Your Payroll Service does an excellent job of executing the fundamentals of paying your employees, paying your employment taxes and filing your quarterly reports.
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But computing your ERTC credits requires visibility into your P&L and PPP forgiveness applications. Not only that, but the complex requirements around eligibility and allocating ERTC credits at the employee-level while accounting for annual and quarterly qualifying wage gaps and . . . well, you can probably tell why Payroll Services are not offering to do all of this for you.
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The Payroll Services that we’ve worked with so far are happy to provide the payroll registers that we need to perform the allocations.
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And they are happy to file the Amended Form 941-X with the IRS on our client’s behalf.
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But that’s the extent of it.
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In fact, most wise Payroll Services are asking clients to sign an indemnification waiver before submitting a Form 941-X because the Payroll Service can take no responsibility for the accuracy of the ERTC credits you are claiming.
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For them to involve themselves in the intricacies of this calculation, it is a liability and beyond their scope of services.