ERC is a refundable payroll tax credit. Born out of the same CARES Act as PPP, it aims to provide economic relief for small and medium businesses that retained employees during the COVID-19 pandemic. Initially, eligible employers could only take either PPP or ERC. In 2021, as part of the Consolidated Appropriations Act, Congress amended this provision, allowing businesses to apply for both.

There are over 70,000 pages of tax code; it’s impossible to be an expert on them. ERC is all we do. It’s like the difference between your family doctor and a neurologist. By concentrating on this one program, our strategic partners understand the intricacies and nuances involved in determining your eligibility and accurately calculating your refunds.

To check the status of your refund, you can call the IRS directly at 1-800-829-4933. Please contact your Customer Service Team for updates throughout your refund process.

Due to the Employee Retention Credit, the IRS is currently working through a backlog of amended Form 941 filings. This means you could experience an extended wait time before you receive your refunds. A refund check will arrive in the mail approximately 4-6 months after we file your amended return.

We have worked with many clients who were told they didn’t qualify or that they only qualified for a small refund. However the chances are high that you could actually qualify for more. Our CPA’s are experts in this area and have used their expertise  to find millions of dollars in additional refunds by extending our clients’ qulification period while still thorougly and properly applying the IRS guidance. So even if you’ve already filed, we can check and see if you qualify for more. Chances are you do.

Determining the proper amount of a refund is a complex accounting process. The reimbursements are based on many factors, including qualifying quarters, number of employees, hours worked, wages paid, and, if applicable, PPP loans, group health premiums, and participation in other government programs. Although these are payroll tax credits, what you’ve paid in the payroll tax has no bearing on your ERC calculations.

As of 2022, IRS processing times for receiving your business’s refund check from the US Treasury is, on average, 4.5 months.

There are no up-front fees or obligations to receive your refund analysis. Once engaged in recovering your business’ refunds, our fee is 15%, with no hidden costs. You will never come out of pocket to pay our fee. We don’t get paid until you do. Our fee includes preparing your claims by a professional CPA or tax attorney experienced in qualifying, substantiating, calculating, and claiming ERC refunds.

Absolutely! Essential and Non-essential businesses, non-profit and tribal entities can qualify, and a decline in revenue is not required. Many of our clients even had increases in sales but still experienced disruptions or were negatively impacted.

Unlike PPP, this is not a loan. It’s money for your business, and how you use it is up to you.

For most businesses, the deadline to file amended returns for 2020 begins April 15, 2024, and April 15, 2025, for 2021.

If your business experienced disruptions to commerce, travel, or group meetings due to a government order, it might qualify! This includes supply chain disruptions, price increases, reduced hours, reduced goods or services, and the inability to travel or attend conventions. Talk to one of our Refund Specialists to find out more. It should only take about 5 minutes for us to assess if you qualify, but in general, businesses can qualify if they were affected by a government order or if their vendors, clients, customers, or suppliers were affected by a government order related to the Covid-19 shutdowns. 

PPP was a forgivable loan. ERC returns the payroll taxes that your business has already paid. Once your business receives the ERC funds from the US Treasury, it does not have to pay back the credit.