ERTC Gov Assures Businesses That the Employee Retention Tax Credit Can Still Be Claimed In 2023

ERTC Gov, one of the nation’s foremost ERTC firms, is urging small business owners to claim their tax credits as the IRS is still accepting filings in 2023.

The ERTC (Employee Retention Tax Credit) was established as a part of the 2020 CARES (Coronavirus Aid, Relief, and Economic Security) Act. In 2020, since the PPP (Payroll Protection Program) was a simpler calculation and most small business financial advisors were not cognizant of the tax compliance laws required to file ERTC claims, most businesses opted for the PPP. Later, in March 2021, the government signed the American Rescue Plan Act into law and made several modifications to the existing elements of both programs. According to the provisions of the ARP, businesses that applied for and received PPP funds could now also retroactively claim ERTC credits.

ERTC Gov spokesperson Mark Sullivan talks about the state of ERTC claims in 2023 by saying, “Many business owners were not even aware that the ERTC was available to them in 2020 as they relied on their banks and CPAs to guide them. The tax code expertise required to file ERTC claims is, frankly, out of the wheelhouse of these institutions and individuals. So, it is no wonder that many business owners are in the dark about the fact that the ERTC stimulus money is still available to them in 2023 and will be till it runs out.”

The ERTC program provides businesses a credit based on qualified employee wages and health plan expenses paid after March 12, 2020, and before Oct 1st, 2021. However, unlike tax credits, businesses receive the funds directly via check or direct deposit. It is not a loan and there is no repayment required. There are no restrictions on how recipients choose to use that money either.

“There is a pervasive myth that if you didn’t file for ERTC credits in 2021, then you have already missed out,” Mark says, “While the ARP Act of 2021 amended the terms of the ERTC to include the first three quarters of that year, it also gave businesses 3 years to amend those 941s. So, the program is still alive and well in 2023.”

ERTC Gov warns business owners that, given the size and scope of the program, several ERTC firms have popped up in the last couple of years claiming to help clients file for ERTC credits. Mark continues, “Most of these fly-by-night firms, as it turns out, are woefully inept at keeping their promises. They are just out to capitalize on the billions of dollars that have been allocated for this program. They don’t have the competence required to help you claim every dollar that is reserved for you. So, be very careful before trusting your business’s future in the hands of one of these inexperienced ERTC firms.”

ERTC Gov is one of the most successful ERTC firms in the country. It is the only firm that gives its clients claims verification by three independent CPAs. The result is peace of mind for its clients as they know their claim is accurate and has been thoroughly maximized. The company has stringent standards in place for its team of CPAs and other tax professionals who have served over 11,500 clients, as of January 2023.

ERTC Gov is also setting the pace for other ERTC firms in the US. The company’s CPAs were invited to conduct a solution session at the AICPA (American Institute for Certified Public Accountants), a national body for financial services industry professionals. The company also provides audit defense, a service that most ERTC firms don’t offer.

Mark Sullivan says, “Why pay ERTC firms to file your claims if they are not going to stand behind their work? That’s why our CPAs also sign the attestation of the claim, whereas many firms have the business client do this. Our unmatched claims processing methodology is also the reason why the ERTC 2023 return for our clients is 40% to 120% higher than the national average.”