The Employee Retention Credit (ERC), also known as the Employee Retention Tax Credit (ERTC), is a federal program that aims to aid small and medium-sized businesses affected by the financial impact of COVID-19. The pandemic led to revenue loss and government-mandated shutdowns, which caused many businesses to struggle. The ERC is designed to support those businesses that retained their employees, experienced revenue loss, were impacted by government mandates, or began operations in 2020 or 2021.
The ERC is a refundable tax credit paid by the IRS and is separate from the Paycheck Protection Program (PPP). This credit is not a loan and does not need to be repaid. However, the ERC tax code is complex, and many eligible businesses have not claimed the refunds they are entitled to receive.
Whether your business operates in health care, hospitality, construction, arts & entertainment, or other industries,
it may qualify for the Employee Retention Credit (ERC) if it meets at least one of these criteria.
A Federal, State, or Local government shutdown order affected your business’ ability to operate in 2020 or 2021
Gross Revenues or Gross Receipts during 2020 and 2021 declined on a quarterly basis versus 2019
Business was started after Feb 15, 2020 and annual gross revenue was less than $1,000,000
Our team of CPA experts leverages every aspect of the tax code to ensure that your business receives the full refund it is entitled to.
We provide a comprehensive record of the Employee Retention Credit (ERC) calculation and the necessary supporting documentation for your reference.
With decades of experience in finance, accounting, payroll, and tax credits, the Accelerate Tax team is well-equipped to assist businesses in maximizing their tax credits.
Our utilization of the latest technologies ensures that your tax return is processed with speed and accuracy.
Our team of experienced professionals is always available to address your inquiries and optimize your credit benefits.
Eligible businesses can receive their Employee Retention Credit (ERC) cash refund in as little as five business days.
Our experts analyze your business’ existing financials. We do all the work.
Our expert team works to maximize your ERC cash refund.
We create the necessary IRS filings and review them with you for final sign-off.
Your filings are submitted to the IRS and your ERC cash refund is delivered to your bank account
Accelerate Tax is a specialty firm that focuses exclusively on helping businesses maximize their ERC tax refunds. Eligible businesses can also receive their tax refunds upfront without waiting.
It can take anywhere from several months to over a year to receive your refund check. Accelerate Tax can help your business get your refund immediately, however. Be sure to ask one of our specialists how.
Unlike the Paycheck Protection Program (PPP), most banks and financial institutions are not participating, and many accountants are excluded because of the complexity for determining qualification and credit size
If your business qualifies for our advance payment option, you could receive your refund check within a few days.
The ERC guidelines created by the IRS are over 200 pages long and have changed many times. Our CPAs specialize in the ERC and can help clients receive 15-25% more money than other firms.