September 29, 2023

ERC IRS News

Business Insider News Feature

Corporate Strategies Offers Guidance in Navigating the Newly Announced IRS Heightened ERC Audit Landscape

 

See Article on Business Insider Site

Corporate Strategies, a leading financial firm in alternative funding sources, is stepping up to guide businesses in navigating the complexities of the Employee Retention Credit (ERC) Payroll Tax Refund, especially amidst the IRS’s heightened scrutiny.

 

Houston, TX, Texas, United States – Tim Connolly, CEO of Corporate Strategies, underscores the importance of being audit-ready.

“The ‘IRS Notice 2021-20’ is not just a document; it’s a roadmap for businesses to ensure they are protected during potential future audits,” 

he begins.

“Proper adherence to this notice is crucial to avoid penalties and interest assessments on the ERC tax refund claim.” Every one of our clients receives this notice as the most important tool available to be audit-ready in the event of any IRS audit or review. 

The Corporate Strategies team led by a former Arthur Anderson tax auditor, along with Tax Lawyer/CPAs, delves deep into the intricacies of the ERC Payroll Tax Refund. The company emphasizes the significance of the “IRS Notice 2021-20” as a vital guide for audit protection. This IRS notice serves as a document retention guide for establishing ERC eligibility, ensuring clients are well-equipped to defend their ERC refund.

Corporate Strategies demands firm documentation as the backbone of of ERC eligibility compliance. “

Employers must diligently provide us and retain specific records demonstrating their eligibility for ERCs. This isn’t just about obtaining a refund; it’s about ensuring businesses can confidently stand by their claims,”

says Connolly.

“Our goal is to assure our clients that with the compliant ERC required documentation, they are audit-ready and audit-fearless.”

Connolly further elaborated that it is not just about qualifying for the ERC but about being prepared for what comes after. With the IRS emphasizing documentation, Corporate Strategies guides businesses on what to keep, how to keep it, and for how long.

IRS Notice 2021-20 highlights the need for employers to keep certain records that demonstrate their eligibility for ERCs. These records should be retained for five years from when the tax is due or paid. The notice emphasizes maintaining proof of a decline in gross receipts, among other specific documentation requirements.

The CEO adds, 

“Our mission is clear: to protect those who legitimately qualify for the ERC, especially the underserved, including startup businesses, churches, schools, and nonprofits.” 

Amidst the IRS’s heightened scrutiny, Corporate Strategies commits to supporting its clients throughout the entire process.

For trusted guidance and expertise on the ERC Payroll Tax Refund and other funding sources, visit Corporate Strategies at https://corporate-strategies.net/.

Corporate Strategies has worked with a wide roster of clients. Previously funded ERC payroll tax refunds include:

$1,241,900 ERC payroll tax refund to a Houston,TX Church
$2,889,000 ERC payroll tax refund to a Houston, TX Manufacturer
$78,471 ERC payroll tax refund to a Houston Restaurant
$316,000 ERC payroll tax refund to Houston, TX IT Company
$115,112 ERC payroll tax refund to a Houston, TX Church
$763,206 ERC payroll tax refund to an Austin, TX Church
$460,698 ERC payroll tax refund to a Katy, TX Church
$127,854 ERC payroll tax refund to a Houston, TX Design Firm
$454,906 ERC payroll tax refund to a Houston, TX Reservoir Services Group
$226,667 ERC payroll tax refund to a Houston, TX Technology Firm
$585,596 ERC payroll tax refund to an El Paso, TX Church
$529,521 ERC payroll tax refund to Houston, TX Church
$91,486 ERC payroll tax refund to a Texas Church
$616,719 ERC payroll tax refund to an Austin, TX Church
$841,274 ERC payroll tax refund to a Houston, TX Home Services Provider
$33,776 ERC payroll tax refund to a Rosenberg, TX Church
$63,695 ERC payroll tax refund to a Houston, TX Machine Shop
$1,499,163 ERC payroll tax refund to a Permian Basin-based pipeline services company
$266,128 ERC payroll tax refund to an Amarillo, TX-based Construction Company
$197,154 ERC payroll tax refund to a Humble, TX Church
$84,115 ERC payroll tax refund to a Texas Church
$417,049 ERC payroll tax refund to a Houston, TX Industrial Company
$116,913 ERC payroll tax refund to a Houston, TX Services Company
$632,184 ERC payroll tax refund to a Pampa, TX Company
$50,449 ERC payroll tax refund to a Corpus Christi, TX Church
$118,095 ERC payroll tax refund to a Houston, TX Church
$336,122 ERC payroll tax refund to a Houston, TX Sheet Metal Company
$537,418 ERC payroll tax refund to a Houston, TX Steel Company
$199,741 ERC payroll tax refund to a Houston, TX Suburban Church
$654,222 ERC payroll tax refund to an Austin, TX Church
$400,179 ERC payroll tax refund to a West Texas Church
$72,127 ERC payroll tax refund to a Houston, TX Church
$467,906 ERC payroll tax refund to an Austin,TX Construction Company
$55,057 ERC payroll tax refund to an Austin, TX Commercial Construction Company
$463,774 to a Houston, TX Electrical Company
$421,743 to a Clear Lake, TX Church
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Why Choose Corporate Strategies?

Since 1984, Corporate Strategies Merchant Bankers has provided private funding solutions from $2,500,000 to $25,000,000 for small to medium-sized (SMB) businesses and non-profits whose loan applications have been rejected by conventional banks. Our 40 years of experience uniquely qualifies us to bring our SMB clients the CARES Act Employee Retention Credit (ERC) Payroll Tax Refund Program. Here’s why: