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The 8 Best ERC Companies For Getting Your ERC Tax Credit

Looking for companies to help you file your ERC tax credit? The best ERC companies can help you calculate your return, fill out forms, and submit files to the IRS.

    Erica Seppala
  • Last updated onUpdated

  • Chelsea Krause
  • REVIEWED BY

    Chelsea Krause

    Lead Staff Writer

Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.

If you missed out on claiming the Employee Retention Tax Credit, there’s still time to put money back into your pocket. If you don’t want to go through the hassle of filing an amended return yourself, you can turn to a business that specializes in ERC tax credits.

With the ERC credit, you can get up to $26,000 per employee that you kept on staff during the COVID-19 pandemic. For a fee, these ERC companies offer services that help you calculate the amount of your tax credit, complete tax forms, apply for the credit, and then submit everything to the IRS as a claim for an ERC refund. In this post, we’ve identified the top ERC companies to help your business recover your employee retention tax credit.

Learn More About Our Top Picks

CompanyBest ForNext StepsBest For
ERC Specialists

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  • Best for maximizing your ERC refund
  • Fees between 10%-15%
  • Potential 10-20% higher refund than working with a CPA
  • Best for maximizing your ERC refund
  • Fees between 10%-15%
  • Potential 10-20% higher refund than working with a CPA

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Accelerate Tax

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  • Best for excellent customer support
  • ERC advances available to qualified customers
  • Pay when you receive your refund
  • Best for excellent customer support
  • ERC advances available to qualified customers
  • Pay when you receive your refund

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Lendio ERC

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  • No hidden fees
  • Competitive rates
  • Pay when you receive your refund
  • No hidden fees
  • Competitive rates
  • Pay when you receive your refund

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Stenson Tamaddon

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  • Best for ERC & other tax credits
  • Undisclosed fees
  • Helps with claiming other tax credits including R&D and WOTC
  • Best for ERC & other tax credits
  • Undisclosed fees
  • Helps with claiming other tax credits including R&D and WOTC

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Omega Accounting Solutions

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  • Best for fast funding
  • Best for bridge loans
  • Fast application process
  • Best for fast funding
  • Best for bridge loans
  • Fast application process

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ERC Today

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  • Best for fast ERC filing
  • Fees of 7.5%-15%
  • Claims potentially ready for submission in 1 to 2 weeks
  • Best for fast ERC filing
  • Fees of 7.5%-15%
  • Claims potentially ready for submission in 1 to 2 weeks

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Paychex ERTC Service

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  • Best ERC funding for Paychex users
  • Undisclosed fees
  • In-house ERC funding solution
  • Best ERC funding for Paychex users
  • Undisclosed fees
  • In-house ERC funding solution

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ERC Guaranteed

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  • Best risk-free guarantee
  • Pay when you receive your refund
  • Most claims processed within seven days
  • Best risk-free guarantee
  • Pay when you receive your refund
  • Most claims processed within seven days

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Table of Contents

What Is The ERC Tax Credit?

ERC stands for “employee retention credit” and refers to a government tax credit that eligible small business can claim if they were impacted by COVID-19. Also referred to as the ERTC, the employee retention tax credit can result in a maximum of $26,000 per employee if certain ERC qualifications are met.

The 8 Best ERC Companies For Getting Your ERC Tax Credit

The best ERC companies make it easy to claim your ERC tax credit. Omega Accounting Solutions, Lendio, and ERC Specialists top our list as the best ERC services offering fast processing times, good customer support, and other features to help you retroactively claim your Employee Retention Tax Credit.

