Employee Retention Tax Credit (ERTC)

EMPLOYEE RETENTION TAX CREDIT (ERTC) SERVICES OVERVIEW

The Employee Retention Tax Credit (ERTC) was created as part of the CARES Act to encourage businesses to continue paying employees by providing a credit to the eligible employer for wages paid to eligible employees. Recent changes allow the ERTC to be utilized even by companies that received PPP loans.

What we offer and the services we provide

• Determine if the employer qualifies, and if so, for which quarters
• Determine which employee wages qualify
• Calculate credits, including estimates for current and future quarters
• Prepare form 941X for the employer to submit to IRS to receive refunds or provide all necessary documents to have your provider prepare the forms
• Quantify the positive cash flow after claiming the credits and all amended tax returns
• Reconcile actual credits received with credits requested if there is a discrepancy
• Prepare reconciled data for Form 941‐X
• Provide the completed computations and justification for qualifications as preliminary audit support