ERC Credits Can Be Complex;
We Make it Simple
Complicated qualifications have owners missing out on millions
Collect Your Company’s Money in 3 Easy Steps
1. Educate Yourself
2. Become A Client
3. Get Paid
1. Educate Yourself
The Employee Retention Credit or ERC was initially passed alongside several government programs under the CARES Act, the substantial COVID-19 government stimulus bill, to reward business owners for retaining employees throughout the COVID-19 pandemic.
Due to the extremely complex tax code and qualifications, it is severely underutilized. Additionally, the qualifications have changed multiple times.
These refundable payroll tax credits could mean huge payouts for a majority of business owners. Sadly, too many owners don’t believe they qualify. And time is running out to educate these hard working, loyal pillars of the community. Far too many businesses will miss out on hundreds of thousands of ERC money. Don’t let the government keep yours. File today!
- Up to $26,000 per employee
- Available for 2020 Q1-Q4, & 2021: Q1-Q3
- Receiving a PPP loan, does not disqualify you from ERC funding
- Increased Revenue in 2020/2021 is not an automatic disqualification
- This is NOT a loan; it’s your tax credit money! Spend it however you wish
Watch this 5 minute ERC Overview!
2. Become A Client
How?
- If you’re ready to let us work for you, simply click on the link to access our engagement letter, complete it and we will contact you immediately!
- If you want to set a time to talk with one of our executive team members, use the link to schedule a time for us to have a discussion
- Call or text this number and we can start answering any questions right away so you can make a decision.
If You're Ready, Register Here
3. Get Paid
Now, it’s time for us to do what we do best: get you paid! How? Once you complete the Engagement Letter, and you’re a client of ours, you will have an entire team (selected from our hundreds of staff) assigned to provide you the maximum ERC funding!
We start with an Onboarding Specialist reaching out. They’ll outline all the documents required for us to get your credit into your pocket! Your info is always safe and secure in an encrypted, cloud-based drive. Based on your businesses’ info, we will let you know what the ERC money potential is.
The faster you provide us all the businesses info, the faster we can prepare your filing and one of our CPA’s will review it with you. Finally, we’ll submit your ERC claim to the IRS and you’ll get a check from the US Treasury in 6-12 months (based on timelines from Q1 & Q2 0f 2022)
ERC QUALIFICATIONS
While the general qualifications for the ERC program seem simple, the interpretation of each qualification is very complex. It’s true, you could potentially use your own bookkeeper, CPA or whomever to attempt to complete your ERC filing, but there is a reason why so many CPA’s refer Jorns & Associates to help their clients.
The bandwidth needed to complete such a complex program is beyond the scope of many highly successful accountants. A mistake with your ERC could cost you hundreds of thousands of dollars. Our significant experience allows us to ensure we maximize any qualifications that may be available to your company.
Also, please note that in 2019 your business must have had a minimum of 2 “full-time employees” (W2 earners whom avg 30 hours/week) and they cannot be owners or related to the owners. We specialize in businesses with 10 or more “full-time” employees.
What Our Clients are Saying
WHY JORNS & ASSOCIATES?
Dedicated To ERC
No need to be the guinea pig for your CPA. We average 10-20% more funding than a CPA not familiar with the program.
ERC Program Specialists
Our team strictly focuses on ERC allowing us to be the experts and resulting in more funding for your business.
Audit Protection Included
If you get audited, we will supply all criteria and assist in responding to the IRS.
Quality Results done Quickly
Our streamlined process and large staff count allows for better, more accurate results, performed far quicker than most ERC companies.
Maximum Funding
We evaluate your claim in every way possible to ensure we maximize your credit.
Professional Support
Although our process is quick and painless, when you have questions we have answers with a dedicated team of ERC support specialists.
Got Questions?
Frequently Asked Questions
No. This is not a loan. It’s a refundable tax credit. When we file your ERC claim we request a refund check for you.
Our service charge is based on a percentage of the credit recovered. We calculate and provide our fee with our free analysis. Since we are typically able to recover 10-20% more than someone less familiar with the program, our fee is very affordable. Just like a good CPA, using the right team for this process pays for itself.
Of course. The challenge is the ERC credit is taken on your payroll returns and not through your business income tax returns, which is what most CPA’s handle. Because of this most CPA’s don’t process this credit, unless they process your payroll in house. This is also a big reason why this credit is so underutilized. Since CPA’s don’t typically handle it and they are the tax experts, it has mostly fallen in a middle ground where few are able to effectively process the credit. Interestingly, we receive a large portion of our clients from CPA’s.
At Jorns we have decades of payroll experience, which has allowed us to specifically focus to understanding and maximizing the ERC program. In our experience we have found that due to the complexity (the ERC tax code is over 200 pages) and time investment necessary to understand the ERC program, very few are able to effectively maximize this sizeable credit for your business.
Yes. The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted December 27, 2020, modified the ERC credit rules. One of the modifications included allowing a company to have a PPP loan and still take advantage of the ERC credit. However, you can’t use the same dollar for dollar funds. We take this into account when processing your ERC credit.
Yes! There are two possible qualifications for 2020: revenue reduction, or a “full or partial shutdown of your business due to COVID-19”. Specifically the IRS describes this as “A government authority required partial or full shutdown of your business during 2020 or 2021. This includes your operations being limited by commerce, inability to travel or restrictions of group meetings.” Below are several examples of qualifying events:
Example 1: A restaurant must close or limit its on-site dining. Such as having to close down every other table, due to COVID-19 restrictions.
Example 2: A business that needs to meet with clients in person and has to cancel meetings due to COVID-19 restrictions.
Example 3: A business has to reduce their operating hours because COVID-19 restrictions and cleaning requirements.
Example 4: A business had delayed production timelines caused by supply chain disruptions.
Example 5: A business with a planned event has to cancel that event, or restrict the amount of people who can attend due to COVID-19 restrictions.
The ERC credit is not considered income for federal income tax purposes, but you must reduce any deductible wage expenses by the amount of the credit. Please provide the credit information to your CPA for tax purposes.
This is not a lending program – tax refunds are issued by the US Treasury. Therefore, all eligible employers will receive the funds.
You can pay with a check, bank wire, or ACH.
Remember that this program is taken according to payroll taxes paid, not on income taxes. ERC funds not applied towards owed payroll taxes are treated as an ‘overdeposit’ of taxes that will be requested as a refund check from the IRS.
Maybe. Wages of owners who have majority ownership, defined as over 50%, do not qualify, nor do the W2 wages of any immediate family members of the owner. In the case an owner has less than 50% ownership, their W2 wages qualify, as do the W2 wages paid to immediate family members.
No, if you are majority owner (over 50%) of your company then your wages do not qualify.
This is how the process works: If you wish to move forward, you will sign the engagement agreement, select your desired payment option, and we will gather the data, run the calculations, build your qualification report, and file your claim. Once filed the IRS is taking 3-5 months to issues checks below $200,000 per quarter and 7-10 months to issue checks that are above $200,000 per quarter.
Location
30 N Gould St. Ste 23809
Sheridan, WY 82801
Our hours
9:00 AM – 5:00 PM
Monday – Friday
Contact us
Email: referral@jornscpa.com
Phone: 307.222.8975