Quick Comparison Of Top Picks

Company Fees/Pricing Best For Includes Audit Protection Offers ERC Loans Offers Other Tax Credits
Omega Contact for pricing Fast funding & ERC bridge loans
ERC Specialists 10%-15% of ERC refund Maximizing Your ERC Refund
Accelerate Tax Contact for pricing Customer support
Lendio 15% of ERC refund Best overall Offers small business loans
Stenson Tamaddon Contact for pricing Additional tax credits
ERC Today 10%-15% of ERC refund Easy filing process
Paychex Contact for pricing Existing Paychex users
ERC Guaranteed Contact for pricing risk-free erc credit

ERC Specialists : Best For Maximizing Your ERC Refund

ERC Specialists

Total Rating 4.0
Fees5.0

Features2.7

Refund Process & Timeline4.3

Customer Service4.9

User Reviews4.5

Fees

10%-15% of ERC refund

Tax Credit Services

ERC

Processing Time

2-3 weeks

Pros

  • Free analysis to see if you qualify
  • Discount for paying fees upfront
  • Easy application process

Cons

  • Phone hold times can be lengthy
  • No support for other tax credits
  • No ERC loan or advance options

Why We Chose ERC As The Best ERC Company For Maximizing Your ERC Refund

ERC Specialists focuses on maximizing ERC refunds. The company claims that it typically recovers 10% to 20% more than other providers. Because its team of experts has payroll tax experience and fully understands the ERC program, ERC Specialists has succeeded in providing maximum credit refunds to many satisfied clients, and the company receives many positive customer reviews.

How ERC Specialists Works

ERC Specialists has a five-step process for receiving your ERC refund. The first step is to fill out the questionnaire on the ERC Specialists website to determine if you qualify for the tax credit. Then, you will submit your documentation, which includes payroll records and basic information on any PPP loans your business obtained.

Next, ERC Specialists will analyze and review your documents and will work to maximize your refund. This analysis takes approximately two to three weeks. After your documentation has been analyzed, ERC Specialists will send you documents to be signed and returned. These documents will also include the final amount of your credit. Once everything is signed and approved, ERC Specialists will submit your documents and will communicate with the IRS throughout the process to prevent any potential delays.

ERC Specialists Pricing

An analysis to see if your business qualifies is free. Following your analysis, ERC Specialists’ fees range from 10% to 15% of your ERC refund amount. These fees are pretty standard when compared to its competitors.

The amount of your fee varies based on how you opt to pay. If you pay upfront, you’ll pay 10% of your total ERC refund. If you opt to have the fee deducted when you receive your refund, you will pay 15% of the amount of the refund. ERC Specialists offers a 100% money-back guarantee if you’ve paid upfront and the IRS does not release your credit for any reason.

ERC Specialists Refund Processing Time

ERC Specialists state that it takes two to three weeks on average to complete and submit your tax forms for your ERC refund. After submission, it will take approximately a minimum of 20 weeks to receive your check from the IRS.

Get Started With ERC Specialists

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Accelerate Tax: Best Customer Support

Accelerate Tax

Total Rating 4.4
Fees3.0

Features4.5

Refund Process & Timeline5.0

Customer Service4.4

User Reviews4.8



Pros

  • ERC advances available
  • Fast & easy application process
  • Customers praise competitive fees

Cons

  • Non-transparent pricing
  • No support for other tax credits
  • Complaints about slow refunds

Why We Chose Accelerate Tax As The Best ERC Company For Customer Support

Excellent customer support is one of the top reasons we chose Accelerate Tax as one of the best ERC companies, as many clients have praised the personalized service. Accelerate Tax also has exceptional customer service, with reps that walk you through the ERC claim process from start to finish. Accelerate Tax has quality assurance measures in place and has claims reviewed by independent CPAs to ensure compliance with IRS guidelines while maximizing refunds for small to medium-sized businesses.

How Accelerate Tax Works

You can start the ERC claim process with Accelerate Tax by filling out the company’s online form. The form starts with an ERC calculator, which shows you the potential refund you may qualify to receive. (This calculator only provides a rough estimate — actual ERC refund amounts may vary based on information obtained by Accelerate Tax.)

If you pass this initial qualification, you’ll fill out a short form to get in touch with Accelerate Tax. You’ll need to provide your name, business name, business address, email, and phone number. Accelerate Tax will then get in touch with you to further discuss your claim.

