Have you ever delivered such good news to a client — that they literally fell out of their chair?? That’s what happened when Sam Brotman told his client that her business would qualify for a $300,000 Employee Retention Credit under the CARES Act.
Another small business owner broke into tears when Sam got her a $90,000 credit for her small automotive repair shop. Many business owners don’t know about the ERC or they’ve received bad professional advice and been told they don’t qualify because they have no significant drop in revenues. Sam will provide a comprehensive look at eligibility rules for the ERC, a full (or partial) suspension of operations, the 2020 & 2021 gross receipts calculations & elections and the American Rescue Plan Act of 2021’s expansion of the ERC to recovery start-up businesses. Sam will also cover the interaction of the Paycheck Protection Program (PPP) & the ERC, partial credits, the operation of a trade/business, amended return matters, documenting via Opinion Letters, the gross receipts test, the safe harbor and establishing a reasonable defensible position.
Samuel D. Brotman is the founder of Brotman Law. His practice primarily centers on all aspects of tax litigation and criminal & civil tax controversies. Although a strong proponent of early stage tax resolution, Sam’s practice is uniquely tailored to assist clients in all phases of their tax controversy from administrative resolution of the lawsuit.