Clicks and bricks Podcast

Episode #237: Donald Cox

Donald Cox (myERTCRefund.com): Unlocking the ERTC for Small Businesses

Donald Cox helps business owners claim the Employee Retention Tax Credit (ERTC)—a powerful, often-missed IRS credit created under the CARES Act and expanded by the American Rescue Plan. If you kept W-2 employees on payroll during COVID shutdowns, Donald explains how you may qualify for up to $26,000 per employee, even if you also received PPP.

With a CPA-led process, legal research on local shutdowns, and streamlined document requests, Donald’s team turns a daunting “tax closet” into a cash-flow boost that can help stabilize, invest, or even relaunch a business.

Key Takeaways:

  • ERTC ≠ loan: It’s a refundable IRS tax credit, not like PPP; no spending restrictions on funds once received.

  • PPP still okay: You can qualify for ERTC even if you had PPP—just no double-counting the same wages.

  • Real-world results: Examples ranged from $57,080 for a small restaurant to ~$1.9M for a multi-location team; typical small-business refunds average ~$150K.

  • Who qualifies: Businesses with 5+ non-owner W-2 employees and $100K+ payroll (Q2 2020–Q3 2021). Even shuttered businesses can qualify for the periods they operated.

  • What you’ll need: Questionnaire + payroll docs (941s Q2 2020–Q4 2021, W-3 for 2019, payroll journals, P&Ls). Many can export from QuickBooks/payroll in about an hour. A “rapid rebate” option can accelerate access to funds (at a higher fee).

Catch the full story on YouTube: https://www.youtube.com/watch?v=NgnF1U5TcqU

Memorable Quote:

“It is not a loan—it’s a tax credit.”

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