If you opt to move forward, you will submit your documentation to Accelerate Tax. Once all information and documentation are submitted, Accelerate Tax will complete your IRS forms. These forms will be reviewed with you before they are submitted to the IRS. Once you sign off, your amended return will be filed with the IRS, and once processed, you will receive your check.

Accelerate Tax Pricing

Accelerate Tax does not disclose its fees online, so you will need to contact the company directly for more information. However, you will not have to pay any fees until you receive your refund.

Accelerate Tax Refund Processing Time

Accelerate Tax does not specify how long it takes to process your information and submit your forms to the IRS. As with other ERC companies, the entire process may take a year or longer. However, Accelerate Tax does offer ERC advances which can provide you with funding in just a few days. Contact Accelerate Tax for more information on ERC advances.

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Lendio ERC: Overall Best ERC Company

Total Rating 4.2
Fees5.0

Features3.0

Refund Process & Timeline4.6

Customer Service4.9

User Reviews4.4



Pros

  • No hidden fees
  • Competitive rates
  • Pay when you receive your refund

Cons

  • Long processing times
  • No ERC loan or advance options
  • Slow application process

Why We Chose Lendio As The Overall Best ERC Refund Company

Lendio makes it simple to get your ERC refund, from its easy application to a team of experts ready to help you along the way. But where the provider really stands out is with its competitive rates, charging just 15% of your refund only when you get paid. Additionally, you can also use Lendio's platform to apply for other types of business funding while you wait for your refund

How Lendio Works

To get started with Lendio’s ERC refund program, simply fill out a simple application on the Lendio website that will help you determine if you’re eligible for the tax credit.

If you qualify, Lendio will connect you with one of its ERC partners to help you navigate the application process. Lendio simplifies every step, from making it easy to submit documentation to submitting required tax forms to keeping you informed of the status of your refund along the way. Lendio states that most applications are filed within 25 days.

Once your application is processed, you’ll receive your refund from the IRS.

Lendio Pricing

Lendio does not charge any fees to determine your ERC eligibility. You will only pay for Lendio’s services if your application is processed by the IRS. Once processed, Lendio will take a fee of 15% from your refund.

Lendio Refund Processing Time

Lendio’s ERC refund processing time is typically two to eight months. It’s important to note that the majority of processing time is due to the backlog of ERC claims received by the IRS.

Get Started With Lendio ERC

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Stenson Tamaddon: Best For Additional Tax Credits

Stenson Tamaddon

Total Rating 4.2
Fees3.0

Features4.1

Refund Process & Timeline5.0

Customer Service4.5

User Reviews4.4



Pros

  • Easy & secure application process
  • Can assist with claiming other tax credits
  • Offers $1M protection per filing
  • ERC advances available

Cons

  • Non-transparent pricing
  • Potentially slow processing times
  • Some complaints about the qualification process

Why We Chose Stenson Tamaddon As The Best ERC Company For Additional Tax Credits

While it's important to claim your ERC refund if you qualify, Stenson Tamaddon can also help you find other money-saving tax credits for your business. You can receive up to $9,600 per eligible employee for the Work Opportunity Tax Credit and save up to $250,000 with the R&D Tax Credit, in addition to the thousands of dollars you may be eligible to receive from the ERC credit. Stenson Tamaddon has secured over $3.4 billion in tax credits for over 4,000 companies and can help your business see if you qualify for these money-saving credits.

How Stenson Tamaddon Works

You can kick off the process by filling out a short form on the Stenson Tamaddon website. A representative will be in contact to help you determine if you qualify. If qualified, you will be instructed to upload documentation and information through the company’s secure portal. After everything has been received, your amended returns will be prepared and filed with the IRS. Once processed, you will receive your ERC refund check by mail.

After filing your claim, you may also be eligible to receive ERC Advanced Funding. With Stenson Tamaddon, your advance may be funded as quickly as 72 hours after filing your ERC claim.

Stenson Tamaddon Pricing

Stenson Tamaddon does not disclose its ERC refund fees online. Contact the company through its secure form to start the ERC refund process and learn more about pricing and fees.

