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Sagemont Tax brings a leadership team of former “Big 4” firms and top consulting professionals that are credentialed and tenured, with decades of experience in both advising taxpayers on complex tax transactions and tax positions, as well as representing clients in front of the IRS.

How Private Clubs Can Maximize the ERC through Food & Beverage Restrictions

How Private Clubs Can Maximize the ERC through Food & Beverage Restrictions

Overview While most private club managers or operators have previously evaluated the merits of the Employee Retention Credit (ERC) for…

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Limited Time Left to Claim Overlooked COVID-19 Tax Credit for Businesses Established in 2020 and 2021

Limited Time Left to Claim Overlooked COVID-19 Tax Credit for Businesses Established in 2020 and 2021

Did your company begin operations between February 15, 2020, and December 31, 2021? Did your business also have W-2 payroll…

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IRS Announces Moratorium on Processing of New Employee Retention Credit Claims

IRS Announces Moratorium on Processing of New Employee Retention Credit Claims

On September 14th the Internal Revenue Service (“IRS”) announced a moratorium on the processing of Employee Retention Credit (“ERC”) claims…

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How to Limit Your Audit Risk and Protect Your ERC Claim

How to Limit Your Audit Risk and Protect Your ERC Claim

By now, many business owners and C-suite executives have heard about the Employee Retention Credit (ERC). Released in March 2020,…

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What CPAs Need to Know About Employee Retention Credit Audits

What CPAs Need to Know About Employee Retention Credit Audits

As most CPAs already know, the Employee Retention Credit (ERC) is a federal payroll tax credit paid to businesses that…

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The Latest From Sagemont Tax’s Managing Directors; JJ Budzik, JD, Maxwell Burns, and Kyle Morabito

The Latest From Sagemont Tax’s Managing Directors; JJ Budzik, JD, Maxwell Burns, and Kyle Morabito

The latest trending questions answered by Sagemont Tax’s Managing Directors; JJ Budzik, JD, Maxwell Burns, and Kyle Morabito. Does the…

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Received your ERC funds? Here’s what to do next.

Received your ERC funds? Here’s what to do next.

1. Will claiming the Employee Retention Credit create taxable income (or reduce a loss)?  Yes. IRS Notice 2021-20 provides that…

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How a Second Look Can Increase Your Employee Retention Credit

How a Second Look Can Increase Your Employee Retention Credit

Whether you already filed for the Employee Retention Credit (ERC) or didn’t file certain quarters because you believed your organization…

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ERC Expert vs. CPA: Which Professional is a Better Fit for ERC Filings?

ERC Expert vs. CPA: Which Professional is a Better Fit for ERC Filings?

With all the misconceptions surrounding the Employee Retention Credit (ERC), employers are understandably overwhelmed by the idea of applying for…

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The Moral Hazard of Working with an “Employee Retention Credit Mill”

The Moral Hazard of Working with an “Employee Retention Credit Mill”

The increasing popularity of the Employee Retention Credit (ERC) has led to the proliferation of newly minted ERC service providers…

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FAQs about the Employee Retention Credit, ERC Tax Insurance, and IRS Substantiation Requirements

FAQs about the Employee Retention Credit, ERC Tax Insurance, and IRS Substantiation Requirements

In March 2020, the Employee Retention Credit (ERC) was established to assist businesses that suffered economic impact, financial losses, or…

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How the Employee Retention Credit (ERC) Can Benefit Nonprofits

How the Employee Retention Credit (ERC) Can Benefit Nonprofits

Charitable giving reached a record high of $471 billion in 2020[1], which is an incredible testament to the work and…

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Employee Retention Credit (ERC) Scams Added to the IRS’s “Dirty Dozen”

Employee Retention Credit (ERC) Scams Added to the IRS’s “Dirty Dozen”

Business owners and managers that have or are interested in claiming the Employee Retention Credit, should carefully scrutinize any advisory…

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How Should Nonprofit Entities Account for the Employee Retention Credit (ERC)?

How Should Nonprofit Entities Account for the Employee Retention Credit (ERC)?

Key Takeaways: A nonprofit organization (“NPO”) may recognize Employee Retention Credit (ERC) in the year the NPO claims the ERC,…

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Leadership, Tax & ERC Advice From Sagemont Tax’s Managing Directors

Leadership, Tax & ERC Advice From Sagemont Tax’s Managing Directors

  As 2023 shapes up, what Sagemont Tax projects or milestones are you looking forward to? All of our Managing…

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6 Major Risks of Working with an Inexperienced ERC Advisor

6 Major Risks of Working with an Inexperienced ERC Advisor

In the wake of the recent increase in the popularity of the Employee Retention Credit (ERC), many business owners have…

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Sagemont Tax CEO Kenneth Dettman featured on the Twelve Minute Talk Podcast Episode; Do I qualify for an Employee Retention Credit?

Sagemont Tax CEO Kenneth Dettman featured on the Twelve Minute Talk Podcast Episode; Do I qualify for an Employee Retention Credit?

Kenneth Dettman, Sagemont Tax CEO, joins Lorena Tomasini, owner of MALM Life and Health Insurance Agency, on her podcast to…

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Reasons Your Business May Not Be Eligible for the Employer Retention Credit (“ERC”) Under a Supplier-Based Partial Suspension or OSHA Position

Reasons Your Business May Not Be Eligible for the Employer Retention Credit (“ERC”) Under a Supplier-Based Partial Suspension or OSHA Position

In a recent press release (click here), Sagemont Tax highlighted common traits to look for to identify possible “ERC mills”…

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CEO of Sagemont Tax Echoes IRS’ Warning on Predatory “ERC Mills”

CEO of Sagemont Tax Echoes IRS’ Warning on Predatory “ERC Mills”

On October 19, 2022, the Internal Revenue Service (IRS) publicly released a warning to employers “to be wary of third-parties…

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How You May be Eligible for the ERC <i>Even Without a Decline</i> in Revenue

How You May be Eligible for the ERC Even Without a Decline in Revenue

One of the most common misconceptions concerning eligibility for the Employee Retention Credit (“ERC”) relates to whether a business must…

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Sagemont Tax Myth-buster: “My company was too large for the PPP and, therefore, is too large for the ERC”

Sagemont Tax Myth-buster: “My company was too large for the PPP and, therefore, is too large for the ERC”

FALSE. One of the most enjoyable ERC myths to dispel has been that the employer-size thresholds governed by the PPP…

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The ERC’s Overlooked “Alternative” Testing Quarter for a 20% Decline: Q4 2020

The ERC’s Overlooked “Alternative” Testing Quarter for a 20% Decline: Q4 2020

Under the original ERC legislation released with the CARES Act, a somewhat obscure “look-forward” rule was introduced that effectively prescribed…

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