Can a Tax Attorney Simplify the ERTC Process for Businesses?

January 9, 2024
Dayes Law Firm

As a business owner, you’ve probably heard of the Employee Retention Tax Credit (ERTC/ERC) by now. But you may have also heard that the IRS has increased scrutiny when it comes to looking over ERTC applications and might be worried not just about the complexity of the process, but also about ending up in an audit with the federal agency.

The good news is, a tax attorney can help you with your ERTC application, and it might be your best bet to turn to a tax professional if you’re a small business owner who already has a lot going on. The IRS recommends working with a trusted tax professional to turn in an eligible, accurate ERTC claim. 

How a Tax Attorney Can Help Simplify the ERTC Process

Employers that experienced either a full or partial suspension of operations for their business during certain tax quarters in 2020 and 2021 due to government orders as a result of the COVID-19 pandemic, or businesses that experienced a significant drop in gross receipts compared to 2019, may be qualified to apply for the ERTC

But there’s limited time left to make a claim – for all quarters in 2020, the deadline to apply for the ERTC is April 15, 2024. For all quarters in 2021, the deadline is April 15, 2025. That means if you want to claim the ERTC for 2020 wages, you’ve got just a few months left to do so.

Can a tax attorney help with this process? Absolutely. In fact, IRS Commissioner Danny Werfel said in September regarding an “immediate moratorium” on processing new ERTC claims that, “Businesses should seek out a trusted tax professional who actually understands the complex ERC rules,” when it comes to claiming this important tax credit and being sure you’re truly eligible to make the claim. 

A tax attorney can help you claim the Employee Retention Tax Credit and simplify the process if you’re a small business owner with too much on your plate already. Tax professionals can evaluate your potential claim and make sure every piece of documentation sent to the IRS is correct so you can avoid issues later. 

Tax attorneys can estimate the refund amount due to your business to help you plan for how it might help your operations. They can also verify information in your application with the resources and team they already have available as part of the work they do every day.

Basically, a tax professional can handle every step of the ERTC claims process and remove a lot of the work and worry involved for you. They’ll still need basic information and details on your business but can deal with the complexities of claiming the credit on your behalf. That leaves you with more time to do what you do best – run your small business.  

How Dayes Law Firm Can Help

At Dayes Law Firm, our team and our partner firms have already helped hundreds of business owners file for the Employee Retention Tax Credit. Those filings represent more than $100 million in tax credits, and we aren’t stopping now.

We’d love to work with you to determine how we can best assist you and your business with the ERTC. Please feel free to contact our firm to discuss your potential case and the needs of your business. We can offer you an initial evaluation at no cost to you and you can decide if we are the right choice to help you simplify claiming the ERTC. 

Give us a call today to learn more – we hope to hear from you soon!