Stenson Tamaddon Refund Processing Time

Stenson Tamaddon does not disclose its refund processing time. However, it is important that you communicate with the company and provide all the required information to expedite your ERC refund. Once your amended return is prepared, it may take 12 months or longer to receive your refund from the IRS.

ERC Advanced Funding is available. It’s free to apply, and you can receive an advance in as little as 72 hours after filing your claim.

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Omega Accounting Solutions: Best For Fast ERC Funds

Omega Accounting Solutions

Total Rating 4.3
Fees3.0

Features5.0

Refund Process & Timeline4.3

Customer Service4.4

User Reviews4.9



Pros

  • Prep & file amended documents
  • ERC bridge loans for immediate cash flow
  • Easy & secure application process
  • Can assist with claiming other tax credits

Cons

  • Non-transparent pricing
  • Potentially slow processing times
  • Some complaints about high fees

Why We Chose Omega Accounting As The Best ERC Company For Fast ERC Funds

Waiting up to a year to receive your ERC refund just isn't financially feasible for many businesses, but Omega Accounting Solutions has small businesses covered with its ERC bridge loans. In addition to securing ERC refunds for over 2,000 clients, the company also provides ERC advances so you can get immediate cash flow for your business. Businesses that have already filed their ERC claims (either with Omega or another provider) can receive up to 60% of their anticipated refund in about two weeks. Businesses that have yet to file their claims can receive advance funds in as little as 45 days.

How Omega Accounting Solutions Works

The first step to using Omega Accounting Solutions for your ERC refund is to fill out the quick online form. Omega Accounting will contact you with a ten-minute phone call. If you qualify for an ERC refund, you will upload information and documentation through Omega’s secure online portal. Once all information and documentation are received, Omega will work to prepare and file your amended quarterly returns. The final step is to wait to receive your check from the IRS.

Omega Accounting can also help you claim other tax credits, including the Research and Development (R&D) tax credit and the High-Road Cannabis Tax Credit (HRCTC).

Omega Accounting Solutions Pricing

Omega Accounting does not disclose its ERC refund fees online. Contact Omega Accounting directly for your custom quote. Omega has provided a designated number for Merchant Maverick readers to call: (949) 577-7357.

Omega Accounting Solutions Refund Processing Time

As with other reputable ERC refund providers, Omega Accounting Solutions works to quickly file your tax return to help you get your refund as quickly as possible. Unfortunately, waiting for a check can take several months, up to one year, due to delays from the IRS. However, Omega does offer an ERC bridge loan option to eligible clients who need cash sooner. Contact Omega Accounting Solutions for more information.

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ERC Today : Easiest ERC Filing Process

Total Rating 4.3
Fees5.0

Features2.7

Refund Process & Timeline5.0

Customer Service4.4

User Reviews4.9



Pros

  • Streamlined application process
  • Dedicated client support reps
  • Free analysis to see if you qualify

Cons

  • Higher fees for smaller refunds
  • Potentially long processing times

Why We Chose ERC Today For The Easiest ERC Credit Filing Process

ERC Today boasts of its "industry-leading speed and accuracy" when it comes to ERC refunds. ERC Today doesn't charge a fee to help you determine if you're eligible for the ERC and works quickly to submit your claim to the IRS. Add in an easy-to-use secure client portal and a team of dedicated client support reps, and it's easy to see why this provider has received high ratings among its users. With some of its clients being prepared to file an ERC claim in as little as one week, ERC Today certainly outperforms some of its competitors when it comes to efficiently preparing ERC tax forms.

How ERC Today Works

Get started with ERC Today by filling out a quick and easy application. Next, you will use ERC Today’s secure portal to upload your payroll data, Form 941, and PPP loan documents. Once all information and documentation have been received, ERC Today will get to work calculating the amount of your credit.

If you opt to move forward, ERC Today will work with you to prepare and file your amended returns using Form 941-X. All forms can then be submitted to the IRS for processing, and you will receive your refund check by mail once your claim has been processed.

