Update on Employee Retention Credits

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Can't wait for some of the people to he popped who used these third party contingent fee fraudsters. Going to be sick

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100 percent chance these companies will be "out of business" by the time the audits get ramped up.

Gone to never be seen again.

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Also... they are starting to issue audit requests.

I’m sure I’ll be getting my audit request soon. My 941X from 2020 is now on its 3rd 60-day extension. My 2 941Xs & 1 942 from 2021 all processed without a hiccup

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The 3Q seems to be an issue with them. We just received our refund from the 2021 3Q last week.

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The document requests for those are VERY detailed and ask for a ton of info.

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So dramatic

Its literally payroll registers for 2019-2021, gross revenues for the three years and all 941s and PPP loan info. VERY detailed indeed


ETA: Update. Got my plumber 34k and my dentist 38k.

thank God i called bc their CPAs didnt even try to see if they were eligible.

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A real CPA firm or the same "CPA" firm that Jason Williams used?

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Large CPA firm in baldwin county. Has close to double digit partners.

Not sure why youre on this hate trip for 3rd party filers. Company I refer business to is legit. A+ rating with the BBB. Processed thousands of businesses ERCs. CEO is a CPA, just like you. So who are you to judge?

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Keep telling yourself that

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Towing companies have A+ ratings with the BBB, and as well all known, they are the poster child of values and ethics

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Whats unethical is you charging a client over 1k for a simple Scorp return that took you 3 hours to complete.

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You think $300/hour is unethical? If you weren't a moron, you'd know there are built in costs in that along with costs that are billed for throughout the year and assurances on the back end.

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Um, that is exactly what it means you dumbshit.

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If that were true what's the point of audits? They'd cease to exist.

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You are so bitter that anyone else is in the market for filing ERC that it eats you up inside.

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I don't care other than it sucks small business owners who don't know any better are getting scammed.

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You have the gall to question someone's ethics because you cant charge contingency fees?

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Whats stopping me other tha not being a scumbag?

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You over bill your time and pad your time to make your billings.

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Actually, lately I've spent a good amount of free time trying to secure an engagement. That's how it works, I'm not getting paid yet, but I'm providing a potential new client value.

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And yes, 300 an hour is unethical for CPAs to charge. You dont deserve that rate for being a bunch of glorified data input specialists.

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Well that's why paraprofessionals and preparers don't get paid $300/hour and that's why I bill more than that.

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Name me one time you did a tax return without letting the computer program calculate everything for you. You cant.

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I don't really ever file returns.

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All you do is put numbers in a box and pretend that youre a professional

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Today I was reading pending litigation that would potentially change the sourcing of online transactions in a certain state which could have huge impacts on where companies would need to collect and remit sales tax. That would have big impacts on their administrative costs and could completely derail revenue sharing agreements municipalities have entered into with certain companies who have located in said municipalities. Were you aware of this pending case?

Additionally, were you aware of the sweeping tax changes in Kentucky to take effect next year eventually eliminating the income tax?

That is what we get paid for. It's not necessarily anything proprietary, but are you willing to keep up with all that shite? If you are, good on you.

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My dentist loved his 38k scam.

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Of course he did, if he has to pay it back with penalties and interest, like thousands of people are going to have to do, he's going to like it a lot less.

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If youre not calling everyone of your clients to file the ERC, you are doing them a disservice

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Where did I say I wasn't?

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So you bill MORE than 300 an hour? Talk about Unethical.

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Way more

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So you didnt do shite today at work. Just read some articles and paperwork.

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You don't think staying current on the taxation landscape when you are advising someone of the taxation landscape is doing shite? Odd

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Probably charged some time to a company for it as well.

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For that particularly, I did not.

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there are literally CPE courses you can sign up for to learn that shite.

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On this particular case, doubtful, but I suppose there could be.

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Stop pretending doing research justifies your billing rate.

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That's not all of it.

How can someone say that a price charged by a company is unethical? The entire point of business is to charge what people are willing to pay.

A lot of professionals charge more and take on less work. It improves work / life balance and the clients are obviously happy with the work or they would stop paying it.

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So lets wrap this up...You are trying to secure engagements with clients for the ERC

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No

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are casting shade on anyone other than CPA firms performing the same task.

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Also no. Are you retarded?

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You cast judgment on the amount charged for ERC services, however, you charge an absurd hourly rate WAY more than 300 an hour.

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Correct.

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have no moral high ground

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Of course I do