The Employee Retention Tax Credit (ERC) provides refundable payroll tax credits to small businesses and nonprofits that were impacted by COVID-19. If you are a current ASAP client, we can help you calculate and claim ERC for qualified wages.
- Check out our ERC Consulting & Support Packages to learn more about our services
- Submit an ERC Support Services Request Form to schedule a 20-minute phone consultation
ASAP ERC Support Services
Review our options below to see which one is the best fit for you.
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Stay in touch with your CPA or tax advisor regarding your participation in any financial relief programs that may impact your tax strategy. |
Quantification Analysis, Compliance & Filing Hands-on support to analyze, calculate, track & claim payroll tax credits for 2020 and 2021, compliance & recordkeeping. |
Filing Assistance Only Already calculated your credits? ASAP can use those amounts provided to prepare and file 941-X paper returns. Note: Requires liability waiver since ASAP is unable to provide tax notice or recordkeeping support with this filing-only service. |
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| One-on-One Guidance | ✔ | |
Review wage reports, eligible expenses, and other considerations to identify & calculate credit opportunities during eligible periods in compliance with 2020 ERC requirements. |
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Review wage reports, eligible expenses, and other considerations to identify & calculate credit opportunities during eligible periods in compliance with 2021 ERC requirements. |
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Prepare and remit/file amended Form 941-X to claim payroll tax refunds for ERC-eligible wages paid in a prior quarter. This form must be manually prepared and submitted for each quarter where credits are claimed. |
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ASAP will enter credit details into our payroll software for recordkeeping and tax compliance as well as provide you with documentation required for your long-term files. |
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| Pricing | $750 one-time base price + 5% of credit amount | Click for pricing |
Yes! Answer a few questions on our ERC Quick Eligibility Tool for a preliminary overview of requirements. If you think you are eligible for ERC and you’re a current ASAP Accounting & Payroll client, complete our ERC Support Services Request Form to get in queue for free 20-minute eligibility consultation.
Yes, we can help ASAP clients with preparing and submitting 941-X returns for ERC refunds, as well as 941 returns for 2021 ERC-eligible quarters. Please note that filing 941-X returns is a manual process and the form must be mailed to the IRS, so we cannot estimate when credit refunds will be issued. We will monitor IRS tax reports and communicate updates.
Yes, please contact us if you (or your accountant / tax preparer) filed a 941-X return to claim an ERC refund so we can notate your account accordingly.
Please Note: As your agent of record and to keep your payroll records consistent, we prefer to file 941-X returns for payroll clients. We may also need you to sign a waiver releasing us from liability as your agent-of-record since we did not file those tax documents.
Yes. We can help ASAP Accounting & Payroll clients identify and calculate ERC-eligible wages, and then file 941-X returns to amend previous quarterly filings to claim payroll tax credit refunds for 2020. Please complete our ERC Support Services Request Form to be added to our queue to initiate this service.
Unfortunately, we cannot estimate when you may receive your payroll tax refund from the IRS. We have to manually prepare and mail 941-X returns to claim the credit. The IRS is experiencing significant processing delays in service due to the pandemic. We will communicate regularly to provide service timeline updates. Please Note: As your agent of record and to keep your payroll records consistent, we prefer to file 941-X returns.
Our small-but-mighty ERC Team will work diligently to set up ERC tracking and payroll tax liability reductions prior to your next run.
However, the exact timing for implementation depends on several factors, such as employee count, healthcare costs, coordination with PPP, FFCRA and other federal grants/credits, and the number of clients in our ERC Support Services queue. In addition, we are working through continuous updates in our payroll software related to this process. We ask for patience as we ensure compliance with this new program’s fluctuating rules.
We can also file 941-X returns to retroactively claim credits for ERC-eligible wages paid in prior quarters. (Note: This is a separate service from current-quarter ERC filing.)
No. We need your authorization before we can implement a reduction in your federal payroll tax liabilities for ERC-eligible wages. In addition, we will need to file appropriate IRS returns to document your eligibility for ERC.
Please submit an ERC Support Services Request Form to schedule a free 20-minute eligibility consultation and learn how we can help you.