ERC GO is a division of Frandsen Accounting

ABOUT ERC

What is the Employee Retention Credit (ERC) program?

During the COVID-19 pandemic, many businesses continued to pay their employees despite experiencing revenue reductions, government mandated shutdowns, and supply chain disruptions. To help them recover from these difficulties, the government created a refundable tax credit—the ERC—with no limitations on how the money can be spent.

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Like the PPP . . . but better!

To help keep the economy moving forward during these hard times, the US government created several programs, including the PPP and the ERC.

While many businesses are already aware of the PPP, the ERC program has been underutilized. It's a shame because the ERC program doesn't restrict how you can spend your money, and you never have to worry about forgiveness or paying it back. And since it's funded by overpaid payroll taxes, you never have to worry about the money running out early.

Details of the ERC program include:

  • It is a COVID recovery program for US businesses
  • Operates as a refundable tax credit, not a loan
  • Available for Q2, Q3, & Q4 of 2020
  • Available for Q1, Q2, & Q3 of 2021
  • Provides up to $26,000 per W-2 employee
  • No limit on funding
  • No restrictions on how it's spent

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Is your business eligible?

The IRS has released specific guidelines to help you determine if your business qualifies to receive employee retention credits:

  • A 50% decline in gross receipts in 2020 or a 20% decline in 2020 when compared to the same 2019 quarter(s)

  • Full or partial suspension of your business operations caused by government orders or mandates

  • Supply chain issues caused by a government mandated shutdown of your supplier(s)

While you only need to meet one of these requirements per quarter, it is your responsibility to honestly determine for yourself if your business qualifies. Here at ERC GO, we do not qualify any business for the ERC program.

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What People Are Saying:

"My agent kept it real and made me feel secure through the entire process! He got back to me immediately every time :-) I recommend this company when handling the ERC application 100%”

Ally M.

"I want to thank Ivan for being so patient in guiding me through the process. He was always available for questions and pleasant to talk with. Thank you again for a great experience”

Gail T.

"The process of something complicated was made so easy. The staff was responsive and walked with us every step of the way.”

Local Ministry

"Ms. Sloan was very professional. She did a great job assisting me in preparing the information which was required for filing. I am looking forward to receiving this refund.”

Sue H.

"They were super helpful and made it easy to apply. I highly recommend their service, well worth their fee.”

Hannah K.

"ERC Go helped me get the maximum amount possible for ERC. Sam was very helpful, and answered all my questions. Thank you ERC GO!”

Kian K.

"Very efficient and legit. Just waiting for the check to come in the mail.”

Austin B.

"Porter and his team were exceptional to work with. They made the entire process a breeze.”

Rick B.

"Matt was very helpfull and made it easy to apply to get my tax credit. Thank you!!!”

Will M.

Learn from us!

The ERC program can be a little bit complicated. But we've broken things down so it's easier for you to understand.

What is the Employee Retention Credit, and how does it work?

What are the differences between the PPP loan and ERC refund?

How do I qualify for Employee Retention Credits?

What documents are needed to qualify for Employee Retention Credits?

3 reasons why your CPA may not be the best resource for ERC
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How to claim your credits

When it comes to filing an ERC claim, there isn't just one way to do it. In fact, you have three different options.

Option 1

Hire ERC GO

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Here's the thing: we're payroll experts, and we know how to calculate Employee Retention Credits. There's a lot of rules that govern these calculations, and you don't want to mess them up and leave money on the table.

Pros
  • Credit is up to 20% higher✝ on average
  • Extensive ERC program knowledge
  • Upfront fees or payments are not required
  • Free preliminary analysis
  • Industry-competitive pricing for services
Cons
  • A small service fee (but people say the faster, easier filing is totally worth it!)
  • We only deal with 941-X forms, and do not amend income tax returns (speak with your tax preparer or CPA to amend your returns)

✝This number is based on client averages and does not a guarantee any specific credit amount.

Option 2

Talk to your CPA

Most businesses already have a CPA. They are also able to help you file for the ERC program. But there are some things you need to consider before asking them for their help with your ERC claim.

Pros
  • Can help determine if you qualify for the program
  • Are already familiar with your business's finances
  • Will usually maintain tax-related documents
  • Can also amend your income tax returns to reflect the credits
Cons
  • Do not specialize in the ERC program
  • Are not payroll tax specialists
  • Rates are often more expensive
  • Unfamiliar with recent program changes
  • Usually calculate a smaller refund
  • No free preliminary analysis
Option 3

Do it yourself

If you don't want to pay anyone else to do it, you can always calculate and file for your ERC return(s) yourself. While there are definitely some pros to this method, it might not be the best idea.

Pros
  • 100% free to file with the IRS
  • No service fee since you're the one doing it
  • No need to worry about fraud or ERC scams
  • Can be completed at your own pace
Cons
  • Higher potential for mistakes leading to an audit
  • Risk of under or over claiming your ERC refund
  • Greater likelihood of IRS penalties
  • The cost of your time to calculate and file your claim
  • Over 200+ pages of tax code to interpret correctly
  • Lack of ERC program knowledge
  • No expert guidance or assistance

Still have questions?

We've launched our knowledge base with even more answers to your questions about the ERC program.

Visit Our Knowledge Base