WHAT IS THE EMPLOYEE RETENTION TAX CREDIT?
The Employee Retention Credit (ERC) is a refundable tax credit for businesses that continued to pay employees while shut down due to the COVID-19 pandemic or had significant declines in gross receipts from March 13, 2020 to Dec. 31, 2021.
We are here to assist you in maximizing your tax savings and ensuring your business benefits from the ERC program. Our team of experts has in-depth knowledge and experience in navigating the complexities of the ERC, enabling us to provide tailored solutions that meet your specific needs.
ERC Eligibility Analysis: We start by conducting a thorough analysis of your business to determine your eligibility for the ERC. Our experts will review your payroll records, financial statements, and other relevant documentation to identify qualifying factors and potential areas of improvement.
Compliance Assessment: Compliance with ERC regulations is crucial to avoid penalties and ensure your tax credits are accurate. Our team will conduct a comprehensive review of your existing practices to assess compliance with ERC guidelines. We will help you identify any gaps and provide recommendations for addressing them effectively.
ERC Calculation and Optimization: Calculating the ERC accurately is essential for maximizing your tax savings. Our consultants will leverage their extensive knowledge of ERC rules and regulations to calculate your tax credits efficiently. We will optimize your ERC by identifying all eligible wages and other qualifying expenses, ensuring you receive the maximum benefit.
Documentation Preparation: Proper documentation is vital to support your ERC claims. Our team will assist you in gathering and organizing the necessary documentation, such as payroll records, financial statements, and employee retention records. We will ensure that your documentation is comprehensive, accurate, and meets the requirements of the ERC program.
ERC Claim Filing and Support: We understand the complexities of filing ERC claims and will handle the entire process on your behalf. Our experts will prepare and submit your ERC claims, monitor their progress, and respond to any inquiries from tax authorities. We will provide ongoing support throughout the process, keeping you informed about the status of your claim.
Why Choose AXIS ALL – ERC?
Expertise: Our team consists of ERC specialists with in-depth knowledge and experience in the ERC program. We stay up to date with the latest regulations and guidelines, ensuring accurate and compliant services.
Customized Solutions: We recognize that every business is unique. Our consultants will work closely with you to understand your specific needs and develop tailored solutions that align with your goals and objectives.
Dedication to Excellence: We are committed to delivering exceptional service to our clients. Our consultants are dedicated to providing accurate, timely, and reliable support, ensuring your satisfaction throughout the engagement.
Cost-Effective: Our services are designed to offer excellent value for your investment. By optimizing your ERC and maximizing your tax savings, we help you achieve a strong return on your consulting expenditure.