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.
On this page we'll cover:
The government has authorized billions in economic stimulus through the Employee Retention Tax Credit program, and yet millions of business owners will let much of this money go unclaimed because their CPA's were too busy to become experts.
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 the only CPA firm in the country whose sole focus is legally maximizing your claim to the ERC.
Big picture answer: the American Rescue Plan Act of 2021 (signed March 11, 2021) authorizes up to $26,000 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 $26,000 per employee.
If you would like a ballpark estimate, check out our ERTC Calculator. 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.
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.
We've designed plenty of paths for you to start:
Don't believe it is this easy? Check out our Wall of Testimonials.
Our fees and payment terms are the most competitive in the business because we were pioneers in this space.
In fact, many of the largest "ERTC" firms in the country are nothing more than marketing companies who sign up clients and send them to us.
We know our prices are competitive, because those affiliate partners simply mark up our prices and sell it as their own.
Our fees are typically between 7% and 20% of the tax credits we recover for you. When you receive your check, that's when our invoice is due.
I know that is a wide range, but we need to know more about your situation before committing to a rate. Most clients pay somewhere around 15%, but that may come down depending on your employee count, payroll provider and PPP forgiveness.
If you are willing to pay something upfront, we have more flexibility (because there is obviously a cost for us to carry these receivables for the next 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 experienceed and has focused their training on the most important thing for you in that moment . . . you see a cardiothoracic surgeon.
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.
While technically "true", this should come with a HUGE warning label.
There are a ton of ERTC companies (some are just marketing outfits) telling business owners they will qualify if they have any supply chain issues. Frankly, they are telling people that they qualify for almost anything pandemic related.
I've even had a prospect tell us they were qualified by another firm because they had trouble hiring people due to all the unemployment checks.
Bottom Line: the partial suspension of operations (even due to supply chain constraints) must be as the result of a government mandate. There are plenty of businesses where a case can be made, but that is exactly what needs to occur . . . a case must be made.
This is where we lean on tax attorneys to assess all the federal, state and local mandates to determine how those mandates results in a "more than nominal" impact which resulted in a partial suspension of operations.
Even if you did not have supply chain issues, you may still qualify based on the reduction of revenue.
And we are definitely not saying that "Supply Chain" cannot be a valid reason. All I'm saying is that you had better be prepared with contemporaneous documentation to support that determination because this will be a point of emphasis when the IRS audits these refunds.
Not to brag, but we pioneered this industry. When others were figuring out how the credits were calculated at their most basic level . . . we were already writing the algorithms to optimize these credits by employee . . . by day.
If you received PPP funds, the precision with which we allocate these funds is critical to ensure there is no "double-dipping" while also maximizing every dollar that is legally owed to you.
Here's an example of why this matters:
Since we allocated wages by employee by day, we may use PPP funds to pay an employee in the morning, and use their afternoon pay as qualifying wages for ERTC. This means that for many clients, we allocate 100% of their PPP funds without having to reduce the maximum allowable credits for each employee (that's up to $5,000 per employee in 2020 or $7,000 per employee per quarter in 2021).
So if you want to know whether the ERTC firm pitching you is truly maximizing your refund, that is the question you need to press them on.
If they are asking for a quarterly summary of payroll . . . then there is no way they can allocate this precisely by day by employee.
Unless they are getting a payroll report showing every employee and the breakout of every paycheck, then you're not working with an "expert".
Short answer: Affiliate partners.
Long Answer: From the beginning, our focus has been on (1) designing a client experience that is a joy for our clients and (2) designing an ERTC calculation/methodology that would legally maximize tax refunds.
It seems that everyone's else first priority was building marketing assets and signing on new clients . . . without a clue of how to serve them.
But that's okay.
Luckily for their clients, they found us and their clients are getting the same quality of service that we offer our own clients.
We've given permission for other "ERTC Experts" to utilize our FAQ's and/or online credit calculator as long as we are the ones doing the work on the backend. I don't want my educational material to lead unsuspecting clients to another firm that isn't executing with the precision that we do.
