Top 5 reasons payroll companies recommend that clients file ERTC with BGP
Imagine watching the finish line of a marathon with runners effortlessly sprinting through the ribbon.
Like the “filing” of an ERTC claim, the finish line belies the vast amount of skill, knowledge and work necessary to get to that point. Payroll companies can certainly handle the filing, but they recommend clients to BGP so we can help with everything else.
Payroll companies provide reliable processes designed to enable HR staff to pay employees, collect taxes and remit routine filings necessary to compute withholdings.
Payroll companies recommend their clients to BGP because:
They understand that the ERTC is a special, one-time emergency relief program and that specialized consulting skills are necessary to prove eligibility. What’s more, while routine filings are virtually 100% e-filed,
The ERTC must be performed in paper and they are not sufficiently staffed to handle the case hold creating possible reputational damage with long delays.
While a lot of data required is available in the payroll system, there are big gaps in data such as PPP amounts and dates, health benefits, etc. requiring analysis.
Further, payroll companies never traditionally examined segmented revenues, impacts on operations or have a database of 1,000’s of government orders required to substantiate claims.
Last, payroll companies do not have a CPA review each claim and sign off on it for each claim. They only employ “agents-in-fact” to submit routine filings meaning that they may not have the knowledge necessary to handle complex and client specific tax situations.
