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Exploring Employers’ Options For The ERTC/ERC

To encourage employers to retain their employees, the federal government offers a refundable tax credit called the Employee Retention Tax Credit (ERTC/ERC). It grants eligible businesses a quarterly credit of up to $28,000 in each employee’s wages.

At Goldburd McCone LLP, we work with employers across all industries to manage issues relating to tax credit eligibility, compliance and determination of right for a credit. For nearly 40 years, our New York-based attorneys have provided outstanding representation in all areas of tax law, earning our reputation as leaders in the field. We will also assist you if you face an audit from the IRS regarding the ERTC/ERC.

Well-Versed In ERTC/ERC Eligibility, Compliance And Audits

Not every enterprise may claim the ERTC/ERC. To qualify, your business must meet the following criteria:

  • Have no more than 500 employees
  • Kept employees on your payroll
  • Closed partially due to a government order, OR
  • Business revenue declined by at least 20%

If your company is eligible, we can sit down with you to discuss following the proper procedure to ensure that you receive the best tax incentives possible. If your company has already claimed the ERTC/ERC, we will ensure that you remain in compliance with the law. We can also help you explore the necessary steps to render your company eligible for the credit. Additionally, our experienced legal team at Goldburd McCone LLP can provide quality legal guidance for IRS audits as related to the ERTC/ERC.

Sit Down To Explore Your Options

As an employer, you could be putting your operation at a disadvantage by not making use of the Employee Retention Tax Credit. Our lawyers have the information to make the law work for you. To reach out to us to schedule an initial consultation regarding tax credits and other issues, please call our Manhattan office at 212-235-1817 or send us an email. We have two more New York offices in Long Island and Rockland County, as well as additional locations in New Jersey, California and Florida.