The ERTC Experts

We have a focused process for maximizing your refundable claims to the Employee Retention Tax Credits that only takes less than 15 minutes of your time.

The Employee Retention Tax Credit

Maximizing Your Claims For Keeping Americans Employed
The government has authorized unprecedented stimulus, and yet billions of dollars will go unclaimed.

Funded by the CARES Act

Originally created to encourage businesses to keep employees on the payroll as they navigate the unprecedented effects of COVID-19.
The ERTC was established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, and provides a credit equal to 50 percent of qualified wages and health plan expenses paid after March 12, 2020 and before Jan. 1, 2021.

A per-employee $10,000 maximum of qualified 2021 wages (Q1, Q2, Q3).

That is a potential of up to $21,000 per employee!

No Restrictions - No Repayment

This is not a loan.
While the ERTC was created in the CARES act along with the PPP Loans - this is not a loan, there is no repayment.

There are no restrictions for what recipients of the credit must use the funds.

Up to $26,000 Per w-2 Employee

Full Time and Part Time Employees Qualify.
The 2020 ERC Program is a refundable tax credit of 50% of up to $10,000 in wages paid per employee from 3/12/20-12/31/20 by an eligible employer.
That is a potential of up to $5,000 per employee.

In 2021 the ERC increased to 70% of up to $10,000 in wages paid per employee per quarter for Q1, Q2, and Q3.
That is a potential of up to $21,000 per employee.

Startups eligible for up to $33,000.

Free, No Obligation Pre-Qualification

Let our expert team determine if you qualify for a sizable rebate.
By answering a few, simple, non-invasive questions our team of ERTC experts can determine if you likely qualify for a no-strings-attached tax credit.

There is no cost or obligation to be pre-qualified.
Begin Your Claim

Why Choose TechFX?

We only specialize in maximizing Employee Retention Tax Credits for small business owners. You won’t find us preparing income taxes, compiling financial statements, or providing attestation services of any kind.

When you engage us, rest assured that you’ve hired the best CPA Firm to lock in this one-time opportunity for a large refund check from the IRS.

Find out what our accounting professionals can secure for your business today

These are just some of the businesses we’ve helped in the past 30 days.

Business Consulting Firm in Newport Beach, California, 19 W-2 Employees;
$44,960 Credit 

Presentation Design Agency in Nashville, TN, 19 W-2 Employees;
$162,979 Credit

Restaurant Ownership Group in Florida, 224 W-2 Employees;
$1,120,000 Credit 

Restaurant in Houston, Texas, 80 W-2 Employees;
$400,000 Credit 

Montessori School in Addison, Illinois, 35 W-2 Employees;
$175,000 Credit

HOW DOES THE PROCESS WORK?

Complete the Questionnaire

Start with the 10 simple questions on this site to begin your claim. We will email you a secure link to an application questionnaire to be completed online.

Upload Data

Upload your 941 returns, PPP loan documents, and raw payroll data on our secure portal.

Credit Calculation

We calculate the credit you can receive from the IRS.

Application Package

We will prepare and help you file the 941-X Amended payroll returns.

Get Paid

The IRS will process your credit and mail you a check.

Begin Your Claim

Ten Simple Questions 

Take advantage of this new COVID-19 employee retention credit while it’s available. If your business has been affected by the pandemic you will qualify.

STEP1:

Start Your Claim Here

Submit Your Details Here!

What exactly is the Employee Retention Credit (ERTC)

In light of the significant impact the covet pandemic has had for many businesses large and small the federal government, IRS, has enacted various programs to help businesses recover have you heard of the employee retention credit program, ERC. The ERC is a grant, not a loan, which you can claim for your business based on qualified wages and benefits paid to your employees. How much money can you give back? You can claim ERC equal to 70% of qualified wages for 2021 and 50% for 2020. The maximum amount per employee is 7,000 per quarter in 2021 and 5,000 for the year total in 2020.

 

How to determine if your business is eligible?

 

Let’s say your company has 100 employees and you took a ppp loan. We would be able to get you a total refund of approximately one million dollars. How do you know if your business is eligible? Your business has to meet the following criteria: have been in existence since February 15 2020 and have less than 500 employees for 2021 and less than 100 employees for 2020. If not, you may qualify for some benefits as a large employer. In addition, either one of the following should apply to your business: fully or partially suspended operations, or reduced business hours, due to government orders, experienced a significant decline in gross receipts due to the pandemic for 2021, more than a 20 percent decline versus the same quarter in 2019 for 2020, more than a 50% declined versus the same quarter in 2019. The ERC has strict eligibility requirements, involves complex and technical details, and has undergone various changes since 2020.

