Julio Gonzalez, CEO of Engineered Tax Services, Founds Rockerbox to Alert CPA Community of Employer-Based Tax Credits
Sift through the vast and ever-changing tax incentive guidelines so that you can stay focused on growing your business.
WEST PALM BEACH, Fla., Mar. 16, 2021 /PRNewswire-PRWeb/ -- Julio Gonzalez, CEO of Engineered Tax Services, recently became the founder of a new company called Rockerbox, which will enable CPA firms to help small business owners who have suffered economic losses during the COVID-19 pandemic take advantage of federal employer-based tax credits such as Employee Retention Tax Credits (ERTC) and Work Opportunity Tax Credits (WOTC).
Adding urgency to Rockerbox's mission is the fact that eligible employers only have until June 30, 2021 to claim the ERTC tax credit on wages paid to employees they retained through the crisis.
Employee Retention Tax Credits were created to reward employers for retaining employees during the pandemic crisis. Under the new law, employers who received Paycheck Protection Program (PPP) loans can claim employee retention credit for qualified wages not treated as payroll costs to obtain forgiveness of their PPP loan. But employers only have until June 30, 2021 to file for these tax credits.
Created in 1996, the Work Opportunity Tax Credit is a federal tax credit available to employers for hiring individuals from certain targeted groups that have consistently faced significant barriers to employment. It's designed for businesses that hire hourly-wage candidates and experience at least 20% annual turnover. Its goal is to incentivize workplace diversity and provide access to solid opportunities for American workers.
"I founded Rockerbox so that CPAs could help America's struggling small businesses reap the benefits of employer-based tax credits," said Julio Gonzalez, a nationally recognized tax reform expert. "It's especially important for small business owners to understand they only have a few months left to claim Employee Retention Tax Credits. Our relationship with Rockerbox will allow us to better assist our clients with the ERTC, and we expect Rockerbox to benefit a great deal from CPA firms referring ERTC business. With small businesses under siege during the pandemic, they need all the tax relief they can get, and I'm happy to be a part of it."
On March 18, Engineered Tax Services and Rockerbox are jointly sponsoring a webinar to educate CPAs firm on the closing window for Employee Retention Tax Credits and the benefits of Work Opportunity Tax Credits.
About Engineered Tax Services
Engineered Tax Services is one of the country's only professionally licensed engineering firms that provides best-in-class specialty tax services to CPAs, their clients, architects, engineers, and other professional service firms. With over 20 years in business and its team of CPAs, tax attorneys, and engineers, ETS helps clients add value to their client relationships by providing sophisticated strategies like cost segregation, research and development tax credits, and other specialized credits and incentives, allowing them to retain more working capital and drive profitability. It has met with the highest level of success under IRS scrutiny, coupled with the highest possible tax savings of any provider in its industry.
Media Contact
Jamilette Alvarez, Engineered Tax Services, 5612536640, [email protected]
SOURCE Engineered Tax Services
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