IRS shares 5 warning signs that Employee Retention claims may be incorrect. As stated in IR-2024-78, the IRS is currently in the process of reviewing $3 billion in claims and plans to ramp up the sending of disallowance letters and audit notices in the coming months.
Your business can receive cash refunds through the Employee Retention Credit if you faced any of the following disruptions:
Your business can receive cash refunds through the Employee Retention Credit if you faced any of the following disruptions:
The Employee Retention Tax Credit (ERC) is a refundable tax credit designed to reward business owners for retaining employees throughout the COVID-19 pandemic. Unfortunately, many business owners are receiving bad advice on how they qualify. The ERC is still the most powerful incentive available but it must be appropriately documented and calculated. It is critical to understand the most common misunderstandings surrounding this credit.
To help you cut through the noise, we’re debunking the most common misunderstandings currently circulating in the ERC world. You should know that:
We actively work with business owners in every industry to help them claim this lucrative tax break. Our team includes industry experts and former IRS commissioners bring insights that allow us to better assess if you qualify for this credit.
We are the leading experts in tax credits and incentives. Since 2002, we have helped US businesses grow their operations and stay ahead of the competition. To date, we have delivered billions in refunds to over 27,000 businesses.
Our professionals know your business inside and out and know what qualifies to ensure the most lucrative refund. No other firm offers professionals versed in your industry.
Our former commissioners are the preeminent experts on IRS policy and ensure our practices and procedures align with the service’s expectations. No other firm offers this level
of oversight.
Our former policymakers understand the intent of tax law and why they apply to your business. As part of our team, they advocate for our clients and help them take advantage of federal funds. No other firm understands tax law to this extent.
“Once we engaged with alliantgroup, we knew we made the right decision. The team took the time to learn about our business and provided valuable insights that helped us claim refunds from the Employee Retention Credit. We were able to focus on our business while they took care of the rest. I would recommend alliantgroup to any business looking to improve their bottom line.”
Contact us to receive more information about the Employee Retention Credit
Schedule a free consultation with our team of experts.
We’ll discuss your eligibility and help estimate your potential
tax benefit.