 

This credit is favourable, but complicated, and we at ERTC Wizard are here to help figure it all out for you. Here’s what we will provide: thorough evaluation regarding your eligibility, comprehensive analysis of your claim, guidance on the claiming process and documentation, specific program expertise that a regular CPA or payroll processor might not be well versed in, fast and smooth end-to-end process from eligibility to claiming and receiving funds, dedicated specialists that will interpret highly complex program rules and will be available to answer your questions, including how does the PPP loan factor into the ERC (also referred to as ERTC, Employee Retention Tax Credit), what are the differences between the 2020 and 2021 programs and how does it apply to your business. For larger multi-state employers, what are aggregation rules and how do I interpret multiple states executive orders, how do part-time union and tipped employees affect the amount of my refunds and more. The great news is our interests are fully aligned. We only receive a fee if you recover your money. We have worked with many clients and have successfully brought large refunds. We will make sure you’re taking the right next steps and maximizing your claim for your business. If you’re interested in finding out more or have any questions, complete the form above and one of our team will get back to you shortly. Employers will love their retention credit.

FAQ's

Most frequent questions and answers

The Coronavirus Aid, Relief and Economic Security Act (also known as the CARES) was signed into law on March 27 2020. It included two programs to assist businesses with keeping workers employed: The Payroll Protection Program administered by Small Business Adminstration agency (“PPP”)and Employee Retention Tax Credit(ERTC).

The PPP is a great way to give your business an influx of cash without having any tax liability. The payroll covered by this program doesn’t even appear on the books, so you can deduct it from what would have been paid out as regular wages!

The ERTC tax credit, which stands for Employer Responsibility Tax Credit can be a great incentive to hire individuals with disabilities. Eligible employees receive up tp $7000 in each quarter that they qualify and there are specific rules about what counts as qualified wages by employee status or whether an individual has used all their allowed credits within one year before another season begins again!

The CARES Act initially gave employers the option to apply for either PPP or ERTC credits, but not both. For most businesses this meant that they would receive a forgivable loan through their employer’s payroll system under 500 employees in order to make it easier on them while still providing incentives for working hard and achieving goals within your company!

The American Rescue Plan Act of 2021 is a law that includes many modifications and expansions to existing elements from previous stimulus programs.

Noteworthy modifications for business owners included:

Businesses who 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 per-employee cap on qualifying wages increased from $10,000 for all of 2020 to $10,000 per quarter for the first 3 quarters of 2021.
The refundable credit amount increased from 50% of qualifying wages in 2020 to 70% in 2021.
So the short answer is “Yes” . . . you can claim ERTC even if you received PPP funds.

The Employee Retention Tax Credits are a new type of tax credit that can be just as effective at retaining your employees and boosting morale in the workplace. Unlike payroll protection programs, there is no “application process” for this credits; you simply claim it like any other valuable asset – by affirmatively stating to IRS how much money has been invested into workers’ wages so they don’t leave because their employment benefits improve elsewhere.

When you claim a child tax credit, you do so by asserting this fact on your Form 1040 Personal Income Tax Return.

The difference is that when you claim an ERTC tax credit, you do so on your Form 941 Employer Quarterly Tax Filing.

With the recent changes in tax laws, you may be able to reduce your current quarter’s contribution and request a refund of excess credits. You can also take advantage if expectant parents who are claiming Childcare Credit or Work Opportunity Tax credit by filing an amended form (the Form 941-X) with their employer during any three consecutive months prior starting January 1 st .

While it may seem like business is back to normal, there are still some items you want to consider before claiming this ERTC assessment. First off all of your 2020 eligibility criteria was based on revenue declines from 2019 or if the company had been partially closed due government mandate – so make sure that doesn’t happen again!

Revenue may have returned to “normal,” but you still need those credits. The eligibility criteria in 2020 was based on revenue decreases from 2019 or if your business was partially closed due government mandate.

Second, while your revenue may have returned to “normal” in Q1 2021, remember that we are comparing your Q1 2021 to Q1 2019. If 2019 was a year of growth for your business, then your revenue levels 2 years ago may have been much less than Q1 2020.

And lastly, if your revenues were down in Q4 2020 by just 20% compared to Q4 2019, then you may also be eligible for Q1 2021. There is a safe harbor provision that few advisors are talking about, and it means that many businesses are qualifying for $7,000 per employee in Q1 2021.

The government is looking for ways to motivate and reward you if, as a business owner or property manager-in any capacity -you are trying your best not only keep American residents employed but also pour money straight into our economy’s rebuilding efforts.

