JWC Employee Retention Tax Credit Advisory CPA was founded in March 2021 after passage of the Consolidated Appropriations Act signed into law December 27, 2020.
This law changed eligibility provisions in the CARES Act that opened up practice owners to a whole new round of economic stimulus.
Our founder, Jace W Campbell, CPA (licensed in Texas since 2010), began his career as an auditor at PricewaterhouseCoopers LLP and Grant Thornton LLP. His clients included those from a diverse range of industries, including Dell Corporation, RadioShack, and DR Horton Homebuilders among others.
After eight years in public accounting, Mr. Campbell founded two other start-ups - Focus & Scale, a marketing consultancy, and the ClearSmile Network, a dental practice development firm. While overseeing these startups in early 2021, he began conversations with current clients about the new stimulus legislation.
Mr. Campbell's clients were receiving incomplete and inaccurate advice from their typical financial advisors - such as bookkeepers, bankers, payroll services, and their tax accountant.
When the American Rescue Plan Act of 2021 was passed in March 2021, Mr. Campbell saw an even greater opportunity for his existing consulting clients to claim more stimulus funds . . . and yet no one was rolling up their sleeves and finding this unclaimed stimulus money.
None of your typical advisors have become experts in the multiple layers of stimulus legislation.
Some funding is available through the Small Business Administration, while other funding is available through the Internal Revenue Service.
Relatively straight-forward calculations like the Payroll Protection Program are receiving all the attention from bankers who are incentivized to originate PPP loans.
While more complex computations such as the Employee Retention Tax Credits are generally avoided so at to not run afoul of double-dipping rules and the liability that an advisor may incur by not properly applying the Internal Revenue Code. (Tip of the cap to these advisors for not steering you into trouble, but the law changes so quickly that most are not aware of all the updated legislation.)
Large DSO's that could have the resources to find every last dollar, likely don't qualify for much of this stimulus money.
And practices who should qualify based on headcount and revenue, likely don't have the internal expertise.
What began as minor tax assistance for current dental consulting clients has since expanded to fill a gap in the market for dental practices across the country.
After seeing the volume of payroll data and complexity of assigning tax credits at the per-employee level, it was evident that most businesses couldn't claim these credits without bringing a CPA on staff focused soley on this.
And once we saw our first refund claim for $1,519,662 . . . that's when we knew our mission was larger than just our current clients . . . because every practice owner deserves to claim these refunds that are legally theirs.
We're so confident in our ability to find you at least $10,000 in unclaimed stimulus, that we'll pay you $500 if our tool says you should be owed at least $10,000 and then we can't find it upon further examination.
To qualify, just complete the ten questions in our Dental Stimulus Maximizer™ tool.
Questions? Feel free to call us at (512) 790-7880 or email us at email@example.com.
JWC Employee Retention Tax Credit Advisory CPA, LLC is a registered CPA firm in the state of Texas.