PEACE OF MIND FOR THE CONSTRUCTION INDUSTRY
ERTC for the Construction Industry: Verity Provides Audit Ready Reports For Your Business
At Verity, we’re the experts when it comes to ERTC for the construction industry. We’ll give you the blueprint to success with our audit-ready deliverables and extensive research. Plus, we understand the importance of personal attention. We won’t just prepare your tax credits, we’ll get to know you and your business so we can maximize your claim.
VERITY has generated ERTC for Construction Industry Clients Just Like You
“We worked with multiple VERITY team members from sales to delivery, and all were very professional. We were impressed by the level of detail and thoroughness of the audit support packages.”
Will you be ready for ERTC audits?
Because of the aggressive and inaccurate claims made by “ERC Mills”, the IRS has issued several warnings about being sure that your ERC credits are able to be verified. It’s important for businesses to be aware of the issue and take necessary precautions to ensure their ERC claims are valid. If audited, the IRS will demand detailed documentation and proof of compliance relating to qualification methodologies used, wages, PPP, other tax credits, and tax aggregation/attribution rules, among others.
Our tax credit experts have over twenty years of experience preparing and supporting tax incentives for some of the nations largest businesses. Verity Tax Credits is here to help you navigate the complex world of ERC claims and deliver audit-ready reports that will give you peace of mind.
What Verity Delivers
Memos – Our Research Team builds a solid qualification case for every client. They build timelines and arguments to prove your qualifications for the ERTC.
Qualifications Summaries – Exactly how you qualify clearly laid out just as the IRS likes to see.
Qualified Wage Details – Breakdown of information on payroll by employee per quarter.
PPP Details (If Applicable) – Detail showing wages that were paid using PPP funds.
Government Orders – Location-specific Government Orders that negatively impacted your business during COVID-19.
Forms – Accurate and supportable numbers which allow you to confidently claim the tax credits that you are eligible for.
What Other Companies Deliver
Memos – Our Research Team builds a solid qualification case for every client. They build timelines and arguments to prove your qualification for the ERTC.
Qualifications Summaries – Exactly how you qualify clearly laid out just as the IRS likes to see.
Qualified Wage Details – Breakdown of information on payroll by employee per quarter
PPP Details (If Applicable) – Detail showing wages that were paid using PPP Funds.
Government Orders – Location-specific Government Orders that negatively impacted your business during COVID-19.
Forms – Prefilled tax forms with unverifiable accuracy ready for you to submit to the IRS.
Contact US
Please fill out our simple, one-minute form to learn more about how you qualify for ERC.
The Verity Blueprint:
Qualify
Establish Eligibility
The Verity team will review your documentation to see if your business had the necessary decline in gross receipts or conduct the necessary research to ensure that your business meet the IRS requirements for a full or partial suspension of operations.
Documentation
Calculate Credit
We know that the ERTC for the construction industry can be confusing and time-consuming. That’s why our team is dedicated to making sure you maximize your credit. We categorize your
qualified wages, analyze and research potential shut-down opportunities, calculate your credit, and make sure that your numbers are meticulously accurate.
Results
Obtain Refund
Verity will work with you to ensure that credits are accurately filed. We will guide you through the process of obtaining updates from the IRS until you have received your benefit.
ERTC FOR CONSTRUCTION BUSINESSES BEGINS TO EXPIRE APRIL 2024
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What is ERC?
The CARES Act of 2020 created the Employee Retention Credit (ERC) at the same time it enacted the Paycheck Protection Program. This lesser-known incentive has proven to be a significant opportunity for businesses of all sizes. The ERC allows businesses to recover costs associated with keeping employees on payroll during hardships related to COVID-19.
RECOVER WAGES
The ERC allows qualified employers to recover wages and health plan expenses incurred during COVID-19.
Max Per Employee
Employers are eligible to claim up to $26,000 per employee
2020
For 2020 periods, businesses can recover 50% of qualified wages, up to $5,000 per employee
2021
For 2021 periods, businesses can recover 70% of qualified wages, up to $7,000 per employee, per quarter
Two ways your business can qualify for the ERTC for the Construction Industry
1. Significant Decline in Gross Receipts
If an employer’s gross receipts for a 2020 calendar quarter were below 50% of the comparable quarter in 2019, or for a 2021 calendar quarter were below 20% of the comparable quarter in 2019.
2. Full or Partial Suspension by Government Order
The business has been fully or partially suspended by government order due to COVID-19 during the 2020/2021 quarters.
Some of the ways that construction businesses are qualifying:
- Supply Chain Disturbances
- Travel Restrictions
- Job-site Shutdowns
- Customer or Vendor Restrictions
- Social Distancing Requirements
- Permitting issues
Gourmet Advisory Services
I have and will continue to give Verity every referral I can. Jeremiah is such a pleasant, polished professional. The results were better than we imagined. Verity is the team to go with every time.
Lori Bluberg
Westminster Presbyterian Church
“Working with the Verity team was efficient. They were clear on what they needed and how the data needed to be configured so they could work with it. All on the team were extremely pleasant and professional. Our positive results speaks for itself!”
Terry Monahan, Business Administrator
Pennsylvania Mineral Services
“I was very happy with the work of VERITY. They were very efficient in getting our company tax credits that were higher than my expectations. I would recommend them to anyone.”
Jack Pisarcik, Owner
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