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Hello and welcome to Podiatry 
practice Mastery. 

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My name is Don. 
Hell toe and I have mr. 

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Wes Wessel here. 
West welcome. 

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Welcome to the show. 
Thank you. 

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You're welcome to be here. 
So today we're going to be 

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talking a little bit about this.
This this thing I've really 

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never heard of and I consider 
myself up it's called earned 

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retention credit or ERC. 
Tell me a little bit about about

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what this is. 
And they may recall years ago. 

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During the pandemic, the 
Congress passed the law and they

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had the payroll protection plan,
the PPP, which was largely 

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handled by Banks. 
They also put 400 billion 

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dollars aside from the employer 
retention credit and it's 

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where's aimed at small 
businesses for that retain their

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employees during 20 and 21. 
So originally, it was for 

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companies with less than 100 
people. 

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That had a loss of Revenue of % 
/ 2019. 

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And that did not take p p p. 
So nobody qualified. 

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So then in 2021, they raise the 
bar to 500 employees and the 

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only Lord the revenue 
requirement by 20% and still 

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nobody qualified. 
So at the end of twenty 

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Twenty-One they changed the 
rules and said okay it took PPP 

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you could qualify for this and 
you could qualify based on 

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supply chain or disruption 
stuff. 

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So, how would think every 
Predators out there would 

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qualify based on a lot of the 
things are, elective, surgeries 

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and hospitals, and mandates were
changing the rules and the way 

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they could run their practices. 
And the reward is for 2020, it's

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5,000 per employee for one 
quarter and it's 7,000 per 

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employee in 2021 for 3/4 or a 
total of twenty six thousand 

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that was before while you could 
still Sure, PPP money. 

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When they change the rules. 
They allowed you to use, PPP 

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people are averaging about 15 
thousand dollars per employee. 

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So a practice with 10 employees 
would generate about 150 to 160 

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thousand dollars in in tax 
refund and it's actually a 

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refund of payroll taxes and some
of payroll that gets credited 

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back to your account. 
So what we do is ERC specialist 

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is as Specialty CPA firm that 
processes, these complicated tax

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returns. 
So we have a survey that we can 

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send out to you. 
You can do the survey and simply

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upload your payroll documents 
for those years for 2020, and 

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2021, your 940 ones and, and 
payroll report. 

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And this company will process 
the, the amended return and get 

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it, ready for filing and send it
to you with the exact amount of 

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the fine. 
And then the each doctor or each

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office can elect to either pay a
fee of 15 percent when they get 

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the money, if they don't ever 
get any money, they never pay a 

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dime and or they can pay 10% 
when they file and get a, just a

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third reduction on the cost of 
it. 

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And the money that comes from 
the IRS is not taxable except 

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that they have to go back and 
amend their 1040 return to 

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reflect the fact that they lost 
a deduction for whatever 

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quarter, they get the money in. 
So it's it's but the money is 

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not taxable when I first had 
been a financial professional 

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for 50-plus years. 
When I first saw this I thought 

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this is too good to be true, 
which most people when they hear

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about it, they think it is that 
it is true. 

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We're seeing tens of millions of
dollars come back. 

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You know, some companies, 
getting a million to 3 million. 

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Dollars coming back from this 
retention credit, just really 

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amazing. 
The only risk in this whole deal

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is not apply because it is. 
If you don't apply, you probably

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won't pay you for sure. 
You won't get any money back, 

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but if you do, there's a good 
chance. 

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You'll get a substantial sum of 
money for your credit union. 

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In West, I think someone would 
be not applying the second one 

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would be doing it yourself, 
right? 

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Because if you do it the wrong 
way, because it's kind of hard 

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to do it on your own, right? 
It is and your C specialist is 

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getting 20 to 50% more money 
back than even CPA firms. 

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That are not, you know, 
accustomed to following this. 

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This is a 941 Lane type deal, 
not a 1040 and most CPAs are in 

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the 1040 Lane and so they're 
not, you know, I've had some CPA

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firms that to use us as a back 
office and we do all the 

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processing or them and the 
process is pretty largely 

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automated to. 
So it makes it Good. 

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No, explain it just kind of 
simplify it now so that the 

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doctors they have their own 
practice. 

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Do they have to, like think if 
they've had a reduction in x 

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amount of dollars to even apply 
for this or can just everyone 

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apply and you don't have to 
think of anything prior to 

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applying. 
How does that, how does that 

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work? 
What's what do I have to think 

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of love to go? 
Because it for me? 

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Okay, Don, you have to go look 
at your numbers, the previous 

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year's, did you drop so much 
percentage? 

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Is that what I have to do? 
Or can I just apply anyone can 

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apply well, try to create an 
example. 

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If surgeries were over ten 
percent of your practice in 

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2019, And then you were 
restricted on doing surgeries in

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2020 then essentially you're 
going to be able to qualify for 

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it based on that and then the 
other qualification would be. 

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Did you have any supply chain 
issues in terms of getting 

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supplies and things that you 
need for your practice, you can 

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get lidocaine, we can get a ton 
of stuff in her office. 

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Yeah. 
Those are the things that would 

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qualify it's a really all the 
doctor would need to do is put a

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narrative in the file of the 
thing. 

