How Can Tax Attorneys Help Optimize ERTC Claims for Startups?

January 31, 2024
Dayes Law Firm

Since the first deadline for claims for the Employee Retention Tax Credit, also known as the ERTC or ERC, is approaching very soon, if you haven’t yet claimed it, you might be seeking ways to do so quickly and effectively. As a business owner, your best bet might be turning to a tax attorney for assistance with the ERTC, as they can help you optimize your claim. 

Startup business owners with a lot going on and fewer resources than larger, older companies, could particularly benefit from working with a tax professional. 

How Tax Attorneys Help Optimize ERTC Claims for Startups

For all quarters in 2020, the deadline to apply for the Employee Retention Tax Credit is April 15, 2024, and for all quarters in 2021, the deadline is April 15, 2025. Business owners who haven’t turned in an application for the ERTC only have a handful of months left to do so if they want to claim it for wages from 2020.

Thankfully, a tax attorney can help you complete your claim and ensure you turn in the strongest possible application for the ERTC. Startup employers may be feeling the time crunch in particular, since they don’t have as many staff members or financial resources to help with getting the claim done, and may want to consider working with a trusted tax attorney to optimize an ERTC claim. 

Tax attorneys have valuable wisdom regarding tax credit programs like the ERTC and the experience and knowledge to assist you with an optimized claim. They can work with employers depending on the specific needs of a business and may have special insight into how to turn in a strong claim for a startup with particular demands. 

A tax attorney can assess your eligibility for the Employee Retention Tax Credit and help you determine the maximum amount of credit you might be able to claim through the program. They can look over your records and help you collect the exact documentation you need for the ERTC. These are all things that the leader of a startup with limited resources might have more trouble determining on their own.

Possibly most importantly, a tax professional can help you avoid potential problems with the IRS and offer assistance if you end up dealing with an IRS ERTC audit. It’s hard for any business to bounce back from a problem like an audit, but a startup would have an especially tough time recovering from such a complication, and a tax attorney can help you avoid that possibility entirely or at least help you if you end up wrestling with increased IRS scrutiny. 

Working With Dayes Law Firm 

The team at Dayes Law Firm can work with you to optimize your ERTC claim for your startup or other business. If you would like assistance in applying for the credit to make sure all of your information is as accurate as possible and that you turn in the strongest attainable claim with the best chance for a good ERTC refund, we can help. 

Our firm and our partners have helped many other businesses in filing for more than $250 million in ERTC refunds so far, and we are available to help you before the April 2024 deadline, too. We offer a free, no-obligation consultation to discuss any questions or concerns you may have about the Employee Retention Tax Credit as well. 
Please contact us by giving us a call at (800) 503-2000 to learn more today!