TAX STRATEGY/ ERTC CREDIT
ANOTHER REASON TO WORK WITH US
You've invested in your business.
It's time to claim your credit.
Because we have never lost an audit and will do a complete COVID impact report with working papers documentation we are confident in giving our clients a 100% audit guarantee meaning that should our clients get an audit from the IRS we will completely defend them for the work we did for them. (Note – the limit of our liability on covers our work based on the numbers they give is, not on any validity of the numbers being true and accurate.) After over 877 clients in the past two-years we have been doing ERTC we have never had an audit requested of any of our clients. Will those other companies even be around should the IRS request an audit? How would you like to keep looking over your shoulder in fear of an audit?
There are other groups that do this,
but why work with A2Z Benefits?
We have been in the tax strategy world for over ten years, providing business owners with complete tax strategy plans to reduce their tax burden by millions of dollars. We have been doing R&D Tax Credits, Work Opportunity Tax Credits and more recently the Employee Retention Tax Credit for a long time and have been successful at it, having a very low audit ratio (like six audits) where we have won every single one!
Learn How You Can Benefit
From the Employee Retention Tax Credit (ERTC)
The Employee Retention Tax Credit (ERTC) is a government program to help business owners recoup federal tax money based on the numbers of W2 employees in 2020 and 2021. You make money on the contingency fee paid to apply for the credit. And you don’t do any heavy lifting.
2 Methods to Qualify
For ERTC, unlike PPP, the employee threshold is determined by looking at full-time employees rather than full-time equivalents. A full-time employee in this case is defined as someone working an average 30 hours per week or 130 hours per month.
Type of W2's that qualify
For ERTC, unlike PPP, the employee threshold is determined by looking at full-time employees rather than full-time equivalents. A full-time employee in this case is defined as someone working an average 30 hours per week or 130 hours per month.
How much can they get back?
For 2020, there is a maximum credit of $5,000 per eligible employee. The 2020 credit is computed at a rate of 50% of qualified wages paid, up to $10,000 per eligible employee for the year. For Eligible Employers with less than 100 average full-time employees in 2019, the credit is available for all employees receiving wages in 2020.
Please book a discovery call and find out if
partnering with A2Z Benefits makes sense.
A Comprehensive COVID Impact Report
The lynch pin to making this program work for the client is to fully justify why the client should be able to apply for this credit. So we do what other companies will not and that is to write up a comprehensive COVID impact report citing all the local, county, state and federal mandates that have impacted the client and the client's industry. Should any audit come up years later, we will have complete documentation (working papers) including this comprehensive COVID impact report. No one else will do this for the client. And after over 877 ERTC clients and millions of dollars of recovered credits, we know exactly what the IRS wants to hear.
Complete Audit Guarantee
Because we have never lost an audit and will do a complete COVID impact report with working papers documentation we are confident in giving our clients a 100% audit guarantee meaning that should our clients get an audit from the IRS we will completely defend them for the work we did for them. (Note - the limit of our liability on covers our work based on the numbers they give is, not on any validity of the numbers being true and accurate.) After over 877 clients in the past two-years we have been doing ERTC we have never had an audit requested of any of our clients. Will those other companies even be around should the IRS request an audit? How would you like to keep looking over your shoulder in fear of an audit?
Complete Fee Guarantee
We have created a unique algorithm to ensure the clients gets back every single penny owed to them by the IRS to include any interest incurred. This is why we are able to get significantly more credits back than other companies that have jumped into this business. We also state in our Letter of Agreement that we provide a 100% fee guarantee that if we are unable to get any recovery back from the IRS, we will refund any up-front fees paid to us to complete this work. With over 877 clients and millions of dollars in recoveries, we have always gotten every penny we have requested bar none.
TAX STRATEGY
By consulting with a tax professional before the yearly deadlines, you are better able to make strategic plans for your business. As the year closes out take time to review the plans laid out by your financial advisor. Put into action any processes that will save you money when it comes time to file your business taxes.
Tax professionals must stay on top of changes in tax laws and will know the best strategies for your business. Don’t forget to ask your tax professional how they can partner with ELB to reduce your tax liability.
- Tax Credits – Tax credits directly decrease taxes. This means that for every dollar of a tax credit you save a dollar on your tax bill.
- Tax Deductions – Tax deductions lower the amount of taxable income. This means that the amount you are taxed per dollar (depending on your income bracket) is removed from your taxable income. It’s as though it was never there to begin with.
- Tax Exclusions – A tax exclusion indicates income that does not need to be reported to the IRS when filing your taxes.
Keeping detailed records throughout the year will make your tax season less stressful. By having all your paperwork and information in order it will also make your accountant’s life easier. This could help them more easily identify ways for you to save.
FAQ's
This tax credit deducts a percentage of expenses paid by a company to provide paid-leave for an employee. It must be for medical purposes.
Who it’s for: Companies who provided paid-leave for medical reasons to an employee for at least two weeks.
Notable Limitations: The employee must be on your payroll for at least one year in order to qualify.
This credit is for any business that makes significant efforts to make itself more accessible to those with disabilities.
R&D credits are in place to encourage innovations to business methodology and processes. This credit offsets R&D-related expenses and wages. The changes to the Research Tax Credit effective January 1, 2016 are beneficial for startups, mid-size firms and large companies alike, as well as making it easier for engineering and architectural firms to benefit. They were also made permanent.
Recent Tax Credit Examples
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