About the ERC Credit – A business can get up to $26,000 per employee. The average Jorns and Associates gets for their clients is around $21,000 per employee. Of course the amount is going to vary with each client based on a number of factors like did they get PPP and various others. This short video on the webpage below explains the whole ERC program.
https://www.jornscpa.com/snap/?refid=10988530
Oh by the way if you run into someone who says I’m going to let my accountant or another
“cheaper” firm handle it.
Questions you need to ask or find out:
1. How much money per employee do you average in credits for your clients? I saw one recently only getting around $5000 per employee. Jorns and Associates averages $21,000 per employee.
2. How much experience do they have with ERC and do they have enough of an experienced staff with ERC to do all of the necessary legwork? Jorns and Associates has a staff of over 200 professionals.
3. Do they have proprietary S/W like Jorns and Associates to search through all of the over 12,000 edicts and Govt regulations that may either effect them or someone they do business with in a more than nominal portion of their business ? (Qualify them under the partial Shutdown). this typically will greatly increase the refund back to the client.
4. Because you can’t double dip and use the same wages for ERC as used with PPP loans that were forgiven (most were) most accountants won’t touch the period of wages used in qualifying for the PPP.
For example perhaps they used May 1st 2020 – October 31st 2020 as wage dates for the PPP. What the typical accountant will do is take wage data of employees before May 1st and after October 31st to avoid any double dipping (which is not permitted)
of the employee wages used for the forgiven PPP loan and ERC.
Jorns and Asociates through their proprietary Software is able to also use employees wages between May 1st 2020 – October 31st 2020 in this case without double dipping thus increasing refundable credits often by 20% or even more.
5. Right now Congress is considering the ERC reinstatement act. If it passes Jorns will automatically file that 4th Quarter 2021 which by itself is worth $7000 per employee for the Quarter. Will your accountant or other preparer do this?
6. Does the accountant have the resources to prepare in many cases many hundreds of pages of justification (which is required) to back up the filing like Jorns and Associates?
7. Does the accountant provide complete audit support at no charge for 5 years like Jorns and Associates?
8. Does the accountant provide $1 million dollars E & O Insurance per client like Jorns and Associates?
9. Does your client have a 99% success rate of clients getting money back once they file with the IRS like Jorns and Associates?
10. Is the preparation of the ERC Filing overseen by CPA’s, Tax Attorneys, and ex-IRS Accountants to assume proper filing like Jorns and Associates?
11. Is all work preformed in house or is a portion farmed out to a 3rd party such that you can lose quality control of the filing? Also in this case you very likely would be without support in case of an audit. Jorns and Associates does all work in house to assure the quality of the filing.
This short video on the webpage below explains the whole ERC program.
https://www.jornscpa.com/snap/?refid=10988530
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Note: There are no guarantees of specific income with Snap Delivered – your income will largely be based on your efforts.