WSTA, its Board of Directors, and any individual who is referring you to Innovation Refunds to check your eligibility for the ERC refund does not guarantee your eligibility nor any refund amount.
Check if your business may be eligible for a substantial refund through the Employee Retention Credit, with no upfront cost.
Check your EligibilityStep 1
Answer a few questions about your business.
Step 2
Our partner, Innovation Refunds, will check your company's eligibility.
Step 3
Their team of independent tax attorneys will submit your claim.
With a team of independent tax attorneys, Innovation Refunds can help eligible businesses claim the ERC. Plus, enjoy the following benefits:
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.
The period to apply for the ERC is scheduled to end.
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 eligible businesses may be able to 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.
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 may be eligible for with Innovation Refunds.
This is a refund of payroll taxes that you paid, but you may need to amend your corporate tax returns for the years the ERC is received.
The Paycheck Protection Program (PPP) was a forgivable loan. The Employee Retention Credit (ERC) returns the business payroll taxes they already paid.
While the calculation method for the ERC is complex, the government defines eligible wages as a maximum of $10,000 per year in 2020 and $10,000 per quarter in 2021. In 2020, they allow 50% to be refunded and 2021 they allow 70%. This equates to a maximum of $5,000 per employee in 2020 and a max of $21,000 per employee in 2021.
There is zero upfront cost to determine if your business may qualify. On average, Innovation Refunds invests 14 hours of our independent tax attorney time, at our 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 U.S. Treasury.