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Optimize Your Employee Retention Credit

The Employee Retention Credit (ERC) is a valuable tax credit, offering relief to businesses that were impacted by the pandemic. If you are eligible, you could reduce your tax liability and boost your cash flow for your business. However, navigating the complexities of eligibility and understanding how to maximize your claim is no simple task. 

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Optimize Your Employee Retention Credit

The Employee Retention Credit (ERC) is a valuable tax credit, offering relief to businesses that were impacted by the pandemic. If you are eligible, you could reduce your tax liability and boost your cash flow for your business. However, navigating the complexities of eligibility and understanding how to maximize your claim is no simple task. 

Does Your Business Qualify for ERC?

Understanding the eligibility requirements for the Employee Retention Credit is crucial to maximizing your claim. Strategic Tax Planning has experienced tax professionals who can assess your specific situation and determine if you qualify based on two main factors:

  1. Did your business experience full or partial suspensions to operations due to government mandates?
  2. Did your business experience a significant decline in gross receipts over the relevant periods of 2021?
restaurant co-workers discussing business documents

Does Your Business Qualify for ERC?

Understanding the eligibility requirements for the Employee Retention Credit is crucial to maximizing your claim. Strategic Tax Planning has experienced tax professionals who can assess your specific situation and determine if you qualify based on two main factors:

  1. Did your business experience full or partial suspensions to operations due to government mandates?
  2. Did your business experience a significant decline in gross receipts over the relevant periods of 2021?
restaurant co-workers discussing business documents

See How R&D Credits Can Benefit You

Find out how to maximize your research and development (R&D) credit benefits. Our process is focused on transparency, client service, and deep technical expertise.
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Step 1: Request Complimentary Analysis

Get a free initial consultation to discuss your business's ambitions. After the call, we will request some limited additional information to help us refine your estimated credit benefits. This step usually takes 1-2 hours of your time. 

Step 2: Receive Proposed Scope of Work

After we evaluate the information gathered, we develop an estimated benefit and lay out the R&D study methodology that will best suit your business, along with the associated timeline and fees.

Step 3: Claim Your Credits

Once the full scope of work is agreed to, we request additional information and conduct interviews in order to determine the final amount of R&D costs under section 174 for the R&D credit. We create a detailed deliverable to support the results, including substantiation for the activities included as R&D.

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Claim Your Credit with Confidence

The Employee Retention Credit can offer significant financial relief. However, with a number of fraudulent and inaccurate claims, the IRS has increased the number of audits to scrutinize individual claims. 

Don’t risk facing penalties or delays — entrust your claim to the experienced tax professionals at Strategic Tax Planning. Here’s how we can help:

  • Detailed ERC Analysis: We will review your financial records to assess your eligibility using the latest guidance from the IRS.
  • Claim Optimization: We will ensure you receive every dollar you qualify for and maximize your benefit.
  • Organized Filing: We will consolidate the paperwork that explains your eligibility and assist with filing your claim.
  • Second Opinion Reviews: If you’ve already filed your claim, we can provide a comprehensive review that ensures its accuracy.
  • IRS Audit Support: We can prepare you for potential IRS audits, providing professional guidance throughout the process. 

The deadline for claiming the Employee Retention Credit for quarters in 2021 is April 15th, 2025. Don’t miss out on this valuable opportunity to strengthen the financial situation of your business.

Get in Touch with Our Financial Professionals

If you’d like to find out if your business is eligible, you can call us at (202) 455-6010 or fill out our contact form.

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FAQs

Unclear about our service? Dive into our FAQs for clarity and keep the questions coming.

When is the deadline to file a claim for the ERC?

Employers have until April 15, 2025, to file claims for the ERC for the calendar quarters in 2021.

Can I qualify for ERC if I own multiple businesses?

Yes, having multiple businesses does not prevent you from claiming the Employee Retention Credit. In fact, businesses that share common ownership is what the IRS calls a "controlled group of entities". To assess the eligibility of your controlled group of entities, speak to a professional to ensure each business claims the correct amount.

How do I determine whether my business is a large or small employer?

Per the CARES Act, whether a business is a large or small employer depends on whether the average number of full-time employees employed during the relevant year exceeds the applicable threshold.

View Insights From Our Team

Explore our curated list of downloadable PDFs and other resources for more information. 

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