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.
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)
If You’re Ready, Register here
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?
ERC Speciality Firm
Our team is comprised of Tax Attorneys, Certified Auditors, CPAs, tax specialists and IRS Enrolled Agents all here to ensure the quality of our work
Commitment to Excellence
Don't be your CPA's guinea pig. We average 30-50% more funding than a CPA not familiar with ERC. We help many CPA's out by filing ERC for all their clients.
Audit Protection Included
If audited, we will supply all criteria and assist you with the IRS. Our audit support is for 5 years and vastly more comprehensive than industry standard.
Maximum Funding
We evaluate your claim in every way to ensure we maximize your credit. Most ERC companies fail to calculate properly, don't have the expertise to qualify more complex filings, and don't guarantee their work.
Protection is Paramount
Protecting our client's is unparalleled in the ERC industry. We carry E&O insurance, offer 5 year audit support , and co-sign your 941X forms. 99% of our competitors don't provide this to their clients.
Professional Support
Although our process is relatively quick and painless for you, when you have questions we have answers with a dedicated team of ERC support specialists to help you navigate this complex ERC filing,
Frequently Asked Questions
No. This is not a loan. It’s a refundable tax credit. When we file your ERC filings we are requesting refund checks for you. These checks come quarterly, based on which quarters you qualified for. Upon receiving your tax credit, you will make a simple adjustment to your payroll taxes for the years in which you received ERC funding. It’s very simple. We can help your tax person with this simple adjustment.
There is zero risk working with Jorns & Associates. If Jorns cannot get you ERC funding, it cost you nothing. Our service charge is based on a percentage of the credit recovered. But remember, not all ERC companies are created equal. Typically, we recover 30-65% more than other ERC companies out there. For this reason, our 20% contingency fee is the best rate offered in the industry considering our quality of work and unmatched protection for our clients. Utilizing the right company is everything. Also, many won’t provide Audit protection, nor carry E&O insurance (like Jorns does) nor will they be willing to co-sign your 941x forms. . Heck, many ERC companies don’t even have in-house CPA’s and they don’t guarantee their work. Jorns & Associates absolutely does!
Technically, yes! That said, this a complex government funding program with many parameters to qualify. If your CPA is not keenly aware of the 102 page ERC guidance and all its nuances, problems arise. One major issue that you cannot fix later is underfunding, or worse, believing you do not qualify, when you do.
Another 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.
Here’s an honest question to ask yourself, and respectfully, if you CPA could file this for you, why haven’t they already filed it? Maybe they are simply not equipped to maximize your return.
So, we don’t recommend leaving your ERC money in the hands of anyone who isn’t filing hundreds of these complex filings and staying abreast to all the changes happening.
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 multiple possible parameters for potential qualifications. 2 of the most discussed would be: 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 so long as they file during the enrollment period. The deadline is approaching so start today!
You will complete the Engagement Letter and make a $2600 pre-payment that is part of your 20% contingency fee. If we cannot qualify your business, you will be refunded the $2600. Essentially, we will spend weeks verifying if you qualify for free. If you don’t qualify for funds, you’ve paid nothing.
The $2600 will be subtracted from the money owed in the contingency fee. For example, if your contingency fee is $10,000, you would minus the $2600 and only owe $7400 after the IRS pays you. You pay our remaining contingency fee within 30 days of your company receiving the funding from the IRS.
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. To confuse matters more, it also depends on how many owners there are. So, it’s best to let us help you with your ERC filing. If you do it on your own, and get it wrong, you may get yourself unnecessary attention from the government.
No, if you are majority owner (over 50%) of your company then your wages do not qualify.
This is the Employee Retention Tax Credit program, if you did not have W2 employees and paid payroll in 2020 or 2021, you won’t qualify.
Approximately 6-9 months. There are multiple factors. How quickly do you get us the required financials? How complex is your filing? How responsive are you when we ask for additional information? Once filed, refunds are released based on IRS backlog. Currently, the IRS has stipulated a 6 month minimum turnaround on the ERC refunds. That said, their timeline seems to change with regularity.
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