Single Source Advisors, LLC

03/24/2023

My revenue went up in 2020, can I still qualify for the ERC program?

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. https://erc-refund.online/

Specializing in Nationwide Certified IT and Facility Decommissioning Services

03/18/2023

How will I make payment for your services?

We understand your refund check may not arrive for several months (20 weeks minimum according to IRS documentation), so we offer two payment options – you may pay your fee upfront at a discount – or – the full fee can be deducted from your refund once received. Upfront payments can be completed by credit card.

We have a 100% Money Back Guarantee! If the IRS does not release the credit claimed for any reason, we will refund any payments made. https://erc-refund.online/

Specializing in Nationwide Certified IT and Facility Decommissioning Services

03/15/2023

As an owner, do my wages or the wages of any family member I employ qualify?

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. https://erc-refund.online/

Specializing in Nationwide Certified IT and Facility Decommissioning Services

03/13/2023

Can't I just have my CPA file for me?

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 ERC Specialists we have decades of payroll experience, which has allowed us to specifically focus to understanding and maximizing the ERC program. https://erc-refund.online/

Specializing in Nationwide Certified IT and Facility Decommissioning Services

03/11/2023

How long does it take to get my ERC credit?

This is how the process works: you send us the required documents and we process an analysis at no charge. The process from start to finish usually happens in 2-3 weeks. If you wish to move forward, you will select your desired payment option and we file your claim. Once filed, refunds are released based on the IRS backlog. Currently, the IRS has stipulated a 20-week minimum turnaround on the ERC refunds. https://erc-refund.online/

Specializing in Nationwide Certified IT and Facility Decommissioning Services

03/10/2023

Can I get an ERC Refund if I already took the PPP?

Yes. The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted on 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. https://erc-refund.online/

Specializing in Nationwide Certified IT and Facility Decommissioning Services

03/04/2023

At ERC Specialists 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. https://erc-refund.online/

03/02/2023

While the general qualifications for the ERC program seem simple, the interpretation of each qualification is very complex. Our significant experience allows us to ensure we maximize any qualifications that may be available to your company. https://erc-refund.online/

02/28/2023

The Employee Retention Credit or ERC ( https://bit.ly/3IHnbKO ), is a generous stimulus program designed to bolster those businesses that were able to retain their employees during this challenging time. Due to the extremely complex tax code and qualifications, it is severely underutilized.

Details of the program include:

✔️ UP TO $26,000 PER EMPLOYEE
✔️AVAILABLE FOR 2020 & Q1 - Q3 2021
✔️QUALIFY WITH DECREASED REVENUE OR COVID EVENT
✔️NO LIMIT ON FUNDING (ERC IS NOT A LOAN)
✔️ERC IS A REFUNDABLE TAX CREDIT