Josh Zieglowsky has been instrumental in getting ERC potentially to a 30 Billion Dollar valuation.
Subscribe
Apple | Google | Spotify | Stitcher | iHeart
Guest Resources
ERC Specialists for Fire Nation – Find out if you qualify for the ERC Credit in just 10-15 minutes.
3 Value Bombs
1) ERC is the last COVID relief fund stimulus package available to business owners. 70-80% of business owners don’t know about it.
2) The program is meant to stimulate the economy and help business owners get back on their feet based on what happened during the pandemic.
3) ERC is something that you don’t have to pay back. It’s not a loan.
Sponsors
HubSpot: Customer expectations are at an all-time high, and making things easy is how you’ll win. Learn more about how HubSpot can help your business grow better at HubSpot.com.
Show Notes
**Click the time stamp to jump directly to that point in the episode.
Today’s Audio MASTERCLASS: Getting Business Owners 200K with the ERC Credit with Josh Zieglowsky
[1:23] – Josh shares something that he believes about becoming successful that most people disagree with.
- Take your shot. Sometimes, people don’t take their shot and don’t take risks.
[2:11] – What is the ERC credit?
- ERC is the last COVID relief fund stimulus package available to business owners. 70-80% of business owners don’t know about it.
- As long as there are W2 employees in the business, then you qualify.
[3:42] – Josh shares his backstory.
- He was in mortgages during his early 20s, then learned how to be a real estate investor and started flipping homes
- He did commercial real estate, then got in with a good mentor who taught him how to do commercial real estate on retail flex industrial, medical, and dental offices.
[5:06] – Employee Retention Credit – definition and qualifications.
- You can get up to $26k per W2 employee, $5k if you had employees during 2020.
- The biggest qualification is that you have 500 employees or less, had a 20% revenue loss or a partial shutdown, or you had a supply chain disruption.
- 80% of businesses qualify for this.
[6:23] – Josh shares an example of a client whom he worked to get the ERC credit
- One is a food prep company that got $30k-$40k. It was a game changer for the company.
- The other one was a local pizza joint that has 5 locations. Josh got them around $400k, which meant them being able to start another store.
- The program really is to re-stimulate the economy and help the business owners get back on their feet based on what happened during the pandemic.
[8:05] – A timeout to thank our sponsor!
- HubSpot: Customer expectations are at an all-time high, and making things easy is how you’ll win. Learn more about how HubSpot can help your business grow better at HubSpot.com.
[10:33] – Who qualifies for ERC?
- ERC Specialists for Fire Nation – Find out if you qualify for the ERC Credit in just 10-15 minutes.
[12:18] – Learn more about ERC.
- 90% of CPAs or tax professionals do your 1040s and your 1120s. This is a payroll credit.
- A majority of payroll companies don’t amend 941s.
- In addition to the IRS government website, you can learn more about the ERC Credit at ERC Specialists for Fire Nation.
[15:16] – Why Josh pivoted into ERC and get it out into the world.
- ERC is something that you don’t have to pay back. It’s not a loan.
[16:57] – Thank you to our sponsors!
- HubSpot: Customer expectations are at an all-time high, and making things easy is how you’ll win. Learn more about how HubSpot can help your business grow better at HubSpot.com.
Killer Resources!
1) The Common Path to Uncommon Success: JLD’s 1st traditionally published book! Over 3000 interviews with the world’s most successful Entrepreneurs compiled into a 17-step roadmap to financial freedom and fulfillment!
2) Free Podcast Course: Learn from JLD how to create and launch your podcast!
3) Podcasters’ Paradise: The #1 podcasting community in the world!
Subscribe
