Are you searching for companies that can assist you with filing the ERC tax credit form? Fortunately, the top providers in this space can assist you with several things, like filling out all the necessary documents, calculating the correct amounts, and transmitting the data to the IRS.
Don't worry if you forgot about claiming the credit. Getting the Employee Retention Tax Credit and saving some much-needed funds is still possible. But why go through the trouble of doing all the leg work yourself? Instead, work with a company that knows all about ERC-related topics.
Some businesses offer fee-based assistance like filling out forms, submitting paperwork to the IRS, and doing math calculations. Remember that you stand to gain a lot, namely $26,000 per worker you retained during COVID. That can add up fast. Here are the pertinent details about the best companies to assist you with getting the ERC money you deserve.
Read on to find out the best ERC companies and who can get the job done right.
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Employee Retention Credit Companies Reviews
4.6 of 5 stars
4.3 of 5 stars
4.1 of 5 stars
3.9 of 5 stars
3.8 of 5 stars
3.6 of 5 stars
3.5 of 5 stars
Who Offers ERC-Related Assistance?
Refrain from making guesses or drowning in paperwork while trying to get the Employee Retention Credit funds you deserve. Use a qualified company with the expertise to help you claim your retroactive credit.
Remember, there are numerous ways to go when you want a top ERC funding company. Think about the following options:
- Law Firms
- Certified Public Accountants (CPAs)
- Firms That Do Payroll Taxes
- Specialists in Tax Credit Claims
- Tax-Prep Firms
There is a complicated way to claim your ERC. It's using the IRS Form 941-X, the official amended return for quarterly filers. But filling out the 941-X can be a significant pain, and computing the ERC amount is equally difficult for entrepreneurs and business owners.
Read on to see our definitive list of top-rated ERC support providers for small companies.
The 7 Best ERC Companies
These top-ranked providers make it simple to get your ERC funds. At the top of our roster are Omega Accounting Solutions, Lendio, and Innovation Refunds. They have excellent client support, rapid processing, and much else to help business owners retroactively obtain their Employee Retention Tax Credit.
4.3 of 5 stars
The company specializes in ERC tax refunds and has long experience obtaining the maximum amounts for clients. The team at ERC Specialists has a deep understanding of the ERC program's workings as well as the field of payroll taxation. Their application is fast and simple, and it removes the guessing factor from applying for ERC tax refunds.
Note: ERC specialists uses a back office partner firm called LINQQS. When you click the link to start an ERC evaluation, you will see a LINQQS qualification form.
Pros
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ERC Specialists Refund Process
The company uses a five-step procedure. First, fill out their on-site questionnaire to see whether you qualify. Then submit basic data along with payroll records regarding PPP loans if applicable. After analysis and review by the ERC Specialists' team, you'll wait about 2 or 3 weeks for the documents to be analyzed. They'll send papers for you to sign for the final submission. They'll file everything with the IRS and communicate with the government during the process.
ERC Specialists Pricing
Eligibility determination is free. If you qualify, ERC Specialists charges between 10% and 15% of the refund amount as their fee, which is the industry standard. You get the 10% rate by paying in advance, but that amount is refundable if the IRS withholds your refund for any reason.
ERC Specialists Refund Processing Time
It usually takes between 2 and 8 months to process an ERC refund application. However, that delay is primarily the result of IRS backlogs.
Why We Selected ERC Specialists
The ERC Specialists team does one thing: they maximize their clients' ERC refunds. The company states that they can usually get between 20% and 40% more than their competitors in terms of ERC refund amounts for clients because they specialize in refunds alone.
Note: ERC specialists uses a back office partner firm called LINQQS. When you click the link to start an ERC evaluation, you will see a LINQQS qualification form.
4.3 of 5 stars
Omega Accounting Solutions is the best ERC company on the list. They offer bridge loans, which make up for their potentially year-long processing time for customer refunds. They've already helped more than 2 thousand customers and offer advances on refund amounts so businesses can get instant access to cash flow when needed.
Pros
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Omega Accounting ERC Refund Process
Step one for clients is to utilize the short online form to apply. After about 10 minutes, a rep will contact you, and if you qualify to receive an ERC tax refund, the next move is to upload documents and info via their secure web portal. After they receive everything, Omega's team members will start working on your amended return quarterly filing. The last step is getting your payment in the form of a check from the IRS.
Omega Accounting Solution Pricing
You'll need to contact an Omega rep for pricing info because they don't publish their ERC refund costs online.
Omega Accounting Solutions Refund Processing Time
The goal of Omega's reps is to get customer ERC refunds as soon as they can, which is the case with all the top providers in this space. But even with their dedication to speed, IRS-related delays can mean you don't see the money for up to a full year. But because Omega offers bridge loans for ERC filers, it's possible to gain access to cash quickly. Interested customers should contact an Omega rep for more information about getting a bridge loan.
