Choosing the Right Partner to Maximize Your ERC Credits
The Employee Retention Credit (ERC) provides vital relief for businesses impacted by COVID-19. But maximizing over $26 billion in unused credits requires expert guidance.
This guide reviews top ERC consultants, outlining service offerings, qualifications and client success stories. Find the optimal ally to recover funds fueling your recovery.
Understanding the ERC Tax Credit
Authorized under the CARES Act and extended by legislation, the ERC allows eligible employers to claim refundable tax credits equaling:
- 50%/70% of qualified wages paid during COVID-disrupted quarters
- Up to $5,000 per employee each quarter in 2020, $21,000 total
- Phased out above certain revenue thresholds
Maximizing this often overlooked program keeps cash flow strong.
Signs it’s Time for Professional Help
While the IRS offers general guidance, an ERC specialist brings valuable assets if:
- Your financial situation constrains devoting hours to claims
- Calculating wages and determining eligibility seems complex
- Forecasting revenue reductions to utilize 2021 credits
- Optimizing carrybacks to prior profitable years’ returns
- Ensuring you don’t miss upcoming deadlines
Their expertise justifies nominal contingency fees.
Top-Rated ERC Consultants
Leading options boast thousands of satisfied clients:
- Recovery ERC – Industry-leading specialist with $1B+ recovered
- EcoComply – User-friendly planning tools accelerating calculations
- ERCclaims.com – Highly responsive service tailored for small businesses
- SurePayroll – Integrated credit maximization for payroll partners
- K&A ERC – Fortune 500 veteran expertise for complex compliance
Research credentials before commitments.
When assessing contractors, consider:
- Depth of consultants’ IRS knowledge and ERC experience
- Portal/software solutions streamlining credit forecasting
- Customizable engagement models – flat, contingency or hybrid fees
- Client references and testimonials validating results
- Credentials like CPA, tax attorney or IRS experience on staff
- Upfront cost transparency with no hidden charges
Confidence comes from vetted solution partners.
Maximizing ERC Values with Experts
Proactive assessment services capture all credits owed, including:
- Wage analysis excluded from original PPP loan applications
- Optimizing positions and payroll strategies for 2021 eligibility
- Leveraging any unused 2020 benefits via amended returns
- Calculating credits for side businesses as independent contractors
- Carefully linking benefits to lock-in refund payout schedules
Aggressive strategies maximize taxpayer value.
With expert ERC specialists recovering over $1 billion for clients so far, tapping their experience justifies any out-of-pocket costs. Find your ideal partner through thorough due diligence considering services, solutions and credentials validated by success stories.
Now equipped to hire the right advocate maximizing this critical but often overlooked COVID relief program. Funds recovered fuel small business recovery for the long term.