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How Does Employee Retention Credit Work? 

 October 6, 2023

By  Jace W Campbell, CPA

How Does Employee Retention Credit Work

The Employee Retention Credit (ERTC) is a tax relief initiative set up by the U.S government to encourage businesses to keep their employees on payroll during periods of significant economic disruption… Specifically, those brought on by the COVID-19 pandemic. While it’s tempting to get lost in the jargon, at its core, it’s a tax credit designed to relieve some of the financial stress for employers during this challenging period..

Qualifying for the ERTC: What You Need To Know

To qualify for this credit, businesses need to meet specific criteria outlined by the IRS… These conditions include experiencing a partial or full suspension of operations due to government restrictions related to COVID-19 and suffering from a significant decline in gross receipts compared to previous quarters. Notably, it’s crucial that businesses apply with absolute honesty and precision…

The IRS is diligent about ensuring that only qualified entities receive this benefit and has put in place measures to prevent abuse of this tax relief system…

Potential Pitfalls: Misrepresentation and Fraudulent Claim

Some firms may resort to dishonest practices to secure these credits — such as falsifying operational disruption or exaggerating declines in revenue… As a business owner, you should be wary of any entity promising guaranteed results without due diligence. After all, if an offer sounds too good to be true, it probably is.

Also read: How Do I Check the Status of My ERC Refund?

IRS Crackdown: Combatting ERTC Fraud

The IRS isn’t just standing by idly when it comes to fraudulent claims… In fact, there’s been an increase in audits and investigations into suspected fraud. Businesses found guilty of making false claims could face hefty fines and penalties…

In this context, it’s clear that getting professional advice is crucial. And that’s where JWC ERTC Advisory CPA comes in…

The Crucial Role of JWC ERTC Advisory CPA in Navigating the ERTC Landscape**

Engaging with JWC ERTC Advisory CPA offers more than just a comprehensive understanding of the Employee Retention Credit (ERTC). It’s about securing a partner who can guide you through the complexities of this tax credit landscape, ensuring that your business meets all necessary criteria while avoiding potential pitfalls…

Unlike many other ERTC “specialists,” JWC is built on a foundation of integrity and transparency… Their firm doesn’t resort to aggressive marketing tactics such as cold calling or spam emails. Instead, their focus is on providing high-quality service and expertise to those who seek it…

The process with JWC ERTC Advisory CPA isn’t cumbersome either. In fact, their goal is to keep it streamlined and efficient — typically requiring only 10-15 minutes of your time… This allows you to focus more on running your business and less on navigating complicated tax credit protocols…

Vigilance and Preparedness: The Importance of Proving Your Eligibility

However, simplicity does not mean leniency. Particularly if your qualification for the ERTC hinges on “full or partial suspension of operations,” you should be prepared to answer some tough questions… And this rigorous approach serves an essential purpose…

By challenging your eligibility claim, JWC ERTC Advisory CPA isn’t just playing devil’s advocate or trying to justify their role. Instead, they’re working diligently to ensure that any refunds are legally maximized. They also want to protect you in case of an IRS audit, ensuring you receive a “No Audit Adjustment” bill indicating full compliance with the law…

Safeguarding Your Investment: Why Choose JWC ERTC Advisory CPA?

In essence, choosing JWC ERTC Advisory CPA is about more than securing tax credits. It’s about investing in peace of mind… Engaging with their firm ensures that you’re in the safe, knowledgeable hands of professionals who understand the intricacies of the ERTC…

Furthermore, their commitment to ethical business practices sets them apart from others in this field… With JWC, you can trust that you’re receiving honest advice and service — a safe investment not just for your business, but also for its future…

Take The Next Step: Engage With JWC ERTC Advisory Today!

In conclusion, while applying for the Employee Retention Credit (ERTC) might seem daunting due to its complexities, it’s an opportunity for eligible businesses to receive significant financial relief during these trying times… The key is getting expert help — a reliable guide who understands not just what this program entails but how it applies to your specific situation.

So why wait? Reach out to JWC ERTC Advisory CPA today. Let them take on the challenge so you can focus on running your business. After all, it’s more than just about securing a credit — it’s about safeguarding your business’s future.

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?


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