Find Out If You Are Qualified For The Employee Retention Credit
The credit can be worth up to $33,000 for qualified wages spent during 2020 and 2021.
Also, the IRS has issued FAQ that clarify that employers can claim the employee retention credit even if they have a PPP loan.
So, you can claim the Employee Retention Credit and also get the PPP.
In addition, when it comes to the employee retention there are numerous questions that you need to answer…
The considerations include:
Are you an eligible employer?
Did you have full or partially suspended operations?
Did you have a decline in gross receipts?
What are your qualified wages?
Using The ERC Tax Eligibility Tool: FAQs
The great thing is that our Easy as 1-2-3 ERC Tax Credit Eligibility Tool will let you know if you are qualified in under 5 minutes.
If you are wondering what this tool is…
I put together a list of the top frequently asked questions we receive about how our Easy as 1-2-3 ERC Tax Credit Eligibility Tool.
Q: What is the Easy as 1-2-3 ERC Tax Credit Eligibility Tool?
The Easy as 1-2-3 ERC Tax Credit Eligibility Tool is tool for helping business owners with employees understand if they can claim the Employee Retention Credit.
Q: Who are you?
My name is Joe Gallegos, CPA and for the past 8 years I’ve worked with businesses on their finances and taxes.
When ERC came out I wanted to help as many businesses as I could. Then, I quickly realized that most of the material out there was hard to understand and apply.
Why didn’t anyone make the process more simple?
Finally, I was able to piece together all the different things that worked (and tossed out what didn’t work) and came up with a tool that helps people understand ERC faster.
Q: How does it work?
Our approach is based on the core belief that there are three elements required for success in claiming the Employee Retention Credit.
What You Need To Understand About The ERC Claims Process
The Qualification Phase
First, we’ll utilize our ERC Qualifier tool hat helps our clients find out if they are qualified for the ERC.
The Diagnostic Phase
Then our unique Diagnostic Meeting process will ensure you come up with a plan to claim the ERC.
The Claiming Phase
The third step helps client claim the credit and report it on their taxes correctly using our ERC framework.
If you have any other questions about Easy as 1-2-3 ERC Tax Credit Eligibility Tool, feel free contact us or book a diagnostic meeting here.
ABOUT THE AUTHOR: Joe Gallegos has created tax strategies and operating systems for businesses that have saved taxes, increased cash flow, and profits. As the Managing Partner of Tax and Consulting for JAG + Argueta CPA Firm. Joe has taught hundreds of business owners his step-by-step strategies for creating their own success and obtaining more time and more profits. For more profit creating business tips, tactics and strategies, sign up up for our tips here.