COVID ERC

Are you having trouble finding new staff and keeping existing staff? Struggling to motivate staff to want to work and keeping up with rising salary expectations? Could you use more cash flow? The answer to at least one of these questions should be YES! And, the solution to their problem is Employee Retention Credit. ERC is designed to encourage businesses to keep employees on their payroll. The refundable tax credit is 50 percent of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.

To help businesses take advantage of this program, we screen each employee employers previously HAD in 2021, as well as the employees they currently HAVE in 2022, and can capture up to $26,000 per employee. For a 30 person company, that's almost a million bucks — money that can be used to offset a lot of hardship. ERC counteracts a lot of rising salary costs, and it can help save existing positions, buy new equipment, prepare for hybrid work environments, expand business, or simply help keep the lights on. Either way, ERC is a credit that every company should be taking advantage of.

Cost Segregation

Besides buying a winning lottery ticket, there is no quicker cash flow than cost segregation for any business that owns commercial property. And, even then, I think the lottery commission takes longer to payout. Cost segregation is a tax deferral strategy that allows companies and individuals who have constructed, purchased, expanded or remodeled any kind of real estate investment to increase cash flow by accelerating depreciation deductions and deferring federal and state income taxes. Commercial property owners can go up to TWENTY YEARS in the past, and FORTY YEARS into the future, pulling money into the time they need it most. RIGHT NOW! What would you do with an extra few hundred thousand dollars right now?

Property Tax Mitigation

With the mass reduction in office space in cities across the United States, companies are dramatically overpaying for their property taxes. And, since every dollar counts right now towards the survival of the average business owners, a 15 percent reduction in their property taxes is a welcome relief.

R&D Tax Credit

If you are in manufacturing, agriculture, start-ups, fabricators, IT developers, engineers — the list goes on and on — R&D tax credit has been around for decades, but it also makes sure you are capturing all of the new tax credits introduced during the pandemic. Right now, we can look for 2018, 2019, 2020, and 2021 payroll and get you a tax credit on all qualifying employees (even if they no longer work for you). In most cases, this is a physical check from the IRS!

Disaster ERC

If you have operations in qualified areas throughout the United States, you can receive up to $5,000 per employee during the disaster time period.

Like everything else we do, the answer is simple — use our software to find every available tax credit. We process the paperwork and help your CPA to obtain the credit.