The Employee Retention Credit (ERC) program is part of the $2.1 trillion CARES Act 2020 & subsequent Consolidated Appropriations Act 2021. ERC regulations have changed, meaning:
However, the ERC regulations are complicated and most accounting firms (CPA’s) are averaging only $5K to $10K of the possible $26K per W2 employee and have a high rejection rate..
If you are a non-profit, ministry organization or church, as an employer you still pay employment taxes and can qualify for the ERC tax refund.
Watch this 1 min. introdutory video:
by Tony Swantek.
Owner: Snap Financial (Client Acquisition)
Jorns & Associates COO
Interested? Call: Anthony 972-849-9500
The federal government established the Employee Retention (tax) Credit (ERC) as a refundable employment tax credit to help businesses with the cost of keeping staff employed. You can Google it.
With new legislation now qualifying companies (& non-profits) with 5 - 499 full time (+130hrs/month) employees to receive UP TO a $26,000 per employee tax credit/refund, even if they have received PPP.
The extremely complex, convoluted and ever changing ERC regulations with multiple thousands of pages of regulations to keep up with, has resulted in 90% of entitled companies unaware they can now claim.
Your first thought is to have your CPA file. Your CPA who you have a relationship with and trust - just like your GP - but you wouldn’t hesitate to go to a specialist when medically expedient.
It is financially expedient to consult an ERC specialist to maximize your ERC return/refund. See the statistics below.
The extremely complex, convoluted and ever changing ERC regulations has resulted in many CFO’s and company accountants not realizing their company may indeed qualify and this has left $ Billions of ERC tax credits yet to be claimed.
As good as many CPA’s are, like GP’s they do not specialize in one area. If you have a heart problem you need a Cardiologist not a GP.
Have you received your ERC yet? If so did you get $20k+ per employee?
The reason more than one of the “Big 10” accounting firms has used Jorns & Associates to handle their ERC work is - with multiple offices, over 300 employees, 200 of which are licensed, Jorns CPA’s are entirely focused on ERC refunds and gets better results. Also, Jorns invested $500,000 in innovative, proprietary software so each client can be matched against the latest eligibility requirements and applicable incentives for maximum returns. They are THE specialists.
There are many companies that offer tax credit and incentive consulting services but most do not even have CPA’s and their average return is only $5K - $7K ERC per employee, meaning they could have left over $100k “on the table” for every 10 employees. These companies also have a high rejection rate because they are “general practitioners“, tax preparers not ERC specialist. Jorns & Associates are specialists, their CPA’s are 100% focused on ERC.
If your tax preparer even CPA says they can file for you, ask how many ERC filings they have done and what their average per employee return was. As good as they maybe in other areas, if their average is less than $20k, you may want to use a specialist. Jorns is only taking on new clients with 10 or more employees at this time.
Watch this more detailed 5 min. video then call the person who referred you to this page.
Watch this 5 min. video by billionaire Tony Swantek - Snap Financial owner & Jorns & Associates COO - talk about the Jorns & Associates ERC difference.
We were told by our CPA that we would not be able to qualify for the Employee Retention Credit because our revenue was up in 2020 versus 2019. Jorns & Associates had us fill out their questionnaire then dug deep into our revenue data and we ended up qualifying for over $31,600 for our 7 employees in 2020 alone.
We own 3 car dealerships and didn't know much about the ERC program. Our CPA referred us over to Jorns & Associates to assist us with applying for the ERC as that is what they specialize in. We have qualified for over $2.4 Million Dollars in ERC and we still have the 3rd quarter of October to file for shortly!
I hadn't even heard about the ERC program until a friend of mine connected me to Jorns & Associates. Our business was well since we are in the restaurant delivery industry. We did have some challenges with our expansion operations over 2020 and Jorns & Associates helped us qualify for over $100,000 in 2020 ERC.
Our revenue took a small hit over 2020 but it didn't hit the threshold the IRS requires for a company to qualify for the ERC. The team over at Jorns & Associates helped us qualify for over $276,000 for our 2020 credit. We have another $500,000+ on the way for the first 2 quarters of 2021 and they will help us with our 3rd quarter filing very soon.