsibility for the accuracy of the ERTC credits you are claiming.
For them to involve themselves in the intricacies of this calculation, it is a liability and beyond their scope of services.
You don't see a general surgeon for a heart transplant.
Even though a general surgeon is technically licensed to perform a heart transplant - when you need the job done right the first time, by someone who is experience and has focused their training on the most important thing for you in that moment . . . you see a cardiothoracic surgeon.
When you need income tax return preparation, you see a CPA who is experienced and focused their continuing education on income taxes.
When you need to maximize your Employee Retention Tax Credits related to COVID stimulusare both licensed to they are Cardiothoracic surgeons specialize in heart transpGP's, just because your dental license permits you to offer orthodontics doesn't mean you should figure out how to treatment plan orthodontics in your spare time. And especially not when it is the only time you'll ever do it. And . . . "spare time" . . . really? Who has that?
The same can be said for the CPA that handles your income taxes. He or she most likely only prepares your Federal and State Income Tax Returns. However, ERTC credits are claimed against Employment Taxes on Form 941, which is often handled by your payroll service.
The complexity of the ERTC program is a beast unto itself and every tax accountant we’ve talked to has said they are focused on income taxes and "they'll figure this out later".
Let's face it, your CPA is already in a crunch for time getting returns prepared. They are short-staffed (like most businesses) and it will be many months before they have time to "figure this out".
Preserve your relationship with your CPA, avoid putting them in the awkward position of "is it done yet?" and let our ERTC experts get the job done right the first time, and quickly.
You won't find us preparing income taxes, compiling financial statements or providing attestation services of any kind.
And that is exactly why CPA firms across the country send their clients to us.
They know we are experts in ERTC and they don't worry about us stealing their clients away for all the other services they provide so well.
When you engage us, rest assured that you've hired the best CPA Firm to lock in this one-time opportunity to claim your unclaimed stimulus money.