Announcing our $2m Series A funding.
Read more about it here

ERC Funding Doesn't Have To Be Complicated.

Receive up to $26,000 per employee in stimulus funds.

Watch the Full Video From Jorns & Associates Below

FIND OUT IF YOU QUALIFY

The Employee Retention Credit

What is it?

The ERC Program

"As we begin to find normalcy again, businesses now have to focus on recovering from COVID-19 and fortunately, several government programs are easing this process. One program is the Employee Retention Credit, or ERC, which is a stimulus program designed to bolster the businesses that were able to retain their employees during this challenging time. Due to the extremely complex tax code and qualifications, it is severely underutilized." -- Our Partners, Jorns & Associates
Up to $26,000 Per Employee
Available For 2020 & Q1 - Q3 2021
Qualify with decreased revenue or COVID event
No limit on funding (ERC is NOT a loan)
ERC is a tax credit that is refundable
See if you qualify

Why Jorns & Associates?

There are many companies that offer tax credit and incentive consulting services. There are very few that are 100% focused on it. Jorns is one of the few.
Dedicated To ERC
No need to be the guinea pig for your CPA. J&A averages 10-20% more funding than a CPA not familiar with the program.
Program Specialists
J&A team strictly focuses on ERC allowing them to be the experts, resulting in more funding for your business.
Audit Protection Included
If you get audited, J&A will supply all criteria and assist in responding to the IRS.
Lightning Fast Results
J&A's streamlined process allows for faster results, which mean faster funding.
Maximum Funding
J&A evaluates your claim in every way possible to ensure they maximize your credit.
Professional Support
Although their process is quick and painless, they have a dedicated team of ERC support specialists to answer your questions.
Faq

Got Questions?

Do I have to repay the ERC Credits?

No. This is not a loan. It’s a refundable tax credit. When we file your ERC claim J&A requests a refund check for you.

Will the ERC funds run out?

This is not a lending program – tax refunds are issued by the US Treasury. Therefore, all eligible employers will receive the funds.

How much do you charge?

J&A's service charge is based on a percentage of the credit recovered. They calculate and provide their fee with their free analysis. Since they are typically able to recover 10-20% more than someone less familiar with the program, their fee is very affordable. Just like a good CPA, using the right team for this process pays for itself.

How will I make payment?

You can pay with a check, bank wire, or ACH.

Can't I just have my CPA file? Why would I use GR8FL Ventures?

Of course. The challenge is the ERC credit is taken on your payroll returns and not through your business income tax returns, which is what most CPA's handle. Because of this most CPA’s don’t process this credit, unless they process your payroll in house. This is also a big reason why this credit is so underutilized. Since CPA’s don’t typically handle it and they are the tax experts, it has mostly fallen in a middle ground where few are able to effectively process the credit. Interestingly, we receive a large portion of our clients from CPA’s.

At GR8FL, we have decades of payroll experience, which has allowed us to specifically focus to understanding and maximizing the ERC program. In our experience we have found that due to the complexity (the ERC tax code is over 200 pages) and time investment necessary to understand the ERC program, very few are able to effectively maximize this sizable credit for your business.

Can I get ERC funds if I already took the PPP?

Yes. The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted December 27, 2020, modified the ERC credit rules. One of the modifications included allowing a company to have a PPP loan and still take advantage of the ERC credit. However, you can’t use the same dollar for dollar funds. We take this into account when processing your ERC credit.

My revenue went up in 2020. Can I still qualify?

Yes! There are two possible qualifications for 2020: revenue reduction, or a “full or partial shutdown of your business due to COVID-19”. Specifically the IRS describes this as “A government authority required partial or full shutdown of your business during 2020 or 2021. This includes your operations being limited by commerce, inability to travel or restrictions of group meetings.” Below are several examples of qualifying events:

Example 1: A restaurant must close or limit its on-site dining. Such as having to close down every other table, due to COVID-19 restrictions.

Example 2: A business that needs to meet with clients in person and has to cancel meetings due to COVID-19 restrictions.

Example 3: A business has to reduce their operating hours because COVID-19 restrictions and cleaning requirements.

Example 4: A business had delayed production timelines caused by supply chain disruptions.

Example 5: A business with a planned event has to cancel that event, or restrict the amount of people who can attend due to COVID-19 restrictions.

Is the ERC credit taxable?

The ERC credit is not considered income for federal income tax purposes, but you must reduce any deductible wage expenses by the amount of the credit. Please provide the credit information to your CPA for tax purposes.

I'm getting more in ERC than I paid in taxes.

Remember that this program is taken according to payroll taxes paid, not on income taxes. ERC funds not applied towards owed payroll taxes are treated as an ‘over deposit’ of taxes that will be requested as a refund check from the IRS.

As an owner, do my wages or those of any family I employ also qualify?

Maybe. Wages of owners who have majority ownership, defined as over 50%, do not qualify, nor do the W2 wages of any immediate family members of the owner. In the case an owner has less than 50% ownership, their W2 wages qualify, as do the W2 wages paid to immediate family members.

Can qualify for ERC if I am self-employed?

No, if you are majority owner (over 50%) of your company then your wages do not qualify.

As an owner, do my wages or those of any family I employ also qualify?

Maybe. Wages of owners who have majority ownership, defined as over 50%, do not qualify, nor do the W2 wages of any immediate family members of the owner. In the case an owner has less than 50% ownership, their W2 wages qualify, as do the W2 wages paid to immediate family members.

How long does it take to get my ERC credits?

This is how the process works: If you wish to move forward, you will sign the engagement agreement, select your desired payment option, and we will gather the data, run the calculations, build your qualification report,  and file your claim. Once filed the IRS is taking 3-5 months to issues checks below $200,000 per quarter and 7-10 months to issue checks that are above $200,000 per quarter.

I have another question.

For any additional questions, Shoot us a message.

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