Maximize Your Employee Retention Tax Credit (ERTC)
The ERTC is a payroll tax refund.
Strike continues assisting companies with ERTC claims during moratorium.
Effective September 14, 2023, the IRS has declared a temporary halt on any new claims for ERTC. We understand the significance of adapting to these changes effectively and our team is committed to assisting your business with ongoing ERTC claims.
Connect with us to see how we can help.
Our ERC studies are staffed by credentialed tax professionals recognized as reputable by the IRS.
Work with IRS-certified specialists to navigate the intricate landscape of Employee Retention Credits (ERC) to ensure you receive the maximum benefits available.
A business must satisfy only one of the following either/or conditions below in order to claim the credit:
Is My Business Eligible for the ERTC?
- Were incorporated after 2/15/2020;
- Do not have annual gross receipts of over $1M; and
- Are not eligible for the ERTC under the partial or full suspension or drop in revenue.
Don't just take our word for it, hear what others have to say.
It was a straightforward process with you and your team and the turnaround time was excellent. We appreciate that tremendously.
After we engaged Strike, their team went to work right away to gather detailed information and conducted interviews in a comprehensive evaluation of the qualifying R&D activities. We are very pleased with their professionalism and timely delivery of a quality R&D tax credit study report.
Strike did an excellent job identifying, documenting, and capturing the R&D tax credits for us. I sincerely appreciate the level of effort, professionalism, and client service the Strike team provided throughout this project.
From day one through completion of the project, we felt as if we had the best in the business overseeing our project and they made us feel as if we were always their top priority. With 3 years of past R&D tax credits captured, we will continue using Strike for all future R&D tax credit management.
Optics ERTC Case Study
Have more Questions?
Make sure you work closely with your tax advisor as there have been several iterations of the ERTC since its introduction.
Frequent Asked Questions about the ERTC
Financial service companies may be unaware that their clients qualify for the ERTC, or they may not want to wade into what seems like a complicated new tax credit. Repeated changes to the ERTC program have added additional barriers to claim the credit. Additionally, instead of trying to adapt to the changing ERTC rules, many CPAs and payroll companies have chosen to outsource ERTC claims for their clients. As a specialty tax company, we love claiming credits like the ERTC for our clients.
Even though the ERTC officially ended on September 30, 2021 with the signing of the Infrastructure Bill, the Bill also allowed business owners the ability to retroactively claim the credit up to five years from when they filed their original return (extended from the previous 3-year statute of limitations).
The IRS clarified in Notice 2021-49 that business owners with a majority stake (51%) in a business cannot claim their wages when they apply for the tax credit. Attribution rules, which outline the legal principal owners of a business, must also be applied to determine if family members’ wages can be qualified wages too.
If a business owner qualifies for the ERTC in 2020 or 2021 but hasn't applied yet, the only way to apply for the ERTC right now is to file an amended Form 941-X. With up to $26,000 per employee available, filing an amended return makes financial sense.