Start Making Smarter Decisions Now: Contact ERTC Consultants

Employee Retention Tax Credits (ERTC), similar to the Payroll Protection Program, are part of the Coronavirus Aid, Relief, and Economic Security Act (CARES) enacted in 2020 to relieve businesses affected by the pandemic. The Consolidated Appropriations Act and the American Rescue Plan Act extended the program. The former extended the ERTC for another year and allowed certain employers with fewer than 500 employees to receive up to 70% of qualified wages instead of 50%. Employee Retention Tax Credit specialists can guide how to maximize the returns from these programs, helping you make better decisions for your business.

Qualifications To Be Eligible In The Employee Retention Tax Credit Program

According to Internal Revenue Service (IRS), here are the qualifications to become eligible for the refundable tax credit:

• Have a business that was either fully or partially suspended due to the COVID-19 pandemic between February 15th, 2020, and December 31st, 2020.

• Employers must have paid qualified wages between March 12th, 2020, and January 1st, 2021.

• Qualified wages are salaries paid to employees when the employee was not provided services due to a COVID-19-related suspension.

• Employers must have less than 500 full-time employees in 2019, including full-time equivalent employees (FTEs).

• Employers must demonstrate that their gross receipts decreased by 20% or more compared to the same calendar quarter of 2019.

Benefits of Working with ERTC Consultants

Working with an Employee Retention Tax Credit consultant offers several key advantages for businesses looking to make the most of the ERTC tax credit:

• Spend less time and energy researching and understanding the refundable tax credit program, leaving more time for growing your business.

• Receive personalized guidance on maximizing the returns from Employee Retention Credit, helping you make smarter decisions.

• Benefit from the expertise of experienced tax consultants who are up-to-date on all relevant laws and regulations, giving you peace of mind that everything is in order.

• Get access to quick, reliable assistance whenever needed, with friendly and well-informed staff to answer your questions, especially with other tax credits.

What To Look For In Hiring An Employee Retention Tax Credit Consultant?

When looking for an Employee Retention Credit specialist to hire, it is vital to keep a few key points in mind. Here are the five top qualities to look for when choosing a refundable credit consultant:

Knowledge and Expertise:

The retention tax credit ERTC specialist must thoroughly understand the ERTC Tax Credit program and its regulations. Ask potential consultants about their background and experience with the Employee Retention Credit program.

Attention to Detail:

To ensure your business receives maximum returns from the Employee Retention Credit program, the consultant must pay close attention t all the details you provide. Look for a retention tax credit ERC consultant with a history of providing comprehensive analysis and verification of tax credit qualifications.

Professionalism:

You want to ensure your chosen Employee Retention Credit specialist is professional and reliable. Check online reviews or ask for company recommendations to understand how others rate them on professionalism, responsiveness, and accuracy.

Excellent Communication Skills:

You need a retention tax credit ERTC specialist who can explain complex concepts clearly to make informed financial decisions. Ensure your potential consultant has strong communication skills to ensure everything is clear.

Innovative Solutions:

Finally, look for an Employee retention tax credit specialist who can develop innovative solutions tailored specifically to your business needs rather than simply following the same old methods as everyone else does when providing advice about tax credits.

Conclusion

ERTC credits specialists can be invaluable for businesses looking to maximize Employee Retention Tax Credits. With experienced and knowledgeable professionals on your side, you can rest assured that you're getting the best advice and solutions tailored to your business's specific needs.

By taking advantage of every benefit available, you can save money on taxes while making more intelligent decisions with more confidence. Contact ERTC Express now to start making smarter decisions for lasting success.