Why don’t all Charter Schools
You don’t qualify just because the pandemic impacted your school. Your industry, state, and circumstances determine whether you qualify for this credit and how much.
You may not qualify for the entire $26,000 per employee, but you should still consider this incentive if you’ve faced any of the following impacts:
- Switched to virtual learning;
- Abided by social distancing mandates;
- Restrictions on the use of facilities; and
- Enrollment Limitations.
Schedule a free consultation with our team
of experts to learn more!
Schedule a free consultation with our team of experts to learn more!
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. The ERC is still the most powerful incentive available, but it must be appropriately documented and calculated.
Understanding the most common misunderstandings surrounding this credit is critical to ensure you are asking the right questions while choosing a provider.
To help you cut through the noise, we’re debunking the most common misunderstandings currently circulating in the ERC world. You should know that:
- Not every business qualifies for ERC
- You likely can't claim $26k for every employee
- Not every COVID impact qualifies a business
- Not every government guideline qualifies a business
- Claiming PPP affects how much ERC can be claimed
Success Stories from Our Clients
Private High School
Annual revenue:
$6.2 Million
No. of Employees:
220
TOTAL CREDITS EARNED:
$2,273,000
Parochial Charter School
Annual revenue:
$350,000
No. of Employees:
11
TOTAL CREDITS EARNED:
$85,600
Charter School
Annual revenue:
$1.6 Million
No. of Employees:
24
TOTAL CREDITS EARNED:
$83,000
1.
A risk-free, no-cost assessment
2.
Cataloging applicable mandates
3.
Documentation of more than nominal impact
4.
Calculation of credit and accounting for other relief and incentives claimed
We actively work with business owners in every industry to help them claim this lucrative tax break, but not every business qualifies and we have rejected 1/3 of the claims we’ve reviewed because they fall short of IRS standards. Our team includes industry experts and former IRS commissioners bring insights that allow us to better assess if you qualify for this credit.
Why Businesses Choose 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
to Avoid
tax benefit.
