It makes sense for any business owner to capitalize on tax breaks. Those tax breaks help them save money, maintain operations, and expand into new opportunities. If you employ workers for your business, you can receive a significant tax break known as the Employee Retention Credit. The program behind this credit allows business owners to receive a tax credit of up to $26,000 for every employee at their company. ERC Today is one of the companies that can guide you through the process.
What is ERC Today?
ERC Today is a company that helps business owners submit applications for Employee Retention Credits. The company has an in-house team of accountants that will handle the work for you and submit it to the IRS. The company aims to give you the right tax credit instead of over-promising. You can receive up to $26,000 as a tax credit for each employee, but several variables can reduce your ERC claims.
How Does ERC Today Work?
Want to get started with ERC Today? If you decide to work with the company, you can expect the following workflow.
Eligibility Analysis
ERC Today conducts a free eligibility analysis to confirm if you qualify for Employee Retention Credits. You will have to fill out a questionnaire that gives the company more information about your business and if you can participate in the ERC program.
Data Submission and Credit Calculation
ERC Today has a secure online portal you can use to upload documents to determine your optimal claim. Documents like your 941 returns, PPP loan documents, and raw payroll data will help with this process.
Amending Returns
You have to complete, sign, and file the 941-X amended payroll returns. ERC Today guides you through this process so you can complete your claim.
Get Paid
At this point, all you have to do now is wait for the IRS to send you a tax refund. If your claim gets approved, you will receive your check in the mail. Business owners receive one check for each 941-X claim form that gets accepted. This entire process can take a few weeks. You can submit the forms yourself, but ERC Today can streamline the process and increase your likelihood of receiving tax credits.
What Does ERC Today Offer?
Here’s what you get if you work with ERC Today.
ERC Today Details and Fees
You don’t have to worry about any upfront costs if you use ERC Today. The company charges a fee based on a percentage of the tax refund you receive. Receiving a higher reward will lower the percentage ERC Today takes out of your refund. These are the fee percentages:
- A 15% fee if you receive up to $499,999.999 in Employee Retention Credits.
- A 10% fee if you receive $500,000 to $999,999.99 in Employee Retention Credits.
- A 7.5% fee if you receive $1 million or more in Employee Retention Credits.
What are the Benefits of ERC Today?
Working with ERC Today has several benefits. These are some of the perks you can expect:
- No upfront fees: You only pay ERC Today if the company’s services are successful in helping you get a tax credit. If the company can’t secure tax credits for your business, you don’t have to pay them.
- Free eligibility analysis: You don’t have to pay ERC Today to see if you qualify for tax credits.
- Save money on taxes: The tax break from ERC can get lucrative if you have enough employees who you retained during the pandemic.
- Get help with the ERC application: It can feel daunting to submit an application for tax credits. ERC Today streamlines the process for you and has an in-house team of accountants to guide you through the journey.
- An experienced team: ERC Today has helped thousands of businesses receive the tax credits they deserve. This experience results in a team that knows what it takes to get you a tax refund.
What Do You Need to Qualify for ERC Today?
The IRS highlights who qualifies for the ERC program. You must be a business owner or tax-exempt organization that was shut down by the government due to the lockdowns during 2020 or the first three calendar months of 2021. During that time frame, you must have retained employees. During these eligibility periods, the business must have experienced declining gross receipts. Businesses must also qualify as recovery startups for the third or fourth quarter of 2021.
What Makes ERC Today Stand Out?
ERC Today stands out for its past success stories and no upfront payment. You do not have to pay ERC Today until the company helps you receive a tax refund from the IRS. ERC Today has many Google reviews that showcase the company’s commitment to its clients.
What are ERC Today Reviews Saying?
ERC Today’s Reviews are mostly positive, with a 4.9 rating across 394 Lendio reviews and a 4.8 rating from 155 reviews on Host Merchant Services. The company also has 78 Google reviews that average 4.9 stars.
Should You Apply with ERC Today?
Applying with ERC Today is a risk-free process. You don’t incur any fees for submitting an application and only pay if ERC Today delivers on its services. The application form has a 4-step process that only takes a few minutes to complete.
How to Get Started with ERC Today
You can get started with ERC Today by filling out this application. This application helps ERC Today determine if you qualify for ERC, and then the company will help you receive tax credits.
