When it comes to claiming the Employee Retention Credit (ERC), many companies turn to accounting professionals for help. But how much do accountants charge for this service?The answer depends on the company and the accountant. Generally, you can expect to pay between 20 and 30% of the amount of the ERC reimbursement for assistance with submitting the necessary documentation. This fee is usually worth it, as an experienced accountant can help you identify credits you may qualify for and even modify a statement from a previous year to apply for the credit retroactively. If you're considering working with an accountant to claim the ERC, it's important to shop around and compare fees.
Some accountants may charge a flat fee, while others may charge an hourly rate. It's also important to make sure that the accountant you choose is experienced in filing for ERCs and other tax credits. When selecting an accountant, look for someone who is familiar with your industry and has experience filing for ERCs. Ask questions about their experience and fees, and make sure they are up-to-date on all relevant tax laws. You should also ask for references from past clients. Once you've chosen an accountant, they will help you prepare the necessary paperwork and submit it to the IRS.
They will also help you track your progress and answer any questions you have about the process. In conclusion, when it comes to claiming the Employee Retention Credit, many companies turn to accounting professionals for help. The cost of this service typically ranges from 20 to 30% of the amount of the ERC reimbursement. When selecting an accountant, make sure they are experienced in filing for ERCs and other tax credits.