The Remediation Program
The Remediation Program is a service offered through Silicon that aims to assist businesses in reviewing their supporting documents for compliance with the IRS guidelines regarding the Employee Retention Tax Credit.
This Service Includes:
Review of your underlying documentation to assess adherence to IRS guidelines
Review of credit calculation to assess maximization
If necessary, a consultation with an ERTC-focused tax attorney
What is the Benefit of Having Your Supporting Documents Reviewed?
IRS guidelines clearly state that an Employer is an "Eligible Employer" for the Employee Retention Tax Credit if it:
Sustained a full or partial suspension of operations limiting commerce, travel, or group meetings due to COVID-19 and orders from an appropriate governmental authority or;
Experienced a significant decline in gross receipts during 2020 or a decline in gross receipts during the first three quarters of 2021 or;
Qualified in the third or fourth quarters of 2021 as a recovery startup business.
Companies who self-prepared their ERTC claims or used a third-party provider who did NOT document the impact of the mandates on your business may benefit from obtaining more complete documentation for their files. Please reach out to our team and we will be happy to assist you.