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re: Employee Retention Credit and PPP

Posted on 6/30/22 at 1:54 pm to
Posted by Sheepdog1833
Member since Feb 2019
764 posts
Posted on 6/30/22 at 1:54 pm to
What is the definition of a full or partial shutdown?
Didn’t the slimy cocksuker in LA essentially shut us all down for a period?
Posted by VABuckeye
NOVA
Member since Dec 2007
38283 posts
Posted on 6/30/22 at 2:01 pm to
We had several government projects that shut down for a period of time. We also had a project in California and California went on total lockdown. Those are shutdowns.
Posted by BottomlandBrew
Member since Aug 2010
29309 posts
Posted on 6/30/22 at 2:35 pm to
quote:

Have to have a sig. decline in business or a full or partial govt shutdown.


I'm seeing things about supply issues also being allowed. For example, we had suppliers that normally had two week lead times extended to 16+ week lead times, which caused jobs to be postponed on our end. Can anyone speak to this aspect of the ERC?
Posted by ChexMix
Taste the Deliciousness
Member since Apr 2014
25494 posts
Posted on 6/30/22 at 3:20 pm to
quote:

Were you mandated to be shut down or did your revenue dip in either 2020 or 2021 when compared to 2019?

If so &you have employees, then its worth talking to somebody about.
I am that somebody. I am helping companies file for these credits and would love to help anyone who needs it.
Posted by ChexMix
Taste the Deliciousness
Member since Apr 2014
25494 posts
Posted on 6/30/22 at 3:23 pm to
quote:

For example, we had suppliers that normally had two week lead times extended to 16+ week lead times, which caused jobs to be postponed on our end. Can anyone speak to this aspect of the ERC?
Yes. It is an indirect suspension and would be an automatic qualifier if the suspension had an nominal effect or if the suppliers were directly suspended by either federal, state or local mandates.
Posted by BottomlandBrew
Member since Aug 2010
29309 posts
Posted on 6/30/22 at 4:26 pm to
I guess I need to do some research on Michigan shutdowns as that's where my main metal supplier is.
Posted by ChexMix
Taste the Deliciousness
Member since Apr 2014
25494 posts
Posted on 6/30/22 at 8:41 pm to
quote:

I guess I need to do some research on Michigan shutdowns as that's where my main metal supplier is.


or use a third party filer and not worry about accountant fees or the time it takes to research and craft an acceptable opinion for the IRS.



eta: here is an email if you would like to know more or are interested in using a third party. Paymasterreferrals@gmail.com
This post was edited on 7/1/22 at 11:29 am
Posted by Spasweezy
Unfortunately, Louisiana
Member since Jan 2014
7193 posts
Posted on 7/1/22 at 11:58 am to
Deleted
This post was edited on 7/1/22 at 12:01 pm
Posted by MintBerry Crunch
Member since Nov 2010
5847 posts
Posted on 7/2/22 at 7:18 pm to
Nah. Call me
Posted by ChexMix
Taste the Deliciousness
Member since Apr 2014
25494 posts
Posted on 7/3/22 at 8:06 am to
Would love to. Email me the number and I will contact you first thing after the Holiday.
Posted by Murray
Member since Aug 2008
14806 posts
Posted on 7/3/22 at 5:13 pm to
quote:

I am that somebody. I am helping companies file for these credits and would love to help anyone who needs it.


What’s your fee arrangement for your ERTC services?
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37386 posts
Posted on 7/3/22 at 6:38 pm to
quote:

What’s your fee arrangement for your ERTC services?


Probably contingent fee for like 4 hours of procedural work
Posted by Murray
Member since Aug 2008
14806 posts
Posted on 7/4/22 at 6:44 am to
quote:

Probably contingent fee for like 4 hours of procedural work


Bingo. His lack of response will confirm it.
Posted by ChexMix
Taste the Deliciousness
Member since Apr 2014
25494 posts
Posted on 7/4/22 at 8:34 am to
quote:

What’s your fee arrangement for your ERTC services?
I refer business to Paymaster, I do not perform the feasibility tests, research or filings.

Paymaster charges between 15-20% contingency fees depending on company size. Free if you don't qualify. Feasibility test takes about 3-4 weeks.

LOL @ the guy that thinks its 4 hours of procedural work. If is were that simple, your CPA would have filed for the credits in the initial filing.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37386 posts
Posted on 7/4/22 at 8:37 am to
quote:

If is were that simple, your CPA would have filed for the credits in the initial filing.


Most do. Good ones anyway
Posted by ChexMix
Taste the Deliciousness
Member since Apr 2014
25494 posts
Posted on 7/4/22 at 8:51 am to
quote:

Most do. Good ones anyway
Very few have filed for the ERC let alone kept up with the tax law changes. Hell, Im working with Accounting firms right now that are using Paymaster for their clients.

This isnt some scam like the window lickers on this site want you to believe.

Helped my dentist receive over 76k last week. My plumber over 136k. Helped a home builder in Daphne receive over 5.7 million. Real money.
Posted by Murray
Member since Aug 2008
14806 posts
Posted on 7/4/22 at 9:10 am to
quote:

refer business to Paymaster, I do not perform the feasibility tests, research or filings. Paymaster charges between 15-20% contingency fees depending on company size.


Lol what?? It is not illegal but that % is borderline unethical.

Anyone reading this and seriously in need of Covid Relief assistance, please call around to CPA firms. IF you can’t find one that is working with ERC, find a consultant/third party payroll service that charges 5% or less.

You should be ashamed of yourself ChexMix. You’re taking advantage of good people and you know it.
Posted by ChexMix
Taste the Deliciousness
Member since Apr 2014
25494 posts
Posted on 7/4/22 at 11:09 am to
quote:

Lol what?? It is not illegal but that % is borderline unethical.
Thats a load of horseshite. You clearly dont know what you are talking about.

quote:

Anyone reading this and seriously in need of Covid Relief assistance, please call around to CPA firms. IF you can’t find one that is working with ERC, find a consultant/third party payroll service that charges 5% or less.
Typical. Like i said, you dont know what you are talking about. You are spewing emotions all over this thread. Clearly you have a vested interest...a CPA perhaps? bookkeeper? Clearly female

quote:

IF you can’t find one that is working with ERC, find a consultant/third party payroll service that charges 5% or less.
this is just laughable. 15-20 is industry standard with 40% being the high end. 5 is just plain naive

quote:

You should be ashamed of yourself ChexMix. You’re taking advantage of good people and you know it.

For what? Referring company owners to an expert in the field of federal tax credits, has a A+ BBB rating, and has established basis for indirect suspension filings for over a thousand companies????

Like i said, you dont know what you are talking about Murray. And frick you for your sanctimonious tirade. Eat shite
Posted by VABuckeye
NOVA
Member since Dec 2007
38283 posts
Posted on 7/4/22 at 11:36 am to
I wouldn't mind chatting.

vabuckeye541gmail.com
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
37386 posts
Posted on 7/4/22 at 11:59 am to
quote:

Clearly you have a vested interest...a CPA perhaps?


And you don't?

quote:

For what? Referring company owners to an expert in the field of federal tax credits, has a A+ BBB rating, and has established basis for indirect suspension filings for over a thousand companies????



There's a reason these companies occupy radio ad space with Jim Adler and Morris Bart, becuase they're the same schysters.

quote:

Like i said, you dont know what you are talking about Murray. And frick you for your sanctimonious tirade. Eat shite


My firm has done tons of these under the standard engagement conditions for our clients because we have a reputation to uphold.
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