Snable Stevenson & Silva LLC

COVID-19 FINANCIAL recovery

Your business is likely eligible for more federal money than you realize through a wide variety of programs that were launched to combat the negative economic impact of the Corona Virus. Our firm is here to assist you through the process and ensure that you collect all funds to which you are lawfully entitled.

THE EMPLOYEE RETENTION CREDIT (ERC)

The staggering amount of money currently being spent by the federal government is surpassed only by the complexity of the tangled web of statues, IRS provisions, and executive orders that govern the dissemination of funds related to the various stimulus programs. To keep track of the constantly changing availability and qualification standards, it is literally a full time job for tax attorneys specializing in state and federal tax credits. While there are a number of relief programs for which your business may qualify in the wake of COVID-19, the primary program being pursued at the moment is the Employment Retention Credit (ERC). Of the many federal programs available, many businesses opted to file for the Paycheck Protection Program (PPP) loans. However, filing for PPP loans DOES NOT disqualify your business from filing for the ERC.


The information you need to file is largely already available in your payroll software and is often available in ready-to-download reports. Our staff will walk you through the steps to make it as easy as possible, and the information can be collected in less than a day. The amount of money for which your business is eligible will vary based on individual circumstances. Once your documents are filed with the IRS, it is currently taking 90-120 days to receive your check, however, the processing time is trending upward as more and more businesses file applications. You have no risk as long as you provide accurate information in your application. The worst outcome is that your ERC application will be denied by the IRS. Our fee is only due if and when you receive your check from the IRS.


Our law firm, in conjunction with a tax law firm specializing in state and federal tax credits, will analyze your financial information, prepare and file the necessary forms, and track your application to completion with the IRS. Hundreds of claims for clients, worth millions of dollars, have already been successfully processed. Additionally, during the application process, our tax attorneys will seek to identify other programs you may also qualify for.


For more detailed information on the Employee Retention Credit, click here to visit the Internal Revenue Service's ERC FAQ page. Please note that some of the guidance found on the IRS' main FAQ page has been updated and altered by the subsequent Acts mentioned at the top of their page. For example, most employers are now eligible for substantially more money and are now more likely to qualify than they were initially.

VIDEO RESOURCES

What is the Employee Retention Credit (ERC)?

The ERC is one of the most valuable federal stimulus programs related to the COVID pandemic for companies with full time W2 employees.

How do I qualify for the ERC?

There is a great deal of confusion over how a company qualifies for the ERC. Attorney Joshua Snable seeks out answers.

How much is the ERC worth?

The money in the ERC is substantial and if your business has W2 employees it likely qualifies.

How quickly can I collect ERC funds?

ERC funds will not last forever. Beginning the application process now is crucial.

PPP vs ERC: What’s the difference?

Even if your business accessed PPP funds, it can still access the ERC.

How do I get started?

Snable Stevenson & Silva is here to help you access the ERC.

Are there legal fees for this service?

There is no fee for legal services unless we help you successfully qualify and receive an ERC check.

THE PROCESS

1. ENGAGEMENT

Begin the process by signing a short agreement engaging our firm to work for you. You may request an engagement letter by submitting the form above under "Get Started."

2. SUBMIT DATA

We will provide you with a simple checklist for the financial data you will need to provide. Feel free to ask us questions or for assistance at any time.

3. ANALYSIS

Tax attorneys and CPAs will complete a full analysis of your data so all the correct tax and rebate programs can be targeted.

4. FILING

Tax attorneys and CPAs will prepare all the filing documents and submit them to the IRS on your behalf. They will track the filings through to completion with the IRS.

5. IRS PROCESSING

The IRS will review your filings and make a final determination on what funds your business qualifies for. The worst outcome is denial of your application. You owe us nothing for our services unless you are approved and receive a check.

6. CHECK ISSUED

IRS processing is currently taking 90 to 120 days. The IRS will send your check directly to you via the United States Postal Service.

FREQUENTLY ASKED QUESTIONS

WHY HAVEN'T I HEARD ABOUT THESE PROGRAMS?


The staggering amount of money currently being spent by the federal government is surpassed only by the complexity of the tangled web of statutes, IRS provisions, and executive orders that govern the dissemination of funds related to the various stimulus programs. To keep track of the constantly changing availability and qualification standards, it is literally a full time job for tax attorneys specializing in state and federal tax credits.

WHICH PROGRAMS WILL I QUALIFY FOR?


Tax attorneys will analyze your business structure and financial records to determine which federal and state programs you are eligible to apply for, organize your information, and submit applications for each qualifying program. The primary program being pursued is the Employee Retention Tax Credit.

WHAT IF I ALREADY FILED FOR PPP MONEY?


Of the many federal programs available, many businesses opted to file for the PPP loans. However, filing for PPP loans DOES NOT disqualify your business from filing for many of the other programs.

HOW DIFFICULT IS IT TO FILE?


The information you need to file is largely already available in your payroll software and is often available in ready-to-download reports. Our staff will walk you through the steps to make it as easy as possible. The information can be collected in less than a day.

HOW MUCH MONEY, AND HOW FAST?


The amount of money for which your business is eligible will vary based on individual circumstances. Once your documents are filed with the IRS, it is currently taking 90 to 120 days to receive your check. The processing time is trending upward as more and more businesses file applications.

WHAT ARE MY RISKS?


You have no risk as long as you provide accurate information in your application. The worst outcome is that your application will be denied by the IRS. Finally, our 20% fee is only due if/when you receive your check from the IRS.

GET STARTED

GET STARTED

Begin the process of filing for eligible COVID money by submitting the form below. You will receive a short engagement letter via email from Docusign that will allow us to go to work on your behalf.


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