ERTC is great but are you getting it properly, and legally? Here is what my clients are telling me they are hearing from those trying to convince YOU that you qualify. Know this, you are responsible for all this!
JJ the CPA is a practicing, licensed CPA with over 30 years of tax experience, still working with clients taxes everyday!
ERTC SEMINAR BY JJ THE CPA (A TO Z ON HOW TO GET THE ERC)
How to Prepare Form 941-X
[ Ссылка ]
IRS NOTICE 2021-20
[ Ссылка ]
IRS NOTICE 2021-49
[ Ссылка ]
*FULL LIST OF THE 18 ERC MYTH'S WITH CITATIONS AND LINKS AS MENTIONED IN VIDEO
[ Ссылка ]
****ALL IRS NOTICES RELATED TO ERTC AND FREE ERTC MATERIALS & ALL IRS LINKS
[ Ссылка ]
ERTC ARTICLE WRITTEN BY JJ THE CPA
[ Ссылка ]
MORE FREE ERTC VIDEOS [JJ's ERTC YouTube Playlist]
[ Ссылка ]
LINK TO FREE ERC EXECUTIVE SUMMARY [CLICK ON "EXECUTIVE SUMMARY"]
[ Ссылка ]
IRS ISSUES WARNING OF ERC PROMOTERS
[ Ссылка ]
It is actually easy to get the ERTC Tax Credit 2021 and 2020. ERC Tax Credit 2020. $26,000 PER EMPLOYEE Combined. Did you pay employees W-2 wages between March 13, 2020 and September 30, 2021? Are any quarterly gross receipts down 20% in 2021 compared to 2019, or 50% 2020 to 2019? Then you qualify for ERTC (IRS ERC). The Employee Retention Credit under the CARES Act provides a refundable tax credit is 70% of up to $10,000 in wages PER employee, PER quarters 1, 2 and 3 in 2021 [50% in 2022]. THIS ERC IS A CHECK FROM THE IRS TO YOUR BUSINESS!
The Employee Retention Credit is a refundable tax credit against certain employment taxes equal to 50% of the qualified wages an eligible employer pays to employees after March 12, 2020, and before January 1, 2021; 70% after 12/31/20 through September 30, 2021 (Exception: Recovery Start Up Business gets through 12/31/21)
The Employee Retention Credit is a fully refundable tax credit for employers equal to 50 percent of qualified wages (including allocable qualified health plan expenses) that Eligible Employers pay their employees in 2020; 70 percent in 2021. This Employee Retention Credit applies to qualified wages paid after March 12, 2020, and before October 1, 2021 (exception to the Recover Start Up Business which gets until December 31, 2021). For 2020, the maximum amount of qualified wages taken into account with respect to each employee for all calendar quarters is $10,000, so that the maximum credit for an Eligible Employer for qualified wages paid to any employee is $5,000. For 2021, the maximum amount of qualified wages taken into account with respect to each employee for EACH of the first three calendar quarters is $10,000, so that the maximum credit for an Eligible Employer for qualified wages paid to any employee is $7,000 per the first 3 quarters.
The Employee Retention Credit under the CARES Act encourages businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been impacted [70% in 2021]. The Employee Retention Credit is a refundable tax credit against certain employment taxes equal to 50% of the qualified wages an eligible employer pays to employees after 3/12/20, and before 1/1/21; 70% after 12/31/20 through September 30, 2021. The Employee Retention Credit is a fully refundable tax credit for employers equal to 50 percent of qualified wages that Eligible Employers pay their employees in 2020; 70 percent in 2021. ERC applies to qualified wages paid after March 12, 2020, and before October 1, 2021. For 2020, the max amount of qualified wages taken into account with respect to each employee for all calendar quarters is $10,000, so that the maximum credit for an Eligible Employer for qualified wages paid to any employee is $5,000. For 2021, the maximum amount of qualified wages taken into account with respect to each employee for EACH of the first three calendar quarters is $10,000, so that the maximum credit for an Eligible Employer for qualified wages paid to any employee is $7,000 per the first 3 quarters.
COMMENTS ARE NOT REVIEWED. PLEASE DO NOT EXPECT AN ANSWER TO YOUR QUESTIONS.
PLEASE REVIEW FULL DISCLAIMER
[ Ссылка ]
I AM A CPA, BUT I AM NOT YOUR CPA. YOU MUST CONSULT WITH YOUR OWN TAX, FINANCIAL & LEGAL ADVISER. ANY INFORMATION ON THIS CHANNEL IS INTENDED FOR INFORMATIONAL PURPOSES AND FOR GENERAL GUIDANCE ONLY AND MUST NEVER BE CONSIDERED A SUBSTITUTE FOR ADVICE PROVIDED BY YOUR ADVISERS. THIS CHANNEL DOES NO CONSTITUTE ADVICE
#jjthecpa #ERTC #ERC #ERTCCREDIT2021 #PAYROLLPROCESSING #PAYROLL #STIMULUS #SMALLBUSINESS
