Earn Money by Assisting Businesses with ERC Applications

What is ERC?

ERC is a stimulus program designed to help those businesses that were able to retain their employees during the Covid-19 pandemic. Established by the CARES Act, it is a refundable tax credit - a grant, not a loan - that you cann claim for your business. The ERC is available to both small and mid-sized businesses. It is based on qualified wages and healthcare paid to employees.

The ERC program included in the CARES Act of May 2020 that stated an employer had to choose between the Paycheck Protection Program (PPP) and ERC. The 2021 legislation expanded, extended and enlarged the ERC program allowing eligible employers to benefit from both PPP and ERC.

Many business owners do not realize that they are now eligible for the ERC even if they previously received PPP funds.

This is where you come in and help those businesses apply for an ERC credit.

👉 Learn more about helping businesses apply for the ERC credit

Knowledge is Key: Educate yourself about the ERC program thoroughly. Understand its eligibility criteria, application procedures, and potential benefits for businesses. Being well-versed in these areas will make you an invaluable resource for businesses seeking assistance.

To qualify for the Employee Retention Credit, as client needs to have W2 employees who have received wages during the qualifying tax periods. The ERC qualified wages do not include majority owner (50% or more ownership) wages or wages paid to relatives of a majority owner. In the case spouses are 50% owners each, neither of their wages or that of their families wages are eligible for the ERC as the IRS looks at spouses as one.

Be a Trusted Advisor: As an ERC expert, you can position yourself as a trusted advisor to businesses in need. Explain the benefits of the program clearly and emphasize the financial relief it can bring to their bottom line.

Identify Eligible Businesses: Reach out to small and medium-sized businesses that may qualify for the ERC but haven't taken advantage of it yet. Many companies are unaware of this tax credit, and your role is to inform them and help them seize this opportunity.

Streamline the Application Process: The application process can be daunting for businesses. Offer your services to simplify the process for them, ensuring that all necessary documentation and information are properly gathered and submitted.

Offer Tailored Solutions: Every business is unique, and their eligibility for the ERC may vary. Customize your assistance to cater to the specific needs of each business, making the application process smoother and more efficient.

Network and Collaborate: Connect with tax professionals, accountants, and business consultants in your community. Partnering with them can expand your reach and provide you with more opportunities to help businesses access the ERC.

Stay Updated: The tax landscape is constantly changing, and the ERC program might undergo updates. Stay informed about any changes or modifications to the program so you can provide the most up-to-date information to your clients.

Be Transparent: Clearly communicate your fees and charges for your services upfront. Honesty and transparency build trust, ensuring that your clients have confidence in your expertise and dedication to their success.

Showcase Success Stories: Share success stories of businesses that have benefited from the ERC with your assistance. Positive testimonials and case studies can be powerful marketing tools, attracting more clients to seek your help.

Emphasize Long-Term Benefits: Remember, the ERC is just the beginning of a long-term relationship with your clients. By helping them access the credit, you can establish yourself as a valuable asset for their future financial needs.

👉 Learn more about helping businesses apply for the ERC credit