ERC Today Pricing

The initial analysis to determine if your business qualifies for the ERC refund is completely free. If you opt to move forward with the submission of your claim, ERC Today has a fee structure based on the amount of your refund. Clients with refunds up to $499,999.99 pay a 15% fee. Clients with refunds of $500,000 to $999,999.99 pay 10%. Clients that are receiving a refund of $1 million or more will only pay 7.5%.

While clients with smaller refunds will pay a higher percentage, the maximum 15% fee is competitive with other ERC companies. Additionally, ERC Today does not require upfront payments.

ERC Today's Refund Processing Time

ERC Today notes that it has filed the claims of some clients in as little as 1 to 2 weeks. However, the actual time to complete and submit your claim varies. Additionally, you will have to wait for the IRS to process your claim, which is estimated to take at least 4.5 months.

Get Started With ERC Today

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Paychex ERTC Service: Best For Paychex Users

Paychex ERTC Service

Total Rating 3.1
Fees2.0

Features2.1

Refund Process & Timeline4.2

Customer Service4.1

User Reviews3.9



Pros

  • Free analysis to see if you qualify
  • Dedicated ERTC experts
  • Prep & filing of amended tax documents

Cons

  • Only available to Paychex users
  • Non-transparent pricing
  • No processing timeline provided

Why We Chose Paychex As The Best ERC Company For Paychex Users

If you currently use Paychex for payroll, you're in luck, as the company also offers ERC refund services to its customers. You can expect to receive a free assessment to determine eligibility, a report showing all calculations for your ERC, and tax form prep and filing. If you're not a customer, you can sign up for Paychex and talk to a rep for more information on ERC refund processing. Paychex also offers additional payroll, tax, and HR services for an all-in-one solution for your business.

How Paychex Works

Paychex isn’t very forthcoming about how its ERC refund process works. Paychex users will need to reach out to a payroll representative for more information and to get started.

Paychex Pricing

Paychex does not disclose its fees for claiming the ERC refund. However, the company does offer a free analysis to determine if you qualify for the ERC. One last thing to note is that you must be a Paychex subscriber to take advantage of this service, so if you aren’t already with Paychex, you will need to sign up for a payroll subscription.

Paychex Refund Processing Time

Paychex does not provide a timeline for its ERC refund processing. Based on the backlog of ERC claims with the IRS, you should expect to receive your refund within four to 12 months.

Get Started With Paychex ERTC Service

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ERC Guaranteed: Best For Risk-Free Guarantee ERC Credit

ERC Guaranteed

Total Rating 3.8
Fees3.0

Features2.7

Refund Process & Timeline5.0

Customer Service4.9

User Reviews4.2



Pros

  • Comprehensive ERC report
  • Audit protection
  • Free ERC analysis

Cons

  • Non-transparent pricing
  • No ERC loan or advance options
  • No support for other tax credits

Why We Chose ERC Guaranteed As The Best Risk-Free ERC Credit Company

ERC Guaranteed offers a risk-free guarantee to its clients. There are no upfront fees and all work is 100% guaranteed and backed by Berkshire Hathaway Insurance Professional Liability Errors & Omission Insurance. If that wasn't enough, all clients receive a comprehensive 150+ page report detailing qualifications, shutdown orders, calculations, and more. Add in good customer support, audit protection, fast processing times, and an easy claims process, and it's easy to see why ERC Guaranteed is a hit with small business owners.

How ERC Guaranteed Works

ERC Guaranteed has an easy ERC claims process. Simply fill out a quick form to find out if you qualify. If you qualify and decide to use its services, you’ll submit documentation used to complete your claim.

Once ERC Guaranteed has everything it needs, it will prepare and file the proper forms with the IRS. The next step is simply waiting to receive your check.

ERC Guaranteed Pricing

ERC Guaranteed does not disclose its fees publicly. However, the company does note that the fee is only paid after you receive your refund and is 25% to 30% lower than its competitors. The fee is also lower for nonprofits.

ERC Guaranteed Refund Processing Time

ERC Guaranteed processes your ERC claim fast — typically within seven days. The processing of your claim and issuance of a check by the IRS may take several months once ERC Guaranteed has submitted your forms.

