| Hi Esther,
I hope this email finds you well, and I will be to the point.
As a CPA, I am seeing A LOT of bogus marketing regarding the ERC Program. As you may or may not know, the Employee Retention Tax Credit (ERTC) Program, per the IRS definition, was pass by Congress as part of the Cares Act.
For companies who retained 500 or less W2 employees in the years of 2020 and/or 2021, this tax credit is issued in the form of a check, from the IRS to your company, up to $26k per employee.
This IS NOT a loan. This is a tax incentive just like other tax incentives for business owners.
Now, I have seen companies charging high rates (20% plus) to prepare and file a company's amended 941's.
That is not only a ridiculous rate, but a sign of who is preparing your 941's.
CPA's ARE NOT permitted to prepare works on a contingency basis.
Yet , companies CLAIMING to help you do exactly this, which means there is NO CPA behind the preparation.
So who is preparing?
Some self-proclaimed expert?
Long story short, these are nothing but marketing companies with sales reps who are looking to make a quick buck and run. They could care less about the client. They offer no protection on filing while charging enormous rates on YOUR money. And be careful for those who tell you why audit protection is not needed...
As a CPA of 25+ years, I work with clients direct in determining if they qualify. If they do, and we agree to work together, fees normally total on an average 0f 14% and are value based; to include rapid filing and audit protection.
To learn more about is, and see if you qualify, visit www.erc-facts.org today. My office will contact you to schedule a consultation if interested in speaking.
And if you know somebody who this may apply to, please feel free to share.
Sincerely, Sajeev Narayanan CPA, ACA Heritage Consulting (602) 644-1733
P.S.- If you have been told you do not qualify, please let me know. Many companies were told this when they did qualify, or they now do qualify, because of the program changes.
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