What would your business do with over $300k?
That’s the gross average payroll tax refund amount our SMB bank clients have received.
If your business kept employees on payroll during the pandemic, it may be eligible to receive up to $26k per employee through the Employee Retention Credit (ERC). The ERC is a refundable tax credit created out of the CARES Act to help SMBs. To learn more about eligibility criteria, click here.
How it Works
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Step 1
Answer a few questions about your business to determine eligibility.
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Step 2
If eligible, Innovation Refunds' team of independent tax professionals will estimate its potential refund.
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Step 3
An independent tax attorney or CPA firm like Enrst & Young (EY) will work with you to submit a claim.
Your SMB may still qualify even if:
- Your business stayed open or increased profits during COVID
- Your business received PPP loans
- Your business didn't qualify for PPP
- You've been advised that your business may not qualify
Benefits you'll love
With a network of independent tax attorneys and CPA firms like Ernst & Young (EY), our strategic partner, Innovation Refunds, can help eligible businesses claim the ERC. Plus enjoy the benefits of:
No Upfront Cost
Find out if your business may be eligible, with no upfront cost.
Full Service
A team of professionals will guide you through the entire process.
Audit Protection
In the unlikely event of an audit, Innovation Refunds' network of tax attorneys will represent you at no additional charge.
Hear from real ERC applicants
Ready to Check Your Business' Eligibility?
The period to apply for the ERC is scheduled to end. The longer you wait, the less your refund will be.
Frequently Asked Questions
The ERC is a payroll tax refund from the same COVID relief bill as the Paycheck Protection Program (PPP), which incentivized businesses that kept employees on payroll during the COVID-19 pandemic. Initially, businesses were limited in their ability to claim either PPP or ERC, but not both. However, the rules were modified, and now your business can claim ERC even if it received PPP funds.
You may qualify if your business experienced disruptions to commerce, travel, or group meetings. This includes supply chain disruptions, price increases, staffing shortages, reduced operating hours, reduction in goods or services offered, and being unable to travel or attend business conventions.
Time is of the essence – we all know that government-funded programs are subject to change. As of today, you can claim your ERC funds, but for how long remains uncertain. PPP, Restaurant Revitalization, and other support ended without notice. So don’t delay; be sure to claim your spot in line and receive the funds your business deserves with Innovation Refunds.
No. This is a refund of payroll taxes that you paid, so the money is yours.
The Paycheck Protection Program (PPP) was a forgivable loan. The Employee Retention Credit (ERC) returns the business payroll taxes they already paid.
Determining the proper amount that you’re entitled to is a complex accounting process that requires a knowledgeable and experienced professional. One of the reasons we chose IR is their independent tax attorneys and CPA firms like Ernst & Young (EY) determine, with no upfront costs, how much money your business may be eligible to receive. Unlocking these government incentives for businesses like yours is Innovation Refunds’ specialty.
There is zero upfront cost to determine your ERC assistance eligibility or to estimate your business’s refund. On average, Innovation Refunds invests 14 hours of expert CPA/Attorney time, at their expense, to determine your eligibility. You will never be charged for this time. If you decide to claim the funds, Innovation Refunds shares in a percentage of the money your business receives from the government.
In the unlikely event of an audit, our network of tax attorneys will represent you at no additional charge.
