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Employee Retention Credit (ERC) Tax Refunds

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Recover Up To $26,000 Per Employee As A Payroll Tax Refund

Update: The IRS recently announced that they have paused processing some applications for the ERC.

The IRS is focusing their attention on the select ERC marketing companies that are not following the rules and regulations that have been put in place. The IRS is trying to clean up the “ERC fraud” that has been occurring as a result. There are some business owners that are being scammed by unscrupulous actors and aggressive marketing. There is growing evidence of questionable ERC claims which has created unacceptable risks to businesses and the tax system.

This should only delay the approval process of SBAM members getting their ERC refund approved by three months.  We are still submitting business as usual with our trusted and vetted ERC partners, CLRA Group and Occams.

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The Employee Retention Credit (ERC) was approved under the CARES Act for employers affected by the COVID-19 pandemic as an inducement to keep their employees on the payroll and off of unemployment compensation. The ERC is a refundable tax credit per employee by an eligible employer. You can receive up to $26,000 per employee!

The ERC was not widely used until March 2021, when updated IRS regulations made this type of COVID-19 relief more accessible. In short, thousands of businesses who once picked between the Paycheck Protection Program (PPP) and ERC can now possibly use both, by amending their Quarterly Form(s) 941.

It’s not too late. SBAM’s approved partner vendors can help you with the application process and get you your refund.  Even if you’ve been told that your company doesn’t qualify, let us make absolutely sure you aren’t entitled to a tax credit.

Please note that you must be a SBAM Basic level member or higher to participate in the SBAM ERC program.  Please click here to review your membership options.

Webinar: Debunking the ERC for Small Business

Even if you’ve been told you don’t qualify, contact our partners to find out for certain!

It’s not too late to apply.

Currently, you are eligible to file for a retroactive refund three years from the date of your original qualifying tax filing, thanks to a legislative extension. For 2020, businesses have until 2023 to file for the tax refund. However, government-funded programs are subject to change. Other funds like PPP and Restaurant Revitalization have run out without notice.

Do you meet the criteria to apply for the Employee Retention Credit?

Criteria #1: In 2020, must have no more than 100 full-time W-2 employees. In 2021, must have no more than 500 full-time W-2 employees.

Criteria #2: Must also have either reduced business receipts or have been fully/partially shut down by government order.

In addition, if incorporated after Feb. 15, 2020, your business may qualify as a Recovery Startup Business (RSB) and be entitled to ERC tax refunds of up to $100,000 over the last two quarters of 2021.

It’s not too late. SBAM’s approved partner vendors can help you with the application process and get you your refund.  Even if you’ve been told that your company doesn’t qualify, let us make absolutely sure you aren’t entitled to a tax credit.

Please note that you must be a SBAM Basic level member or higher to participate in the SBAM ERC program.  Please click here to review your membership options.

Endorsed ERC Vendors

SBAM has gone through an extensive search process and selected two vendors that have been researched and vetted as trusted sources for your company to contact for assistance in applying for and receiving the Employee Retention Tax Credit. Please see below for more information about each vendor. Please note that you must be a SBAM Basic level member or higher to participate in the SBAM ERC program.  Please click here to review your membership options.

Occams Advisory

For over a decade, Occams Advisory has maximized the potential of thousands of businesses like yours to achieve their business goals. They have designed a comprehensive, compliant, and cohesive tax credit assistance program with emphasis on Employee Retention Credit (ERC). Their best-in-class team of dedicated ERC staff have helped 1,000+ clients and are ready to help you get your well-deserved ERC dollars.

  1. High Expertise and Accuracy: Their market leading expertise and comprehensive process has been repeatedly vetted by attorneys, lenders, and insurers.
  2. Audit Assurance: Their fees include an audit assurance for 5 years or maximum applicable audit window for a tax credit filing.
  3. Fee Assurance: They also commit to refund their Fee proportionately to any ERC that you may have to pay back due to errors in our calculations.
  4. Peace of Mind: Any quality provider can assist you in getting you the Employee Retention Credit, but their comprehensive compliance standards help you keep the ERC money should you be audited by the IRS.
  5. Attorney Opinion: An independent attorney prepared tax opinion based on comprehensive analysis of your situation specifically establishes your eligibility for ERC.
Contact Occams Advisory

CLRA Group

CLRA Group is here to provide you with the ultimate ERC experience. They use their own proprietary software to maximize your ERC so you are not leaving ERC money behind. The majority of the businesses they’ve helped to get qualified for ERC have been told that they do not qualify. So even if you were considered “Essential”, had increased revenue and/or retained your employees during 2020/2021, they can qualify you for ERC!

  • 5-Year Audit Protection: Their 5-year Audit Protection gives you access to a dedicated team of experts who will shield you from the potential risks and uncertainties associated with an ERC audit.
  • $21,000 Average in ERC Per W2 Employee: They are averaging 2x more in ERC than the industry average of $10,000 for each W2 employee.
  • Dream Team: Access to a team of 350 + employees of highly credentialed professionals, including specialized CPAs, Accountants, Tax-Attorneys, former IRS employees, IRS Enrolled Agents and In-House Counsel.
  • Qualifications Report: Attorney reviewed Qualifications Report offers an in-depth analysis of “How” and “Why” your business qualifies for ERC.
Contact CLRA Group