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ERC tax controversy

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.

alliantNational is ready to help defend your business and claim!

Breaking:

Congress agrees to sunset ERC after January, 31

A tentative bipartisan agreement to end the Employee Retention Credit early has been reached. With the incentive set to expire sooner than expected, businesses shouldn’t miss the only opportunity to claim up to six figures in refunds.

If you’ve experienced any of these disruptions, you need to speak with one of our experts today:

  • Full or partial government-mandated shutdowns;
  • Capacity limitations;
  • Supply chain issues;
  • Decrease in working hours to sanitize facilities;
  • Shift in hours of operation; or
  • Decrease in revenue.

The ERC claims processing will resume soon and for eligible businesses this could mean a potential six-figure addition to their bottom line.

However, be aware that the credit sunsets within weeks, and you could lose hundreds of thousands of dollars by delaying the assessment.

Leverage this benefit at the earliest, if your businesses faced any of the following disruptions:

  • Full or partial government-mandated shutdowns;
  • Capacity limitations;
  • Supply chain issues;
  • Decrease in working hours to sanitize facilities;
  • Shift in hours of operation; or
  • Decrease in revenue.

Breaking:

Congress agrees to sunset ERC after January, 31

A tentative bipartisan agreement to end the Employee Retention Credit early has been reached. With the incentive set to expire sooner than expected, businesses shouldn’t miss the only opportunity to claim up to six figures in refunds.

If you’ve experienced any of these disruptions, you need to speak with one of our experts today:

  • Full or partial government-mandated shutdowns;
  • Capacity limitations;
  • Supply chain issues;
  • Decrease in working hours to sanitize facilities;
  • Shift in hours of operation; or
  • Decrease in revenue.

The ERC claims processing will resume soon and for eligible businesses this could mean a potential six-figure addition to their bottom line.

However, be aware that the credit sunsets within weeks, and you could lose hundreds of thousands of dollars by delaying the assessment.

Leverage this benefit at the earliest, if your businesses faced any of the following disruptions:

  • Full or partial government-mandated shutdowns;
  • Capacity limitations;
  • Supply chain issues;
  • Decrease in working hours to sanitize facilities;
  • Shift in hours of operation; or
  • Decrease in revenue.
We’ll discuss your eligibility and help estimate your potential tax benefit.

DOWNLOADABLE RESOURCE

The Fate of ERC

ERC | The Fate of ERC

Contact us to receive more information about the Employee Retention Credit

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This field is for validation purposes and should be left unchanged.
By clicking Submit, I agree to the use of my personal data in accordance with alliantgroup Privacy Policy. alliantgroup will not sell, trade, lease, or rent your personal data to third parties.

What is the Employee Retention Credit?

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 from fly-by-night providers. This has prompted the IRS to temporarily pause processing new claims and add better safeguards to protect businesses and prevent future abuse.

The ERC is the most powerful incentive available, and businesses can still file their claims. However, they should consult a trusted provider to ensure their claim is verified and well-documented.

6 ERC Myths

Many American businesses have been slow to evaluate and quick to disqualify themselves for the ERC. Companies can receive substantial refunds for taxes already paid by claiming this incentive, even if their business:

  • Claimed PPP

  • Had no reduction in revenue

  • Never shut down

  • Grew during the pandemic

  • Was an essential business

  • Faced losses or didn't have tax liability

Success Stories from Our Clients

Restaurant
No. of Employees:

317

Annual Revenue:

$74 Million

TOTAL CREDITS EARNED:

$1 Million

Fitness Facility
No. of Employees:

58

Annual Revenue:

$1.3 Million

TOTAL CREDITS EARNED:

$237,000

Manufacturing Firm
No. of Employees:

46

Annual Revenue:

$17 Million

TOTAL CREDITS EARNED:

$217,000

Why alliantgroup?

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.

800+ Industry Experts

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.

Four Former IRS and Division Commissioners

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.

Former Legislators

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.

By

Dean Zerbe

Former Senior Counsel to the U.S. Senate Finance Committee

DOWNLOADABLE RESOURCE

Top 5 ERC Mistakes to Avoid

ERC | Top 5 ERC Mistakes to Avoid | Forbes Article

Contact us to receive more information about the Employee Retention Credit

By clicking Submit, I agree to the use of my personal data in accordance with alliantgroup Privacy Policy. alliantgroup will not sell, trade, lease, or rent your personal data to third parties.

This field is for validation purposes and should be left unchanged.
By clicking Submit, I agree to the use of my personal data in accordance with alliantgroup Privacy Policy. alliantgroup will not sell, trade, lease, or rent your personal data to third parties.

Why Businesses Choose alliantgroup

Ready to get started?

Schedule a free consultation with our team of experts to learn more.
We’ll discuss your eligibility and help estimate your potential tax benefit.

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