Donna Genie explains the Employee Retention Credit, a retroactive tax benefit for 2020. Her firm evaluates employees one by one to determine eligibility, gives clients a checklist after signing an engagement letter, and is waiting on final IRS procedures to file refund applications.
The employee retention Credit can be a valuable tool to a business owner, especially with the new rules that we have about retroactively applying it to 2020. We are excited to help you get underway with determining how much of a credit you can go back and recapture for 2020. Our evaluation report will help you determine employee by employee how much credit you will be eligible for. We are awaiting the final procedures on how to apply to get the refunds through the irs, but in the meantime we want to make sure you are at the front of the line to be able to apply for that when those regulations come out. So we look forward to helping you with the employee Retention credit. Upon receiving your signature for the engagement letter, you'll receive a notification with a list of the items that we'll need to proceed with your evaluation and provide you with a full report. If you have any questions along the way, please don't hesitate to let us know. Thank you.