Why We Chose Omega Accounting
Omega Accounting Solutions offers clients a workaround for slow IRS processing times through bridge loans. So, instead of waiting a year, getting instant access to the cash is possible. For small businesses that qualify, an ERC bridge loan is an efficient way to get financial relief in a streamlined manner.
4.1 of 5 stars
Besides offering their customers a fast and simple way to claim ERC tax money, ERC Today's team charges no fees to find out if you qualify for a refund in the first place. They work fast to get your paperwork to the IRS. The client portal is safe to use, and there is dedicated customer support available. Those are just some of the reasons this company receives uniformly high marks from its many clients.
Pros
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ERC Today Refund Process
You can upload data via a completely secure portal after filling out a fast application at the ERC Today site. After uploading Form 941, your specific payroll info, and PPP loan docs, ERC Today will figure out the dollar amount of your potential tax credit. The company will then amend and file your Form 941-X. After that, everything goes to the IRS, and you get a refund check via mail after processing.
ERC Today Pricing
There's a free initial eligibility analysis, and if you choose to use ERC Today, they keep a percentage of the amount of the refund for their fee. The company does not reveal its pricing structure.
ERC Today Refund Processing Time
While the total time varies greatly, ERC Today has done the job in 2 weeks or less. Note that the IRS also takes an additional 4.5 months in most cases.
Why We Selected ERC Today
ERC Today is efficient when processing ERC documents and has filed some claims in about one week, which is a high point in the industry for accuracy and speed.
3.9 of 5 stars
For business owners who want to not only claim an ERC refund but also want assistance with other kinds of tax credits, Stenson Tamaddon can get the job done. For instance, they can estimate your eligibility for Work Opportunity Tax Credits, R&D Tax Credits, and more. So far, the company has gotten upwards of $3.4 billion for more than 4,000 customers and is happy to work with your business to see whether you qualify for tax credits.
Pros
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Stentam ERC Refund Process
Stenson Tamaddon has a brief form to get started. Then, a company rep will contact you to check your qualification status. If you are eligible, they'll explain the documentation process via a secure portal. Once they get all the information, they'll amend your returns and file the refund application. From there, you wait to get a check in the mail.
Stentam Pricing
Contact Stenson Tamaddon for pricing, as they disclose nothing about the subject online. They have a form that is secure for customers who want to begin.
Stentam Refund Processing Time
It can take up to a full year to get ERC money from the IRS. However, Stenson Tamaddon does not reveal their internal processing time for ERC filings. You must contact the company for details.
Why We Selected Stentam
Stenson Tamaddon can identify other tax credits besides ERC refunds for their clients. In addition to potentially thousands from the ERC credit, businesses can claim the R&D credit for up to $250,000 and the Work Opportunity Credit for up to $9,600 per eligible worker.
3.8 of 5 stars
Lendio is well-known for offering loans to small businesses. Still, they also feature a straightforward marketplace method for ERC funding so users get matched and receive the appropriate support based on their business operations.
Pros
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Lendio ERC Refund Process
Prospective customers only need to fill out a short application on the company's main website to get going with the Lendio refund program for ERC. That way, business owners can quickly determine whether they are eligible for ERC tax credits. For those who qualify, Lendio will assign a dedicated partner for the ERC process who assists with all aspects of the application.
All the steps are entirely simplified, so submitting tax forms and related documentation is simple. You are fully informed at every point in the process. According to Lendio, the vast majority of applications take about 25 days to file. After processing, applicants get their IRS refunds.
Lendio Pricing
To find out if you are eligible for an ERC refund, there are no Lendio fees. When your app reaches the IRS processing stage, you will pay Lendio for help. There's a 15% fee, payable to Lendio, after processing.
Lendio Refund Processing Time
It usually takes between 2 and 8 months for Lendio to process an ERC refund application. However, that delay is primarily the result of IRS backlogs.
Why We Selected Lendio
The Lendio team of professionals, the simple application process, and the ease with which people get their refunds are why we chose Lendio. However, the company does even better when it comes to keeping rates reasonable and competitive, with a 15% charge for ERC refunds. Plus, the company's platform offers other variations of business funding for interested parties.
3.6 of 5 stars
Not only does Paychex offer ERC tax refund help, but it also is known for its experience as a payroll provider. They offer a no-cost eligibility assessment for ERC customers and provide a detailed report on each ERC filing that shows all the math calculations. They also perform tax filing and form preparation. Even non-customers can speak with a Paychex representative to get additional information about refund processing for ERC tax credits.
Pros
Cons
Paychex ERC Refund Process
Prospective customers must contact the company to find out how the ERC filing process works, as Paychex offers no public information online.
