"Don't just claim; claim with confidence, precision, and the assurance of a tax attorney by your side."
The Value of Second Opinions: Why Business Owners Should Seek Guidance Beyond Their CPA’s Initial Assessment of Employee Retention Credits
If Your CPA Disqualfied You, Get a Second Opinion!
While many Certified Public Accountants (CPAs) are knowledgeable about general tax matters, the evolving landscape of the Employee Retention Tax Credit (ERC) presents complexities that might be outside the expertise of some accounting professionals. There can be instances where they may inadvertently disqualify businesses from the ERC, even when they may qualify.
Here are 4 quick reasons a CPA might mistakenly disqualify a business:
The definition of "full" and "partial" operational shutdowns due to government orders can be intricate. A CPA might believe that only businesses that experienced a complete halt qualify, while in reality, businesses that faced partial interruptions in operations might also be eligible.
It's essential for businesses to recognize the value of consulting with professionals specialized in ERC guidelines, such as tax attorneys, to ensure they are maximizing their potential benefits.
Employee Retention Tax Credit (ERC): The Importance of Partnering with a Licensed Tax Attorney
In today's uncertain economic landscape, businesses across the country are looking for financial lifelines to stay afloat. Enter the Employee Retention Tax Credit (ERC) – a beacon of hope for companies aiming to retain their workforce amid challenging times. But while the allure of the ERC is undeniably attractive, navigating its intricate landscape requires expertise. And who better to guide you than a licensed tax attorney? Let's delve into why partnering with a licensed tax attorney, such as those at Biz Head Law, can make all the difference in your ERC application journey.
What is the Employee Retention Tax Credit (ERC)?
The ERC is a refundable tax credit designed for employers who've faced economic hardships due to the COVID-19 pandemic. This credit focuses on businesses that have either experienced a significant decline in gross receipts or have had their operations fully or partially suspended due to governmental orders. The potential relief? Up to $26,000 per W2 employee. Don't Navigate the ERC Alone The Employee Retention Tax Credit is undeniably a boon for businesses, but unlocking its full potential is no simple feat. By partnering with a licensed tax attorney, businesses can ensure that their ERC journey is not just compliant, but optimized for maximum benefits. At Biz Head Law, we pride ourselves on being more than just tax professionals. We're your partners, dedicated to ensuring that you harness the full power of the ERC. Let's navigate the complexities of the ERC together, ensuring that your business doesn't just survive, but thrives.
Calculate Your Potential Credit for Free
Try our Employee Retention Tax Credit calculator. Created by tax attorneys, our ERC calculator is automated, free and most importantly - it's accurate. Give it a try and see what your businesss could potentially qualify for.
Get your ERTC refund filed by our tax attorneys & receive up to $26,000 per W2 employee.
You worked hard to keep your business afloat during the pandemic. Now, you have the chance to claim this credit as a result. This is considered a 'thank you' to business owners for supporting your W2 employees throughout the government restrictions.
Qualification for the ERC also Include...
You May Qualify for the ERC If You Experienced...
Were you forced to shut down your operations?
You most likely qualify.
Supply Chain Issues
Were you limited on supplies or materials due to the pandemic?
You could qualify.
Unable to Work
Were you completely unable to perform your job due to restrictions?
Get your money.
Did you miss project deadlines resulting in lost revenue?
Get in touch.
Restrictions on the number of people in the building.
Employee Retention Tax Credit Calculator
Our lawyers can control the quality of our work, but we cannot control the behavior of the IRS. While the chances of an audit are extremely remote, if a business advances a good faith position that it is entitled to the credit, an audit should not be of meaningful concern. Our attorneys will advise you regarding what information a business needs to gather to qualify for the credit. We also offer 100% FREE audit defense in the event that you need representation.
Free ERTC eBook
Learn everything you need to know about the Employee Retention Tax Credit in our free eBook. The laws have drastically changed since this program has been introduced and understanding these changes is vital to your businesses qualification for ERTC.
No Information Required - Educate Yourself, It's Worth It.