So check out some of our General FAQ's. Do a Google search for them. You'll find them verbatim on over 1,000 websites.
And then come back here to get started and know you're getting the best fee structure by coming to the source.
We most certainly have our own tax attorneys to assist us, but this question comes up when a client wants to qualify based on a partial suspension of operations and they cannot provide us a clear understanding of which government mandates restricted their operations.
While some ERTC firms boast of having attorneys on staff to write memos for their clients, we are fundamentally opposed to that concept.
Instead, we recommend that you engage an attorney independently. We are happy to refer you to attorneys that we know who will do a fine job.
However, we believe there should be a clear separation between the attorney's opinion letter and our firm who is calculating your credits.
Since our fees are based on a percentage of the refunds that you receive . . . and since the size of those refunds are based on the time period that you qualify . . . we do not want there to be even an appearance of a conflict of interest.
If the IRS comes to audit, we want your truth to be that you engaged an independent, third party law firm to assess your eligibility and provide an opinion letter . . . and you brought that letter to us, an independent CPA firm.
What more could the IRS expect of you as a taxpayer? With that level of diligence, we can all sleep easy at night.
And to be clear, we do not require (or even recommend) these letters for every client. Less than 2% of our clients have needed these letters and this is really just a function of us being very conservative in our own judgment.
When other firms talk about being "aggressive" with these refunds, that's a position we just won't tolerate.
There's no need for that. Just apply the facts to your situation, execute the math precisely, and sleep easy knowing everything is above board.
It was true when we started and as far as we know, we're still the only ones. (Although I'm happy to be proven wrong.)
Every other CPA firm offers other services like income taxes, audits, reviews, bookkeeping, and payroll. We've been lucky to form incredible partnerships with many CPA firms who send us their clients - not even wanting a referral fee. They just want to know their client is being taken care of by the best.
Other non-CPA firms are offering ERTC services but they have historically only worked with other tax credits like the R&D credits.
No offense to the non-CPA firms, but they don't answer to anyone. They don't answer to a state accounting board with ethics rules. And it is apparent in many of their marketing messages, automated text messages and pushy sales calls wanting a signed engagement letter before you've even talked to anyone.
ERTC was meant to help impacted taxpayers, but the manual amendment process (you read that right, no e-filing) has led to a huge backlog of files at the IRS. For taxpayers in need of funds faster than the 8 to 12 months we expect, we have undergone due diligence with an ERTC Investment Fund that is advancing cash in 2 to 4 weeks.
This was a monumental milestone for us because it was institutional acknowledgment that our methodology was sound - our calculations precise - our calculations legally maximized. Because after all, institutions don't want to lend money on a bogus receivable . . . they receive our workpapers as collateral.
In the interest of full disclosure, we introduce you to the Fund after we have completed your calculation and presented your Form 941-X's. But beyond that introduction, there is no financial relationship between us and Fund. We want to keep this at arm's length - we have no desire to wade into the regulations and protections of the consumer financing industry.
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.
For the first twelve months of our Firm's existence, I admittedly did a poor job of asking for testimonials. I didn't want to be a "bother" to clients.
Yet as more "ERTC experts" have come out of the woodwork all with the same boiler plate "fake" reviews on their single-page lead generation websites . . . I realized I was doing a disservice to those prospective clients who needed that additional assurance that we were a legitimate CPA firm who actually serves with the responsiveness and respect they should expect. I wanted proof that we don't just say we make this easy, but that verifiable clients can vouch for their experience.
This is why I've starting sharing with our clients our review link to the Better Business Bureau.
Google, Yahoo, Yelp . . . none offer moderation of fake reviews (as I'm sure you've experienced yourself as a business owner).
A competitor leaves a negative fake review? Too bad - nothing you can do about it.
With BBB, at least there is verification of the reviewers and we can appeal when a review is from someone we've never met. To this point, this has not happened, but I'm certain it will once we start promoting this overwhelming mountain of evidence that we are who we say we are . . . and that we treat clients the way we say we will.
And for an added good measure, here's a direct link to our firm's licensing with the Texas State Board of Public Accountancy.