What is the Employee Retention Credit (ERC)?

A Federal Incentive for Businesses

The ERC is a federal incentive for businesses that kept employees on payroll during the pandemic. A recent regulation change means that even if you received PPP, you could also receive the ERC.

It was born out of the CARES Act. The same relief bill that created PPP loans also created the ERC.

It is designed to reward businesses who kept employees on payroll during 2020 and 2021. The qualification criteria is straightforward, and an ERC tax specialist will help you gather the correct documentation.

Check Your Eligibility Today!

Man and Woman Business Owners

The Rules have Changed

The ERC provisions have significantly changed since the program’s inception. Many business owners are prematurely disqualifying themselves due to misinformation and rumors about who qualifies.

This payroll tax refund is currently available to both essential and non-essential businesses in any industry that was impacted by the pandemic.

With this refund, you can cover operating expenses, grow your business, hire quality talent, pay off debt, or build a safety net.

Good news, Innovative Tax Group helps you simplify the process, so you can discover if your business qualifies. Assisting you in claiming the capital that’s yours.

Check Your Eligibility Today!

Frequently Asked Questions

How is ERC different from PPP?

PPP was a forgivable loan. The ERC returns the payroll taxes that your business has already paid.

Why haven't I heard about ERC before?

While PPP loans were heavily marketed, the ERC is claimed directly through the US Treasury, and not well-publicized.

Why can't my CPA do this for me?

There are over 70,000 pages of tax code; it’s impossible to be an expert on all of them. ERC is all we do. By concentrating on this one program, we understand the intricacies and nuances involved to determine your eligibility and accurately calculate your refund.

How do I know if my business qualifies?

Most small and medium businesses that were impacted by government COVID mandates qualify. If your business experienced disruptions to commerce, travel, or meetings, you qualify! This includes supply chain disruptions, price increases, staffing shortages, difficulty hiring, reduced hours, reduction in goods or services offered, were unable to travel, or attend conventions. Talk to one of our ERC Tax Specialists to find out more.

What if we wait to claim the ERC?

Time is of the essence as the program has technically expired. We have a limited window of time to claim your money, which is rightfully owed to you.

Do I have to pay this back?

While this refund may be considered taxable income, it can be used however your business wants.

My business was profitable or deemed essential, can I still qualify?

Yes! Both Essential and non-essential businesses alike can qualify, and a decline in revenue is not required. Many of our clients had increases in sales, but still experienced disruptions or were negatively impacted by the pandemic.

What is your fee and when do we pay it?

There are no up-front fees or obligations in the qualifying process. We’re paid only when you receive your refund checks. Once Innovative Tax Group successfully recovers money for your business, there is a success fee of 25%, with no hidden costs, and is 100% tax deductible. Our fee includes oversight of your claims by a licensed CPA or Tax Attorney with experience in qualifying, substantiating, calculating, and claiming ERC refunds.

How long will it take to get my refund?

Our work will be completed within 30 days of receiving all of your documents. You’ll receive refund checks from the US Treasury in 5-8 months depending upon backlog. The longer you wait, the longer it will take!

How is the refund calculated?

Determining the proper amount that your business is entitled to is a complex accounting process. Although these are payroll tax credits, what you’ve paid in payroll tax is only part of the ERC calculations. The refunds 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 to name a few.

But I've been told my business does not qualify.

Our team has already recovered over hundreds of thousands of dollars in refunds for thousands of businesses. Many times, for companies who were previously told they didn’t qualify. It won’t cost you a penny to see what we can do for your business.

Check Your Eligibility Today!