AICPA ERTC GOV Conducts Solution Session For the American Institute for Certified Public Accountants

ERTC GOV, based in Carmel, IN, provides live CPAs to handle Employee Retention Tax Credit (ERTC) claims to the wider business community. The vast majority of ERTC firms only utilize cookie cutter software to do basic calculations, limiting the amount due to clients.

More information can be found at: ERTC AICPA. ERTC GOV is the only firm where a client’s ERTC claim is verified by 3 CPAs. The firm focuses on giving their clients a 3-Step review of their claim with 3 independent CPAs. Prior to final approval from clients, they also have 2 more CPAs independently confirm the accuracy of a client’s claim, based on the firm’s stringent standards. They have the highest level ERTC CPAs who worked with a national CPA organization on ERTC.

The firm makes it a point to thoroughly explain the ERTC claim process to their clientele. By answering a few, simple, non-invasive questions, a team of ERTC experts can determine if a client will likely qualify for a no-strings-attached tax credit. There is no cost or obligation to be pre-qualified. The ERTC is funded by the Coronavirus Aid, Relief, and Economic Security (CARES Act) and was originally created to encourage businesses to keep employees on the payroll as they navigate the unprecedented effects of COVID-19. It provides a credit to business owners based on qualified employee wages and health plan expenses paid after March 12, 2020, and before Oct 1st, 2021. This program requires no repayment and has no restrictions as it is not a financial aid scheme which requires any form of financial return. While the ERTC was created in the CARES act along with the PPP financial aid scheme, this is not similar. There are no restrictions on what recipients of the ERTC program must use the funds for.

2020 is calculated using the following process. In 2020, a credit is available up to $5,000 per employee from 3/12/20-12/31/20 by an eligible employer. This means a potential of up to $5,000 per employee. Start-up businesses who began operations after February 15, 2020, can take a credit of up to $50,000 in both the third and fourth quarters of 2021 for a maximum credit of $100,000. In 2021 the ERC increased to $7,000 paid per employee per quarter for Q1, Q2, and Q3. That is a potential of up to $26,000 per employee in total between 2020 and 2021.

ERTC GOV is the ideal choice for those seeking to apply for this program. Through the firm’s multiple-stage CPA Process, clients are guaranteed to receive the maximum refundable credits. The firm takes pride in their responsibility to clients and assure them that there are no upfront fees to get qualified. The firm also offers audit support for their work, which is not often offered by other firms. No other CPA firm offers the Rapid Rebate™ as well; if a client qualifies, they will receive rebate within 6 weeks. The firm specializes in maximizing employee retention tax credits for small business owners. Clients can rest assured that they have hired the best ERTC Firm to lock in this one-time opportunity for a large refund check from the IRS. Learn more here: ERTC CPA.

While employers could initially choose to apply for PPP or claim ERTC credits, but not both, with the CARES Act, this is no longer the case. On March 11, 2021, The American Rescue Plan Act of 2021 was signed into law and included many modifications and expansions to existing elements of previous stimulus programs. Businesses that applied for and received PPP funds could now also claim ERTC credits. ERTC credits could be retroactively claimed for businesses that qualified in 2020. ERTC credits were extended through 9/30/21, with lower qualification requirements. The complexity of the ERTC program makes it no easy task to engage in, which is why the ERTC GOV team takes pride in providing their expertise and dedication to their clientele with the best possible service. The firm’s professional team is equipped and ready to help as many businesses as possible to apply for their ERTC funds.

ERTC is only processed through independent agencies and tax firms across the country, who have invested many hours of research in order to process ERTC correctly. This makes it critical to find the right ERTC firm, and ERTC GOV is a great choice. Their partners conducted a solution session about ERTC to the American Institute for Certified Public Accountants. To learn more about the firm, interested parties can visit their official website or contact their office directly via phone or email.