The Employee Retention Credit With Kenny Dettman – GMB Ep 185
This week’s episode of Grow Money Business is all about the employee retention credit, and features Kenneth Dettman, the CEO and Managing Director at EZ-ERC. He is a highly technical CPA with extensive "big consulting" tax advisory experience. He is known as a pioneer in the Employee Retention Credit (ERC) industry, having successfully sourced and underwritten one of the first ERC tax insurance policies in the country. Kenneth was recently named an official member of the Forbes Business Council. He joined us today to talk about the ins and outs of the employee retention tax credit, who qualifies and who doesn’t, how much the credit is, and what to look for if you’re considering filing a claim yourself.
Show Notes
[02:40] Kenneth’s story – Kenneth shares his career journey, starting as an income tax advisor and then building EZ-ERC.
[09:23] Paycheck Protection Program – Kenneth explains why you are not allowed to have both a PPP loan and the employee retention credit at the same time.
[21:53] Partial Suspension – Kenneth defines partial suspension.
[38:45] The Reasonable Cause Standard – Grant and Kenneth discuss the reasonable cause standard.
[45:49] Handling Casework – Kenneth explains how they handle casework as practitioners when they don’t have guidance from the IRS.
[49:02] Worker Opportunity Credit – Grant and Kenneth discuss the worker opportunity credit.
Connect with Kenneth
LinkedIn – linkedin.com/in/kenneth-dettman-cpa/
Email – info@ez-erc.com
Resources
IRS opens 2023 Dirty Dozen with warning about Employee Retention Credit claims
irs.gov/newsroom/irs-opens-2023-dirty-dozen-with-warning-about-employee-retention-credit-claims-increased-scrutiny-follows-aggressive-promoters-making-offers-too-good-to-be-true
IRS issues renewed warning on Employee Retention Credit claims
irs.gov/newsroom/irs-issues-renewed-warning-on-employee-retention-credit-claims-false-claims-generate-compliance-risk-for-people-and-businesses-claiming-credit-improperly
The country’s leading expert in the Employee Retention Credit
ez-erc.com/
00:00 Introduction
09:25 Paycheck Protection Program
21:45 Partial Suspension
38:30 The Reasonable Cause Standard
49:00 Worker Opportunity Credit
