Big picture answer: the American Rescue Plan Act of 2021 (signed March 11, 2021) authorizes up to $33,000 in refunds per employee, but that amount varies substantially based on no less than a dozen factors - timing of revenue declines, receipt of PPP loans & forgiveness, turnover of employees, etc etc.

Realistically, we expect most practice owners will receive approximately $11,500 per employee. If you receive much more than that, then it means your bottom line is still hurting substantially throughout 2021.

If you would like a ballpark estimate, check out our Dental Stimulus Maximizer Tool™. It's just ten questions and you won't need to know super specific numbers for any of the questions.

For a more precise estimate, check out our ERTC Calculator. For this, you'll need more detailed information such as quarterly revenue back to Q1 2019, headcount by quarter, and W-3 wages paid for 2020.

Want the simplest answer? Just call us at (512) 790-7880 and speak with a CPA for a no-cost assessment of your situation.

This costs you nothing out of pocket.

Our fees are based on a percentage of what we recover for you . . . and you don't even pay us until you get a refund check from the Department of Treasury.

(Did I mention how good it feels cashing a check from the Treasury that is not a result of you overpaying income taxes last year?)

Your Payroll Service does an excellent job of executing the fundamentals of paying your employees, paying your employment taxes and filing your quarterly reports.

But computing your ERTC credits requires visibility into your P&L and PPP forgiveness applications. Not only that, but the complex requirements around eligibility and allocating ERTC credits at the employee-level while accounting for annual and quarterly qualifying wage caps and . . . well, you can probably tell why Payroll Services are not offering to do all of this for you.

The Payroll Services that we’ve worked with so far are happy to provide the payroll registers that we need to perform the allocations. And they are happy to file the Amended Form 941-X with the IRS on our client’s behalf.

But that’s the extent of it.

In fact, most wise Payroll Services are asking clients to sign an indemnification waiver before submitting a Form 941-X because the Payroll Service can take no responsibility for the accuracy of the ERTC credits you are claiming.

For them to involve themselves in the intricacies of this calculation, it is a liability and beyond their scope of services.

GP's, just because your dental license permits you to offer orthodontics doesn't mean you should figure out how to treatment plan orthodontics in your spare time. And especially not when it is the only time you'll ever do it. And . . . "spare time" . . . really? Who has that?

The same can be said for the CPA that handles your income taxes. He or she most likely only prepares your Federal and State Income Tax Returns. However, ERTC credits are claimed against Employment Taxes on Form 941, which is often handled by your payroll service.

The complexity of the ERTC program is a beast unto itself and every tax accountant we’ve talked to has said they are focused on income taxes and "they'll figure this out later".

Let's face it, your CPA is already in a crunch for time getting returns prepared. They are short-staffed (like most businesses) and it will be many months before they have time to "figure this out".

Preserve your relationship with your CPA, avoid putting them in the awkward position of "is it done yet?" and let our ERTC experts get the job done right the first time, and quickly.