Part of our full substantiation process includes a full review of the ERC calculations. Integral to the Employee Retention Credit (ERC) process is the determination of the ERC refund, involving the assessment of payroll journals, employer-paid healthcare, and the company's receipt of Paycheck Protection Program (PPP) funds.

Our extensive review of numerous files has revealed that a majority of them contain calculation errors, potentially causing clients significant financial losses, amounting to hundreds of thousands of dollars in some cases.

Beyond calculation inaccuracies, there is a frequent misapplication of PPP funds, which can adversely impact a client's ERC claim with the IRS.

In our process, precision is of utmost importance. We conduct meticulous reviews of calculations, ensuring the accuracy of both the calculations and the appropriate allocation of PPP funds. This commitment to accuracy is a fundamental aspect of our approach to safeguarding clients from potential financial setbacks and ensuring compliance with ERC regulations.