Paychex Pricing
While Paychex offers a no-cost eligibility analysis, no fees are disclosed regarding the ERC refunds. Plus, it's necessary to be a Paychex payroll subscriber to get help with ERC tax credit filings.
Paychex Refund Processing Time
The company offers no public info about its ERC processing timeline. However, it's typical to wait between 4 and 12 months due to IRS case backlogs.
Why We Selected Paychex
If you already have their payroll, Paychex is a competent in-house alternative. They have won awards, and they have teamed customers with ERC tax refund specialists from the beginning. Businesses can get one-stop help with ERC filing, tax prep, payroll tasks, and HR.
3.5 of 5 stars
There's a dedicated ERC refund customer-support specialist for every Innovation Refunds client. Their team consists of CPAs as well as taxation lawyers. The company offers top-notch refund assistance for ERC cases, with submission assistance, audit support, and help to find out if your business qualifies for the ERC tax credit.
Pros
Cons
Innovation Refunds ERC Refund Process
The qualifying process takes no more than 10 minutes. Then, you submit the necessary claim documentation after providing basic qualification info and business data. Once the company has all your information, they'll file the ERC claim.
Innovation Refunds Pricing
Innovation Refunds gives no-cost refund analysis. From there, for businesses that go forward, there are zero out-of-pocket charges, and all fees are fully transparent. The ERC refund fee is 25%.
Innovation Refunds Processing Time
While the time range can be longer or shorter, Innovation Refunds typically need between 4 and 5 months to process refunds, which is based on the average IRS timeline.
Why We Selected Innovation Refunds
To make certain that all claims are filed fast and precisely, Innovation Refunds uses dedicated customer-support agents from the beginning to the end of the process. We also selected their company because of the availability of tax attorneys on potential IRS audits and total audit protection for customers.
What to Consider When Choosing an ERC Funding Provider
While there are many other reliable and competent companies that do ERC funding besides the ones on our list, it's essential to examine the following features before choosing one:
- 1Fully transparent fees
- 2Top-notch customer support
- 3A secure portal for document submission
- 4Competitive fees
- 5Reps that give you status updates on your ERC refund application
- 6A talented team that knows how the ERC program works
- 7Verified and positive customer reviews
- 8No-cost analysis so you can see if you are qualified for ERC funds
- 9An online application that is easy to use
Note: The IRS has warned owners of small companies about some non-legitimate ERC funding companies. Beware.
How do the scammers operate? For starters, they tend to make promises of unusually large ERC refunds. Plus, they are known to encourage unqualified recipients to apply for ERC money. Keep in mind that anyone who makes false claims could end up having to pay huge fees or penalties, as well as repay any money they received due to the false claim.
Make an effort to only select a reputable, legit Employee Retention Credit company. Also, double-check all the data the company submits to IRS to ensure nothing is inaccurate or falsely stated.
Final Thoughts
The smart way to proceed when selecting an ERC funding company is to only deal with totally reputable and reliable firms that know how to properly claim the ERC and avoid potential problems, penalties, fees, and legal problems. It's possible to claim the ERC on your own if you wish to keep the full amount of the refund payment, but the process is very tedious and prone to errors.
We hope this article was very helpful. If you are curious to see if you qualify for ERC, you can visit any of the company websites to start a free evaluation.
Note: If you decide to go with ERC Specialists, the number one firm, just know that they use a back office administration company called LINQQS. When you click the link to start an ERC evaluation, you will see a LINQQS qualification form.
Frequently Asked Questions
The smart way to proceed when selecting an ERC funding company is to only deal with totally reputable and reliable firms that know how to properly claim the ERC and avoid potential problems, penalties, fees, and legal problems. It's possible to claim the ERC on your own if you wish to keep the full amount of the refund payment, but the process is very tedious and prone to errors.
As of 2023, the ERC funding program is still in effect. It's possible for owners of small businesses who are eligible to file for the ERC funds via an IRS Form 941-X as long as they use it to amend their quarterly tax returns.
Alternately, these same owners can streamline the process by paying a fee to a third-party service provider who does the paperwork and submission on their behalf. There are two deadlines in effect: If you want to claim ERC funds for the year 2020, the deadline is April 15, 2024. If you want to make a claim for 2021, the deadline is April 15, 2025.
The average fee is in the range of between 15% and 25% of the refund amount you are due to receive. The general method is for the company that files for you to deduct the fee from your refund. That way, there are no upfront expenses on your part.
The expected wait time is about 12 months, as the IRS has a substantial backlog of ERC claims in the pipeline already. Note that ERC funding firms can add several weeks to the total time it takes to get your money because they need time to fill out and transmit your claim to the IRS.
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