About NEWITY
NEWITY is a nationwide small business service provider with a mission to help American entrepreneurs solve challenges and access the trusted business solutions needed to thrive. After helping 115,000 businesses with over $11.4 billion in PPP loans, NEWITY expanded its services to assist businesses with accessing the Employee Retention Credit (ERC) tax program.
The Employee Retention Credit is a payroll tax credit that allows businesses to receive up to $26,000 per employee retained in 2020 and 2021. NEWITY’s ERC Fast Track and ERC Advance programs offer the option to apply in minutes and get funded in days. The firm’s team of professionals can assist with the ERC from start to finish, including helping with filing of amended tax forms to receive the maximum available refund. It’s free to sign up with NEWITY to learn more about the ERC program, and potential eligibility to receive a cash refund from the IRS up to $26,000 per employee.
Contact NEWITY:
- Visit NEWITY’s Website
- 1123 W. Washington Blvd, Chicago, IL 60607
Employee Retention Credit (ERC) Highlights / Guidelines
NEWITY is currently focused on assisting small businesses that experienced disruptions due to COVID-19 with quickly accessing the ERC through its Fast Track or Advance programs. Businesses that received PPP loans may still be eligible to obtain a cash refund from the IRS up to $26,000 per employee. NEWITY’s experience, customer service, and technology create the most efficient and expedited path to file for the ERC.
- Receive up to $26,000 per employee in days NOT months
- The tax credit is provided as a cash refund from the IRS
- No restrictions on how you use your refund
- PPP loan recipients are eligible to apply for the ERC
- Fast and simple application process
- The ERC is NOT a loan and does NOT need to be repaid
- Low documentation application process with dedicated support
- There is no cost until you receive your refund
- Most COVID-19 disrupted businesses are eligible
The Process
LendVer did not review the entire application process for NEWITY but its website offers general steps required for approval. NEWITY is up to date on all Employee Retention Credit requirements, so its technology and dedicated support staff will be able to assist you throughout the entire process.
Pros
- NEWITY’s experience in aiding 115,000 businesses with over $11.4 billion in PPP loans has best positioned it to assist small business owners with accessing the ERC.
- There are over 10,000 different sections of the tax code and NEWITY’s tax team is solely focused on the ERC. They understand the complexities surrounding the program and can assist you in preparing and submitting your documentation to maximize your eligible credit.
- NEWITY uses cutting-edge technology and its trained staff of dozens of dedicated representatives quickly and efficiently assist small business owners with applying for the ERC.
- NEWITY manages every step of the ERC application process and its Fast Track program offers the option to apply in minutes and access your refund in days NOT months.
- It’s free to connect with the NEWITY team to learn more about the ERC program and your potential eligibility.
Cons
- Not all businesses may be eligible for the Employee Retention Credit (ERC) as certain government guidelines must be met for approval.
- NEWITY does charge a fee for assisting with your ERC application, but NEWITY is only paid if your ERC refund is approved and you receive your funds.
Why NEWITY is the Best
NEWITY was an industry-leader in facilitating PPP financing to small businesses and has adeptly transitioned its innovative technology and experienced staff, to quickly and efficiently assist small business owners in accessing the ERC. The ERC is a payroll tax credit that is received by eligible businesses as a cash refund directly from the IRS, which means working with NEWITY for the ERC may provide your business with a significant cash windfall that you can use freely for whatever you choose. Because of NEWITY’s size and experience, there is no cost to work with them for the ERC until your refund is approved and you receive your funds. NEWITY’s Fast Track program offers the option to apply in minutes and access your refund in days NOT months.
Interested in learning more about the Employee Retention Credit? Click here to sign up with our recommended best ERC company Newity and a representative will reach out with more information.