- We provide free initial consultation to explore the tax credits eligibility.
- We work with some of the most successful businesses in the industry and start-ups
The Employee Retention Tax Credit was introduced as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) to support the businesses to retain the employees in the business. There is considerable uncertainty in the market over who qualifies, and eligibility, quantity, and availability of the credit rely on numerous variables.
Employee Retention Credit is a refundable tax credit against employment taxes equal to 50% of the qualified wages an eligible employer pays to employees after March 12, 2020 but before January 1, 2021 and 70% of the qualified wages an eligible employer pays to employees after December 31, 2020 but before January 1, 2022.
To establish your eligibility, claim credits (proactively or retroactively), and help with regulatory compliance relating to the combination of all aid programmes, we take a comprehensive look at your financial situation.
The committed team at Incencred, which includes Enrolled Agent and tax consultants, concentrates on completing ERC applications, negotiating forgiveness terms, and proving eligibility for federal relief programmes.
Working on eligibility checkups, industry checkups and business impact analysis.
We determine the eligibility for claiming employee retention tax credits and choose the best course of action to maximize the credits under gross receipts test and shutdown orders
We prepare ERC tax credits considering various complex parameters like constructive ownerships, payroll costs on PPP loan forgiveness etc., which are critical to compute accurate tax credits.
Preparing the amended payroll tax returns, accurately claiming the tax credits on these, which helps in avoiding the errors and thereby helps in timely processing of the refunds by the IRS
Handling ERC audits & notices by the IRS, tracking ERC refunds post tax credit claim submissions.
Our devoted ERC Tax Credit staff at Incencred has nationwide experience of handling ERC complexities and unique situations to solve your ERC issues.
The business was under full or partial suspension of the operation of their trade or business during any calendar quarter because of governmental orders
Experienced significant decline in gross receipts of atleast 50% in 2020 or 20% in 2021 on quarterly basis in comparison to 2019 quarterly gross receipts
Upto $50,000 in ERC credits for each Q3 2021 & Q4 2021 to leverage the startup businesses who began operations on or after 02/15/2020
A severely financially distressed employer is a business who has experienced a more than 90% decline in current quarter gross receipts compared to the same quarter in 2019.
Our extensive tax credit team is the finest in the industry. We cultivate smart ideas for start-ups and successful businesses in the industry. By adhering to the best practices, we provide next generation tax credit consultancy.
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At IncenCred, we unravel tax complexities with unmatched expertise. From challenging IRS disputes to international tax intricacies and comprehensive accounting, our proven track record establishes us as leaders in tax consulting. We’re your partners in clarity, strategy, and success.