Questions to Ask Your ERC Provider
Reginald Wiley
Specialized Tax Incentives Professional | Tax incentives ERC, WOTC, R&D & Cost Segregation
With all this concern about ERC scams, you must properly vet your ERC provider before doing business with them. Before agreeing to anything, ask the tax credit specialist the following questions to ensure their service is honest and accountable.?
1. How long have you been in business??
Many ERC providers have started up in the last two years, and these are typically the companies susceptible to ERC abuse. They don’t have the experience to make good judgments on ERC qualifications, and they likely don’t have the manpower to delve deeply into your business’s operations. The worst providers don’t really care if you truly qualify, because they will close up shop once the ERC expires.?
2. Do you provide other tax credits or only the ERC??
The ERC has made money available to businesses via tax refunds. Looking to get their piece of the take, a large number of ERC-only companies have popped up. These “ERC mills” rush to process as many ERCs as they can without conducting due diligence on their clients.?
3. What percentage of your clients do not qualify for the ERC??
领英推荐
If a tax credit provider qualifies nearly 100% of their clients, they run an abusive practice. Not all companies qualify for the ERC, and if your company doesn’t qualify, it doesn’t qualify, it’s really that simple. If a provider is willing to bend the rules to make you qualify, they practice ERC fraud.?
4. Do you provide supporting ERC documentation?
?All legitimate tax credit companies provide defensible documents you can utilize in an audit. If your ERC specialist does not provide these documents, they are not checking the clients’ ERC qualifications at all. If they can’t “show their work” proving your company qualifies, how can you prove it to the IRS??
If you want to work with tax credit specialists that was qualifying businesses for ERC when it was not “trendy,” our team is here to provide you the professional and accurate service you deserve.?
You can check your eligibility here:?https://lnkd.in/g5fF_A5A