The Employee Retention Credit (ERC) is an amazing opportunity for small and medium businesses to get some financial relief during post pandemic. It is a refundable payroll tax credit that can help lower the total amount of taxes you owe to the IRS, or even result in a cash payment from the IRS in addition to what you paid in payroll taxes. For eligible employers, you could potentially receive up to $26,000 in tax credits per employee, allowing you to make the most of every dollar you paid in payroll in 2020 and 2021. The Consolidated Appropriations Act of 2021 also amended the provision to allow businesses to apply for both ERC and the Paycheck Protection Program (PPP). So don't miss out on this amazing opportunity to receive some financial relief.

Applying will not affect your credit score.

Figuring out the right amount of refund you are owed can be a tricky process. It is important to remember that the amount of payroll tax you have paid is not relevant to your ERC calculations. Instead, your refund is based on a variety of factors, such as the qualifying quarters you have worked, the number of employees you have, the amount of hours worked, the wages paid, and any PPP loans, group health premiums or other government programs you may have participated in. That’s why we’ve designed our program to serve busy business owners like you.

All you need to apply is basic information about you, your business and your bank account details.

The IRS is currently facing a backlog of amended Form 941 filings due to the Employee Retention Credit. As a result, there may be a longer wait time before businesses receive their refunds. Currently, IRS processing times for refund checks from the US Treasury are estimated to be between 8 to 12 months.

Your business must be over six months old and average a minimum of $10,000 in gross monthly revenue over the last three months. You’ll also need a personal FICO credit score that’s above 535.

If you're looking for updates on your refund, you can always reach out to your Customer Service Department. Additionally, you can call the IRS directly at (877) 777-4778 to check the status of your refund. They will be able to provide you with all the information you need to know about the status of your refund.

We offer a SMB cash advance program that allows you to get your funds in as little as 5-10 business days so you don’t have to wait 8-12 months for your IRS refund to arrive.