"This tool simplified the entire process for all of our clients, with clear, accurate answers in minutes instead of days"
Apple Volpe
Founder of Volpe Accounting Firm
How It Works
3 Easy Steps!
Optimize your ERC review with our interactive Excel workbook: automate payroll analysis, validate calculations, and ensure integrity in your reporting.
1. Paste
Payroll information into the tool.
2. Set
Quick parameters for tailored results.
3. Done
Your ERC report, ready in a flash!
Features
Easy, Instant Results
The Only Tool of Its Kind
Automate and simplify calculations while saving significant time.
Always on Target
Reduce human error. Maximize efficiency. Stay accurate.
Cost and Time Efficient
Handle multiple clients ERC claims, fast, and at low-cost.
Seamless Experience
Gain full control and view only relevant results via customizable settings for every situation.
Pricing
Start Calculating
Tool available for full use as an Excel Workbook or order individual reports created by us!
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★ Trusted by accountants
★ Dedicated and fast training
Frequently Asked Questions
What is the purpose of the ERC tool?
The tool is designed to aid in calculating the Employee Retention Credit (ERC) for PPP Loans for the years 2020 and 2021, reducing the manual labor involved and providing insights from the data input.
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What should I know before using the workbook?
The workbook assumes that all data entered by the user is current, accurate, and complete. It is an aid and not a replacement for professional advice. Users should review all data and consult tax professionals for verification.
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What data do I need to input?
You will need to input payroll details for 2020 and 2021, including employee names, paycheck dates, and amounts, as well as the specific date ranges for ERC calculations and PPP loan information.
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What happens if my needs exceed the scope described?
Should your requirements extend beyond the scope, it may be necessary to have a consultation regarding the adjustments required as an additional service.
How do I start using the tool?
The tool is 100% interactive and provides guidelines and steps for use. Relevant payroll information including, owners and relatives, PPP loan amounts and time periods are all parameters that may be set during setup.
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How does the tool handle data for different years?
The tool can sequence reporting for 2020 and set date ranges for each quarter. For 2021, it calculates ERC as 70% of eligible wages ($10k/quarter), compared to 50% for 2020 ($10k/year).
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What reports will the tool generate?
Upon proper data entry, the tool generates detailed reports for eligibility, ERC calculations for each quarter of 2020 and 2021, number of employess for each quarter, summary of ERC awards, and lists of ineligible paychecks.
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Will the tool change after purchase?
There may be changes if critical updates are required or new features are introduced at that point, SmartQ will reach out with newly a updated tool file.