You may be referring to the CARES Act, which allows employers a deferral of taxes owed on Social Security. The repayments are due by December 31st each year with at least 50% being paid back then and any remaining amount must also occur in that same time period or next financial year (starting January 1). These ERTC credits do NOT act like traditional deferrals because they’re only given when you’ve actually PAID wages instead; this means if your boss pays out $1K per month but doesn’t withhold enough money for employment services.

These credits can offset future tax contributions or you can receive a refund check – it’s your choice.

And you will NOT have to re-pay these funds (unless, of course, you don’t provide adequate documentation in the course of an audit).

The PPP loans are an excellent opportunity for people who need funds quickly and don’t want the hassle of getting a traditional loan. Your banker, CPA or Financial Advisor was probably very helpful when it came to signing you up because they were effectively guaranteeing that all documentation is correct through their participation in this program – so there’s no worries about being left high-and-dry.

It is no wonder that your financial advisors were so helpful when it came time to get the PPP loan. They knew they would be earning a commission from fees charged by banks just like yours, which made them even more inclined towards educating you on how this program works and getting all of those pesky papers signed!

The employment tax compliance for small businesses can be quite overwhelming. This is why it’s important to have an expert on your side who will not only take care of all those tedious details but also make sure you stay in the clear!

From the conversations we’ve had with bankers, they have no interest in involving themselves in your employment tax compliance. For them it is a liability and beyond their scope of services.

What a tangled web of paperwork and requirements you have to maintain just as an employer! Payroll Services does such excellent work on payroll, but when it comes down to ERTC credits they’re not available. They say that all this is too complicated for them because there are so many variables involved in computing your employee’s wages . . . including annual qualifying wage gaps and quarterly reports from employers who need their own information compiled about eligible staff members’ contributions towards P&L forgiveness programs like tuition reimbursement or paying off student loans early – things I never would’ve thought of.

Your Payroll Service does a great job at executing the fundamentals of paying your employees, but computing ERTC credits requires visibility into profits and losses. Not only that–you need to be aware how eligibility is determined as well as allocating those finite resources among different types or workers in order for it make sense accounting-wise! It sounds like what you really want done isn’t just payroll services but also tax preparation so don’t settle when someone offers “only” one thing anymore because they might end up offering less than expected.

The Payroll Services that we’ve worked with so far are happy to provide the payroll registers that we need to perform the allocations. And they are happy to file the Amended Form 941-X with the IRS on our client’s behalf.

But that’s the extent of it.

In fact, most wise Payroll Services are asking clients to sign an indemnification waiver before submitting a Form 941-X because the Payroll Service can take no responsibility for the accuracy of the ERTC credits you are claiming.

For them to involve themselves in the intricacies of this calculation, it is a liability and beyond their scope of services.

The complexity of the ERTC program is a beast unto itself and every tax accountant we’ve talked to says they focus on staying up-to-date with ever changing federal rules.
The one thing that has become clear though, even for those who specialize in just income taxes or only payroll management – some accountants will prepare your returns regardless but won’t give you any advice about how best use these credits if it goes against what’s already been done before!

The complexity of the ERTC program is a beast unto itself and every tax accountant we’ve talked to has said they focus on staying up-to-date on the ever-evolving income tax code, and they can’t now become experts in the ERTC program as well.

If your tax accountant is comfortable determining your eligibility by quarter and year, computing your credits, and preparing contemporaneous documentation to support an IRS audit, then you should certainly let them handle all of this.

If you want a second set of eyes on this, we’re happy to take a look.

Your Bookkeeper should certainly have access to all the information that is needed for an accurate calculation of your legal ERTC claim. They will have your financial reports, payroll registers, and PPP loan forgiveness documents.

The Million Dollar Question is . . . Do They Have The Time?

  • Do they have the time to dig into the text of American Rescue Plan Act of 2021
  • And its accompanying referenced laws like: CARES ActFamilies First ActPayroll & Healthcare Enhancement ActPPP Payroll Flexibility Act and the Consolidated Appropriations Act
  • Time to read the IRS Interpretations and FAQ’s? And cross-reference those definitions with that of PPP which was separately defined and dissimilarly interpreted in the Small Business Administration’s Bulletins and IFRs?
  • Do they have the time to ensure accuracy in eligibility determination, maximize your computation and create the supporting documentation you’ll need to support an IRS audit of employer taxes?

So far, we have not found a bookkeeper who is able to take all this on, while handling the day-to-day of bookkeeping. If yours can, then take them up on their offer. We’re happy to take a second look.

Begin your Claim - Answer 10 Questions

Your time investment will be under 15 minutes – guaranteed.

And could be worth tens of thousands in free money. 

TechFX

2323A Madison Ave

Memphis, TN 38112

Copyright TechFX 2022

Privacy Policy Contact Us