Accelerate Tax

About Accelerate Tax

Accelerate Tax is a specialty firm that focuses exclusively on helping businesses maximize their Employee Retention Credit (ERC) tax refunds. Accelerate Tax’s CPA experts use every aspect of the tax code to get your business the full refund it is owed. The firm represents that it will quickly and accurately process your ERC claim, maximizing the amount of your refund and delivering the funds to you as soon as possible. Qualified businesses can also receive their ERC cash refund in as little as 5 business days with Accelerate Tax’s ERC Advance Payment Options.

Accelerate Tax maintains a 4.7 out of 5-star Trustpilot rating and has been an industry-leader in helping many of the over 500,000 businesses that have claimed an average ERC refund of $130,000 each.

Accelerate Tax charges NO upfront fees, stands by their work and helps in case of an audit, and their ERC work is backed by insurance.

Employee Retention Credit (ERC) Program

The Employee Retention Credit (ERC) program, also known as the Employee Retention Tax Credit (ERTC), is a federal program created to help small and medium sized businesses recover from the financial impact of COVID-19.

Many businesses lost revenue and were affected by government shutdowns and other mandates. The ERC aka ERTC is designed to support those businesses that retained employees, and lost revenue, were impacted by the mandates, or began operations in 2020 or 2021. The ERC tax code is complex, and most qualified businesses have not claimed the ERC refunds they are owed.

The ERC is separate from the Paycheck Protection Program (PPP) and is a refundable tax credit paid by the IRS. It is not a loan and does not need to be paid back.

ERC Program & Process

Accelerate Tax charges NO upfront fees, stands by their work and helps in case of an audit, and their ERC work is backed by insurance.

  • Receive up to $26,000 per employee
  • The ERC is not a loan and does not need to be paid back
  • Qualify even if you received the PPP
  • Size of your ERC refund could exceed your tax bill
  • Businesses qualify if their revenue declined OR if they were affected by government mandates and shutdowns
  • No size limit on the refund amount
  • The window for filing will begin to close in April of 2024

Who can qualify?

Most industries are eligible to apply for the ERC and your business may qualify for the ERC if you meet at least one of these criteria:

  1. Full or Partial Suspension of Operations: A Federal, State, or Local government shutdown order affected your business’ ability to operate in 2020 or 2021.
  2. Gross Revenue Reduction: Gross Revenues or Gross Receipts during 2020 and 2021 declined on a quarterly basis versus 2019.
  3. Recovery Startup Business: Business was started after Feb 15, 2020, and annual gross revenue was less than $1,000,000.

The ERC filing process…

Accelerate Tax will help you identify how much you qualify for and do all the heavy lifting including filing your ERC with the IRS.

  1. Apply for the ERC in minutes and connect with a dedicated relationship manager, after which your application data will be reviewed and additional documents will be requested if needed.
  2. Accelerate Tax will conduct an in-depth financial analysis based on their decades of experience in finance, accounting, payroll and tax credits, and use a proprietary algorithm based on IRS tax code to maximize the refund you qualify for.
  3. The necessary IRS filing will be created and reviewed for sign-off to ensure your return is processed quickly and correctly.
  4. Your filings are submitted to the IRS and once processed by the IRS your refund check will be mailed in about 6+ months (access your refund in days the ERC Advance option).

ERC Advance Program & Process

The IRS has experienced significant delays processing ERC claims and it can take 6+ months for them to issue your ERC refund check. If you applied for for an ERC refund with Accelerate Tax, you can now access your funds in as little as 5 business days with an ERC Advance.

The ERC advance process…

  1. Apply for the ERC with Accelerate Tax.
  2. After your ERC has been approved by Accelerate Tax, they will gather a few additional documents to supplement what they already have for your ERC filing.
  3. There are a few different structures to fit your specific business needs which Accelerate Tax will review with you.
  4. Once approved, your ERC Advance can be in your account in just a few days instead of waiting months for the IRS to issue you a physical check.

Pros

  • Accelerate Tax charges NO upfront fees, stands by their work and helps in case of an audit, and their ERC work is backed by insurance.
  • Accelerate Tax maintains a 4.7 out of 5-star Trustpilot rating and has been an industry-leader in helping many of the over 500,000 businesses that have claimed an average ERC refund of $130,000 each.
  • Accelerate Tax will conduct an in-depth financial analysis based on their decades of experience in finance, accounting, payroll and tax credits, and use a proprietary algorithm based on IRS tax code to maximize the refund you qualify for.
  • Accelerate Tax has a large team enabling you to work with real people responding to you when need.
  • If you applied for for an ERC refund with Accelerate Tax, you can now access your funds in as little as 5 business days with an ERC Advance.

Cons

  • Accelerate Tax does charge a fee to facilitate your ERC claim and ERC Advance, but that fee is only paid after you receive your refund or advance.
  • Accelerate Tax specializes in the Employee Retention Credit (ERC) and their ERC Advance product, so other tax services are not available.
  • Not all businesses will be approved for the ERC or the ERC Advance by Accelerate Tax, and even if you are approved for the ERC, it may take months to receive your refund check if you aren’t approved for the ERC Advance.

Why Accelerate Tax is the Best

You can apply for the ERC in minutes and without concern when you work with Accelerate Tax because they charge NO upfront fees, stand by their work and help in case of an audit, their ERC work is backed by insurance, and you only pay Accelerate Tax for their work after you receive your refund. Accelerate Tax has excellent customer service and maintains a 4.7 out of 5-star Trustpilot rating and has been an industry-leader in helping many of the over 500,000 businesses that have claimed an average ERC refund of $130,000 each. The team at Accelerate Tax has decades of experience in finance, accounting, payroll, and tax credits, and use a proprietary algorithm based on IRS tax code to maximize the refund you qualify for.


Accelerate Tax Reviews, Best ERC Company, Best ERC Advance Company


DISCLOSURE: The Employee Retention Credit (ERC) and ERC Advance (Advance) is offered through Lendflow and its affiliates and/or service providers, such as Accelerate Tax LLC. Your decision to apply for an ERC or Advance with Lendflow, Inc. (Lendflow) and pursue a tax refund based on your payroll expenses, must be based on your independent research, due diligence, and decision. LENDVER, LLC and/or its assigns (LENDVER) does not evaluate or advise whether an ERC or Advance is appropriate for you, whether you will qualify for an ERC or Advance, the amount of an ERC or Advance you may receive, and/or the cost of any approved refund or Advance through Lendflow. There are many options to apply for an ERC and Advance and alternatives for you. Please know that Lendflow is a separate business and is not affiliated with LENDVER. The inclusion of any link(s) to Lendflow and/or an ERC or Advance application does not constitute an endorsement by LENDVER of Lendflow or any of its services. By submitting an ERC or Advance application with Lendflow you understand that a referral fee may be paid to LENDVER, by Lendflow, and that LENDVER may provide Lendflow with information and data regarding you and/or your business. Please note that Lendflow may share this information and data with its affiliates and/or service providers, such as Accelerate Tax LLC, which you understand and agree to. By clicking any ERC, Advance, or Lendflow labeled links, you will be redirected to a website that is not affiliated with LENDVER and may offer a different privacy policy, terms of service, and level of security. LENDVER is not responsible for and does not endorse, guarantee, or control any aspect of this linked site.

Tags: ,