Outsourcing your Employee Retention Tax Credit business needs to Baron Payroll will lead to an easier, faster, streamlined, and less stressful ERC process.
What are the Benefits of Outsourcing My ERCs?
By outsourcing your ERCs, and going with a turnkey solution, you will benefit from added expertise, and economies of scale. Anything outside of your wheelhouse takes time away from your daily business activities. Imagine how great it would feel to delegate it and be done with it.
Take payroll for example. By outsourcing this task, your company can free itself of burdensome bookkeeping, compliance, and tax filing chores.
The same dynamic holds true for ERCs. Although the government designed ERCs to be straightforward, and simple—when it comes to maximizing your award, and filing amended payroll returns, ERC specialists make the whole process easier.
Why Are Payroll Companies Ideally Suited to Handling ERCs?
The reason payroll companies excel at handling ERCs is because they file 941s and 941Xs on a regular basis. This is how payroll companies put your ERC refund money in the fast lane.
Additionally, well-organized, detailed, accurate employee records organized by quarter from 2019 through 2021 are the grease that makes the ERC wheels spin. Simply put, you’ll need accurate quarterly comparisons to get the most from your ERCs.
That’s why hiring a payroll company to handle your ERCs is a win-win. Plus, a payroll company will be skilled at helping you maximize the amount of ERC money you qualify for based on segregating and applying your PPP loans to specific payroll periods.
Are all Payroll Companies Created Equally?
The answer to this question, as I’m sure you already know is, no. The ideal payroll company is one that is responsive to your needs—think small boutique company where your calls are answered not by a customer service robot, but by a human being.
Other factors that are indicative of an excellent payroll company partnership are ERC knowledge, past and current ERC success, and a passion for helping client companies keep the most money with the least fuss and risk.
Should I Have My Current Payroll Company Handle My ERCs?
Great question that you probably already know the answer to. If your current payroll company hasn’t cared enough about your business to proactively discuss ERCs with you by now, then you need to find a new payroll company.
Remember, payroll companies that help you harvest ERC money participate in the rewards. So ask yourself if you can really expect a payroll company that won’t help themself earn more money help you? This is why boutique payroll companies outshine their larger, less-nimble competitors.
How Does the Baron ERC Process Work?
Baron Payroll takes pride in having developed a superb seven-step-process that functions as your own personal ERC receivable.
The Seven Steps to Successful ERCs:
- Gather Payroll Data and Required Information
- Provide Calculations to Maximize Your ERC
- Prepare and File Amended Tax Returns
- Monitor Receipt, Processing, Payout, and Reconcile with IRS
- Verify that Quarterly Refund Checks are Correct
- Back-up and Send Audit-Ready, Just-in-Case Documentation
- Respond to any ERC-Related IRS or Social Security Tax Notices
By adhering to these seven steps, Baron Payroll has established a blemish-free record of acting as a de facto ERC Accounts Receivable Department for scores of successful companies.
Best of all, we work on a contingency with a small deposit, so there’s minimal negative impact on your cash flow.
Why is Baron The Best Boutique Payroll and ERC Company?
At Baron we love what we do. Our mission is defined by an unquenchable desire to make your business more profitable, less stressful, and to exceed your expectations in ways you never imagined possible.
We measure our success based on your satisfaction. We believe another key to maximizing your satisfaction is through impeccable customer service. When you call, we answer.
Baron Payroll’s ERC Resource Center
Ready to get setup your own ERC Accounts Receivable Company? Contact us at Baron Payroll to learn more about Employee Retention Credits, and all other payroll issues.
