The ERTC Calculator Worksheet
Here's a little background on how and why this calculator was created. If you dare to remember back in early 2020 during the height of the pandemic, we were all exhausted and mentally worn out from a grueling tax season when all of the IRS regs started coming from the Treasury to start helping individuals and business recover from the lengthy shutdowns. We were constantly talking to colleagues about what their plans were going to be with ERC and the vast majority said they wanted nothing to do with it. Payroll companies were a mess, there was zero guidance coming from the IRS and whoever was remotely interested at that time, was relying on the IRS FAQs for guidance. It was a mess and frankly still is.
But in our practice, we have a lot of main street businesses that really needed the help. Our colleagues needed help and since we had the ability and time with everybody taking a break from paying their bills, we pushed forward to figure out the best, most efficient and accurate way to calculate the ERC credits. It was a work-in-progress as you would be able to see if you check out our YouTube Channel for OPS Accounting. Please take some time to review the work we've done to develop and refine this product.
It has been a truly satisfying endeavor knowing we're helping our friends and colleagues across the country while so many unscrupulous profiteers have entered the ERC game. Don't let them if you can help it. After the credits begin expiring next year, our clients that chose payroll service providers and other non-technical companies will be inundated with tax notices and potentially audits so this game is only getting started. Be prepared and have the best tools in your toolkit.
Please don't hesitate to contact us if you have any questions and please don't hesitate to review our YouTube channel and don't forget to subscribe! Also follow us on Twitter. Between those two platforms we'll be posting regular updates and bulletins. Since the last notice posted by the IRS in August of 2021 regarding the attribution rules for family members there have been on substantive updates.
Stay tuned and do yourself a huge favor and pick up the spreadsheet!
Testimonials
What our customers write about us..
Love the spread sheet. I have used it probably 20 times thus far and have a long list of other clients I need to check out when it slows down. Hahahahaha. I have been surprised at how fast the refunds are coming, our clients are getting their refunds with in 4-5 months and it doesn't seem to matter the amount of the refunds...This calculator really has helped a ton, I am so glad that I found it.
The spreadsheet worked great. I even added a few features such as accuracy verification fields and conditional formatting. We submitted our first amendments back in early March and those first clients are starting to receive refunds. We appreciate your effort getting us started.