ERC TAX CREDIT EVALUATION SERVICES
Employee Retention Credits (ERC) & Substantiation Reports
Schedule a free ERC consultation to find out if your company qualifies for Employee Retention Tax Credits for the present and past years, whether any filings you have made are worth revisiting, and/or for assistance in putting together a substantiation report (proof of accurate filings).
Request a Consultation Your Initial Consultation ExplainedCTA Work by the Numbers
$300M+
Client Tax Credits & Incentives Identified
200+
Years Combined Tax Credit & Incentive Experience
1000+
Successful Tax Credit & Incentive Studies
Helping Businesses & CPAs Across the Nation with Specialty Tax Credit Services Since 2014
No-Risk
Our evaluations are always 100% free, and we only invoice for our services out of credits found. If we don’t find you qualify for the credits we identify, you don’t have a bill.
On-Demand
If we identify credits/incentives for which you qualify, we partner with your primary accounting firm to complete the necessary studies and filings as part of your broader tax strategy.
Entrepreneurs at Heart
We love what we do because our days are filled helping innovative & entrepreneurial firms free up capital for growth via the programs that help keep our country on track for a bright future.
DOWNLOAD THE WHITE PAPER
Complex Tax Credit & Incentive Matters: What Your Business Needs to Know
Our ERC Specialists through Our Clients’ Eyes
I am pleased to recommend John, Sam, and their team at Corporate Tax Advisors for their exceptional services. We were introduced to them through our CPA, and their impact has been invaluable…
John and Sam delivered on their promise to secure our ERC refunds promptly from the IRS and invoice us only after we received our refunds. This level of integrity and client-centric approach is commendable.
Stefan Frame, VP – Southeast Grinding and Grooving
Temple, Georgia
We hired CTA to help us pursue various opportunities. Initially, they helped us with a Job Tax Credit analysis. We were very pleased with their services and followed up contracting them to carry out a Research & Development Tax Credit analysis. Again, we were very pleased with their services and have continued to work with them to carry out the same analyses for the current year.
Quint Newcomer, Director Sustainability & Business Administration – Architectural Collaborative
Athens, Georgia
The Problem:
The US tax code is so broad and complex that no primary firm can stay current on all aspects, AND companies end up paying more taxes than they should when nuanced & complex credits/incentives are not attained.
Increase Profitability and Finance Growth with the Employee Retention Credit (ERC)
Also known as the “ERC Credit” or “Employee Retention Tax Credit” or “ERTC” or “ERC Programs,” the Employee Retention Credit is a program for businesses that had employees during the Covid-19 pandemic.
Purpose of the Employee Retention Credit
What are ERC credits? The purpose of the Employment Retention Credit was to incentivize employers who were disrupted by the pandemic to keep employees on the payroll even if the overall business was suffering.
What Are the ERC Qualifications?
Businesses that had employees with paid qualified wages between March 12th, 2020 and before January 1st, 2022.
Is It Too Late to Get the Benefits of the ERC Program?
No. In 2023, qualified businesses may still apply for and receive the benefits of this program if they had qualified wages in the period referenced above. Corporate Tax Advisors is very familiar with helping businesses who may not have known how to apply for this program.
What Are All These Rumors About the IRS Questioning ERC Qualifications?
Unfortunately, there has been rampant fraud surrounding the ERC program.
In response, the IRS has made a lot of noise publicly that makes it appear that the program has been suspended permanently. That is not correct.
As a leading ERC firm, we hear from confused clients all the time.
Make no mistake…If you are qualified for the Employee Retention Credit, the IRS is legally obligated to process and produce the credit.
The program has served and continues to serve small business across the country that experienced difficulties and issues caused by government-ordered shutdowns (including partial) during the Covid-19 pandemic.
To have your filing in order for increased levels of scrutiny, our ERC advisors now recommend an Employee Retention Credit Substantiation Report.
What Is an Employee Retention Credit Substantiation Report?
An ERC Substantiation Report offers a second look at a taxpayer’s eligibility to claim the Employee Retention Credit, and provides significant support and documentation data to endorse a taxpayer claim for the credit.
With increased IRS scrutiny on the back of all the fly-by-night filings and rampant fraud, a more thorough filing can document what you claimed and why it’s valid.
Are You Concerned Erroneous ERC Claims May Have Been Filed on Your Behalf?
Proactively correcting your filings and providing a substantiation report is worth strong consideration. Our team provides ERC tax credit help to concerned businesses who have already filed as well.
Request a Free ConsultationWhat Are the Eligibility Requirements for ERC Credits?
There are two specific methods to qualify as an eligible employer through the original issuance of the credit in the CARES Act:
- Gross Receipts Test
- Partial Suspension of Operations Test
What Are the Components of the Partial Suspension of Operations Test?
Eligible employers must meet to tests to be eligible:
- An Effective and Involuntary Government Order Limiting Business Operations
- The Business Was Affected in More than a Nominal Way
What Are the Components of the Substantiation Report?
