Does Your Organization Qualify for the ERC?

If your organization was able to retain your W2 employees during the COVID pandemic, you may be eligible to recover payroll in the form of a refund from the IRS for 2020 and 2021.

 

Employee Retention Credit

What is it?

The ERC allows eligible entities to recover a portion of their payroll expenses from the IRS –  up to $26,000 per employee. The ERC is an opportunity to recoup financial resources that could be invested back into your ministry’s mission.

The process of reviewing, amending, and filing quarterly IRS Form 941s for both 2020 and 2021 is complex and requires accurate calculations for each employee.

Do You Qualify?

The effort to review, amend, and file your IRS Form 941Xs for those two years is complex.  The law changed six times. It requires calculations per employee per quarter. For churches: clergy payroll has specific conditions to be considered.

The IRS strongly recommends working with a tax professional to resolve this - not everyone who can do it will keep your purpose in mind.

How to Get Help
  1. Simply provide us with your 2020 and 2021 IRS Form 941s that were filed, along with your corresponding quarterly payroll registers for each of those eight fiscal quarters.
  2. We will review and determine if your organization qualifies for the Employee Retention Credit (ERC), then let you know the amount you are qualified to receive.

There is no obligation. You will not be asked to pay anything if you do not qualify and if you decide not to work with us to file for your refund, you will not be charged.

Choosing a Provider

The fee for doing this work should be a fixed fee -- not a percentage of what would be recovered.

If a potential provider describes their fee as a percentage of recovered payroll, then the provider is not a CPA. The AICPA forbids working on a percentage basis.

The IRS recommends using a trusted tax professional.

 

Webinar