3 questions you should ask your CPA about the ERC

If you are looking to speak with your CPA about the Employee Retention Credit, we encourage you to do so.

When considering claiming the ERC, we suggest you ask the following questions for your potential ERC provider or CPA:

1. On what basis are you qualifying us for the program?

There are three ways to qualify for the program:

A) Revenue Reduction

Most firms and general CPAs only qualify using this option, which can leave thousands of dollars on the table.

B) Government Mandates

Tax attorneys use federal, state, and local tax laws to qualify your business based on any shutdowns you faced for a given period of time or if you were forced to limit capacity to operate during the pandemic.

C) Limited Commerce

Tax attorneys use federal, state, and local tax laws to qualify your business based on the supply chain disruptions caused by COVID-19.

2. Is there a reason you waited to help me file for the refund?

The ERC been claimable since March 2020. This will help you understand if they're an expert in filing for the ERC.

3. Do they offer Tax Audit Defense?

In the slim chance of an audit, will they provide legal representation at no charge? Remember, amending your taxes increases your audit risk for the ERC claim. A partner with tax audit defense adds value.

As a specialized Employee Retention Credit (ERC) firm, we know that claiming the Employee Retention Tax Credit can be complex.

A CPA is excellent at tax preparation, tax incentives are a complicated space that requires a specialist. Specifically, tax attorneys with tax incentive experience who are knowledgeable in these federal, state, and local level mandates.

We work collaboratively with all levels of your staff, respecting your limited time resources and gathering all necessary data to prepare and retain the documentation needed for a successful incentive study.

That's why we'd like to offer guidance to help you navigate the process and get the most benefit. We frequently partner with CPA’s to get businesses the maximum ERC.