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Is that they couldn't get and 
keep that in case of an audit, 

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but the numbers part of it or 
not audible, because you're 

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going to actually submit numbers
to the IRS that they already 

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have, because you've already 
filed the report that the 940 

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ones and paid the taxes. 
So they're going to see those 

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numbers. 
They're going to say, okay, we 

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are granting this refund to you 
and they literally send the 

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office a letter and say you 
overpaid your taxes. 

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For let's say the fourth quarter
of 2012 20 and by x amount and 

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then the next week, they send a 
check out to zero out that 

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credit balance and believe it or
not, they're paying interest on 

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that money. 
And so I edit the main thing is 

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people don't know about this so 
you have to get the word out 

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because is is the door. 
Going to be closed. 

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Like how what's the is there a 
filing date like you have to do 

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it within a year or two years or
how long is? 

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It seems like the money is like 
raining, how long is it going to

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rain if the numbers were saying 
the dates or till September of 

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2025? 
Although the sooner somebody 

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applies the better, it is. 
We're seeing checks come back 

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for companies that applied in 
June and July. 

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Why some of them in early 
August? 

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They're already getting their 
money's back from the IRS, 

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there's their advertising a 
longer period of time than that 

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for some reason. 
A lot of these are coming back 

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which makes pretty people pretty
happy you know it's money that's

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on the table and I just hate to 
see anyone leave it sitting on 

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the table when they could claim 
it and let somebody else have 

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ya. 
What's your background? 

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Is it like an accounting? 
Or is it in? 

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What's your background? 
Like how did you get into? 

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Is this your company or like how
did the company? 

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It started as a company that's 
done this or just popped up 

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because of this opportunity, I'm
an affiliate of URC Specialists 

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there. 
A the 40 plus year old 

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accounting firm that when they 
saw this opportunity, they 

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staffed up. 
They have several hundred 

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employees. 
Now, that in all they do is 

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process, the ERC they process to
date that I heard this about two

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weeks ago, over five and a half 
billion on over 35,000 

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companies. 
Any time the government does 

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something like this, they have 
to have private Partners to 

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carry it all for example, when 
the they did the PPP, the bank's

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made all the loans and they 
distributed the money. 

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So now several companies have 
have stepped up and they're 

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doing the processing to do this 
course, epa's can do this but 

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we're finding probably eight out
of ten. 

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CPAs are not doing this. 
It's a pretty complicated deal 

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though. 
They're staffed to do other 

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things and they don't want to 
hire new employees. 

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Police to do this for a year or 
two and then not have worked for

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those people. 
Yeah, I and and also it's like 

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asking us to do. 
You know, we do bunion surgery 

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in you all of a sudden try to do
a different type of surgery. 

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You don't know how to do it. 
You haven't done it, you 

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probably could do it, but you 
fumble your way through it, you 

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know, same thing. 
Yeah, well good on what I see 

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the website at CRC 
specialist.com and that's the 

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website, but we're going to put 
a special code underneath this 

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video and audio for people that 
are interested, just kind of a 

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direct link but thank you for 
Explaining and everything Wes. 

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I don't have any questions, it's
pretty straightforward. 

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So thank you for your time. 
You're welcome and Mike will get

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you the exact code that you 
need. 

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Be sure that people have that 
and that we were able to help 

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them on the back end of it if 
they have questions or whatever.

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Great. 
Okay well thank you so much. 

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Thank you so much. 
Thank you. 

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Have a good. 
So let me show this website. 

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This is ERC specialist so just 
you know they didn't offer me. 

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Anything. 
I'm it's just something I 

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thought was interesting. 
I I wish I could be an affiliate

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for this but I'm not it's just 
something I didn't know existed.

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So I'm sharing with you guys. 
So here's our website. 

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So basically find out if you 
qualify, what is ERC one of our 

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specialists at an accounting 
firm and stuff like that and the

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link, I'll give you a probably 
have the same thing about begin 

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to qualify and you'll put in 
your information so it pops up 

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another Like an app where you 
put in your application stuff 

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and they've done many many 
thousand things for this. 

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It's the employee retention 
credit, which we talked about. 

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There's so much available during
this time and it's, this is a 

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refund, and it's like a credit 
versus like a loan. 

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You're not getting any money. 
So, here's our all the ones that

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they've reached. 
There's testimony. 

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That you want to listen to it 
once again. 

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I would recommend what I'm going
to do. 

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I'm going to ask my accountant. 
Hey, is this for real? 

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You want to do this or should I 
send this out with this be? 

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A good opportunity. 
So talks about how to qualify 

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and things like that. 
And some frequently asked 

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questions, do I have to repay 
it? 

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How much do you charge and 
things like that? 

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Okay, once again, hope you guys 
find this beneficial always 

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trying to help you with good 
information that you like that 

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was helpful and we're going to 
go from there once again, please

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subscribe to Podiatry. 
Practice Mastery. 

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There's a lot of tools there. 
My patient presentations, are 

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there, everything else. 
So happy to help, send any 

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messages. 
Don at Rada practice Mastery.com

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if you have any questions. 
Okay, thanks guys. 

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Don at Rada practice Mastery.com
if you have any questions. 

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Okay, thanks guys.