USA – Engineered Tax Services founds ‘Rockerbox’ to help small business owners who have suffered economic losses due to COVID-19

Julio Gonzalez, CEO of BOKS International member firm, Engineered Tax Services, has recently founded a new company called Rockerbox. Julio set-up Rockerbox to enable CPA firms to help small business owners in the USA who have suffered economic losses during the COVID-19 pandemic by taking advantage of federal employer-based tax credits, such as Employee Retention Tax Credits (ERTC) and Work Opportunity Tax Credits (WOTC).

The ERTC is a federal tax credit introduced in the Coronavirus Aid, Relief, and Economic Security Act (CARES) Act of 2020 to reward employers for retaining employees on payroll and preventing layoffs and furlough during the economic devastation of the COVID-19 pandemic. Notably, and adding a sense of urgency to the Rockerbox undertaking, employers have until June 30, 2021, to file for these tax credits.

The WOTC, created by Section 1201 of the Small Business Job Protection Act of 1996, is a federal tax credit that allows for-profit employers to claim a tax credit against their federal income tax liabilities for hiring individuals from underrepresented groups.

Julio comments: “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.”

As per the information recently circulated by BOKS, Engineered Tax Services and Rockerbox are jointly sponsoring a webinar that may be of interest to our alliance members based in the USA or those who have clients or subsidiaries in the country on ERTC and WOTC. The event will take place this coming tomorrow, March 18, at 11:00 am (CDT).