This week’s episode of Grow Money Business features Kenneth Dettman. He is the CEO and Managing Director at EZ-ERC. He is a highly technical CPA with extensive "big consulting" tax advisory experience and was recently named an official member of the Forbes Business Council. He is known as a pioneer in the Employee Retention Credit (ERC) industry, having successfully sourced and underwritten one of the first ERC tax insurance policies in the country. He joined us today to talk about the ins and outs of the employee retention tax credit, who qualifies and who doesn't, how much the credit is, and what to look for if you're considering filing a claim yourself.

[02.40] Kenneth’s story – Kenneth shares his career progression, after starting as an income tax advisor and then building EZ-ERC.

[09.23] Paycheck Protection Program – Kenneth explains why you are not allowed to have both a PPP loan and the employee retention credit at the same time.

[21.53] Partial suspension – Kenneth defines partial suspension.

[29.40] The Right Way – Grant and Kenneth dive into the details of doing partial suspension the right way.

[38.45] The Reasonable Cause Standard – Grant and Kenneth discuss the reasonable cause standard.

[45.49] Handling Casework – Kenneth explains how they handle casework as practitioners when they don’t have guidance from the IRS.

[49.02] Worker Opportunity Credit – Grant and Kenneth discuss an incentive for employers to hire disadvantaged classes of employees.

 

 

 

 

 

 

 

 

Resources

IRS opens 2023 Dirty Dozen with warning about Employee Retention Credit claims

irs.gov/newsroom/irs-opens-2023-dirty-dozen-with-warning-about-employee-retention-credit-claims-increased-scrutiny-follows-aggressive-promoters-making-offers-too-good-to-be-true

 

IRS issues renewed warning on Employee Retention Credit claims

irs.gov/newsroom/irs-issues-renewed-warning-on-employee-retention-credit-claims-false-claims-generate-compliance-risk-for-people-and-businesses-claiming-credit-improperly

 

The country's leading expert in the Employee Retention Credit

ez-erc.com/

 

Connect with Kenneth

LinkedIn - linkedin.com/in/kenneth-dettman-cpa/

Email - [email protected]