An ERC Substantiation Report focuses on the Partial of Suspension of Operations test and includes:
- An Articulation of Your ERC Qualification:
- A detailed analysis of applicable code sections and notices released by the IRS
- A constructive argument of the methodology of qualification
- The taxpayer’s individual facts and circumstances that led to a partial or beyond-nominal shutdown of operations.
- Substantive Government Orders and Order Timelines: Your eligibility is generally limited to dates that government orders limited your ability to operate. We’ll include a timeline of the various orders and what specific limitations were imposed.
- Analysis of Previous Qualification and Document Readiness: The report contains an analysis of the quarters applied for or received, whether you may have been qualified for a claim in excess of your eligibility, and how it may be rectified if you are overqualified.
Why Do I Need an ERC Substantiation Report?
The IRS has elevated this credit to the highest levels of internal concerns. Due to so many preparers (fraudulent and not) entering the market, the IRS has serious concerns about how each credit was evaluated. A Substantiation Report:
- Analyzes the credit through the lens of factors the IRS considers
- Compiles documentation needed in case of an examination
- Gives taxpayers confidence in the legality of their claimed credits
What Additional Evaluative Services Are Recommended for Credits Related to ERC Supply-Chain Disruption?
There are additional complexities that arise when evaluating eligibility from a “supply chain” perspective or in evaluating your previous study’s calculation methodology.
- More Stringent Requirements for Supply Chain Qualifications: If you were qualified under a partial suspension due to supply chain issues, you are required to supply more contemporaneous documentation upon exam. As the look-through to the vendors requires this documentation, the report will generally take longer and require a more thoughtful analysis of these specific factors.
- Calculation Evaluation: The calculation itself has many pitfalls, as the PPP has multiple rules regarding how it must be backed out from the calculation and health expenses are includable in the calculation. This evaluative option allows the taxpayer a second look at the calculation to see if the claim was over or underreported.
If the above sounds intimidating, we understand. Our ERC specialists focus on matters of this complexity. Contact us today to talk about ERC and Substantiation.
*If you are a Georgia-based company, we will also be happy to discuss Georgia jobs tax credits on the same call.
Founder & CEO Mike Woeber Talks CTA Culture & How We Partner with Accounting Firms to Ensure Amazing Results for Clients
“I spent 24 years in public accounting…and during that time, I saw a need for very specialized services. Things that you would think a CPA firm would do, but they are not really staffed up for or have the right personnel to do….We want our employees to do two things:
We want them to do a very defendable and solid credit incentive delivered to the client.
And we also want them to be sure the client is happy while we do it.”
Schedule Your Consultation Partner with CTAOur Mission:
To educate and advise our clients of tax incentives in a Collaborative, Timely, and Accurate manner.
Some Representative Examples of Employee Retention Work:
Service: Employee Retention Credit
Industry: Restaurant
Location: Coastal Southeastern States
Company Size: 175 Employees
Background: Popular sandwich franchise business with multiple locations ranging from South Carolina, Georgia, and Florida. Even though the dining rooms were closed, the stores did more revenue during the pandemic.
Result: Client was referred to CTA through their payroll provider since we frequently work with PEO’s (Professional Employer Organizations). After meeting with the client, we qualified them for both financial and partial suspension of operations due to a government order. The client received over $500k in ERC refunds.
Service: Employee Retention Credit
Industry: Medical
Location: New York, NY
Company Size: 65 Employees
Background: Family owned medical practice and surgery center, was an essential business but all elective surgeries and procedures were restricted. Medical supplies were severely limited and rationed out or on back order for months at a time.
Result: The client qualified under the partial suspension of operations due to a government order and received over $700k in ERC refunds.
Service: Employee Retention Credit
Industry: Manufacturing
Location: Atlanta, GA
Company Size: 400 Employees
Background: The company was deemed as essential so never closed their doors. Although the company’s gross revenue was higher than ever during the pandemic, their bottom line suffered significantly. Due to huge supply chain shortages, fuel surcharges, issues with port closures, and sky-high freight costs, their profit margins were at an all time low.
Result: The client qualified under the partial suspension of operations due to a government order in supply chain issues and received $2.5 Million in ERC refunds.
Professional Recognition
Our firm is recognized as one of the leading specialty tax advisory firms in our industry throughout the nation. By combining our expertise, experience, and the energy of our staff, each client receives close, personal, enthusiastic, and professional attention.
Our high standards, service, and specialized staff make all the difference when comparing CTA to other firms. We make sure that every client is served by the expertise of not only their personal account manager, but our entire firm.
Our Process Pays for Itself:
Step #1: INTRO CALL
Determine Whether You Qualify
You choose a convenient time on our availability calendar for us to ask you some basic questions about your business and determine whether or not you are a candidate for the various incentives in which we specialize.
Step #2: RESEARCH & PREPARATION
Run the Study & Analysis
Working in unison with your team & your primary accounting firm, we gather the requirements and make the calculations that determine the value of the credits or incentives as required by law.
Step #3: COMPLETION
Complete the Filing & Receive the Credit
Once we determine the credits available and have everyone’s approval, we prepare the filings for submission by your firm (along with other filings you/they may be handling) and invoice for our services.