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ERC Company Review Methodology

Merchant Maverick has been researching and reviewing employee retention tax credit providers since 2022. Our writers have tested dozens of ERC companies, evaluating fees, features, refund processes, customer service, and user reviews. Read more about how we rate ERC services.

When comparing different ERC companies, we consider many data points, including relative cost and fees compared to other companies, the depth of additional accounting or tax filing services offered, rates for ERC loan or advance services, and availability in all fifty states. Our lists of the best providers include only companies we’ve deemed worthwhile from multiple vantage points, and share qualities such as widespread availability, accessibility, speed, and reasonable pricing.

We spend an average of 10-15 hours researching and updating each one of our lists, making sure the providers included meet our internal standards for quality and reputation.

How Does The ERC Tax Credit Work?

The quick answer is that the ERC tax credit works by allotting small business owners who kept their employees on during COVID-19 up to $26,000 per employee. Once you determine that you’re eligible to receive the ERC, you’ll have to fill out a 941-X to file an amended tax return and complete your ERC application.

Make sure you submit your application by the proper ERC deadline or even sooner as the ERC refund process timeline can take months until you actually receive your tax credit.

For more information on how the ERC tax credit work, learn exactly how to claim the employee retention credit on your taxes or scroll down to our top ERC company picks to have an ERC specialist help you understand the full ERC refund process.

Who Qualifies For The ERC Tax Credit?

Small business owners who kept employees on during COVID-19 and can prove that one, a “significant decline” in gross receipts occurred during the pandemic, and two, that their business operations were fully or partially suspended by the COVID-19 lockdowns, are likely eligible for an ERC refund.

Because the size of your ERC refund is dependent on qualified employee wages, SMBs looking to claim the ERC should make sure that they understand how to calculate the ERC credit and avoid an ERC tax audit. Some of the best ERC companies featured in this post offer ERC audit protection, which can offer great peace of mind for business owners.

Can You Still Apply For The ERC Credit During The IRS's ERC Pause?

As of September 14, 2023, the IRS has temporarily paused processing new employee retention tax credit claims due to a swell of ERC scams and questionable claims. Existing claims are still being processed, and eligible businesses can still submit an ERC claim on their own or through reputable ERC specialists to be processed when the moratorium ends.

On November 14, 2023, IRS Commissioner Daniel Werfel announced that the IRS is updating its ERC review procedures and will begin processing new ERC claims in the near future.

Visit our full breakdown of the ERC pause for the latest information.

Which Companies Provide ERC Services?

If you want to take the guesswork out of retroactively claiming the ERC, you can turn to an expert for assistance.

There are several different options for ERC funding services. Some of the most popular options to consider include:

  • CPAs
  • Payroll tax companies
  • Tax preparation companies
  • Law firms
  • Tax credit specialists

Keep reading our list of the best ERC services for small businesses.

How Much Do ERC Companies Cost?

Reputable ERC companies only charge an ERC fee once your ERC credit has been approved. While many ERC companies aren’t completely transparent with their pricing, some do disclose their pricing information directly. Standard contingent ERC fees range from 15% – 25% of your ERC refund.

Learn about additional ERC fees and charges and how to avoid them.

What To Look For In A Good ERC Company

There are other reputable ERC companies outside of those on this list that provide high-quality services. No matter which you choose, make sure to look for the following before making your decision:

  • An experienced team that understands the ERC program
  • Free analysis to determine if you qualify for the ERC
  • Competitive fees
  • No hidden fees
  • A user-friendly online application
  • A secure portal to submit documentation
  • Good customer support
  • Good customer reviews
  • Support reps that communicate and provide updates on the status of your refund

Unfortunately, not all ERC companies are legit, and the IRS has warned small business owners about potential scams.

These scam companies promise larger ERC refunds than a business would normally receive or encourages small business owners to apply for the ERC when they don’t qualify. Falsely claiming these funds could result in having to repay the credit and pay additional penalties and fees. Make sure that the company you choose is reputable, and check all information being submitted to the IRS on your behalf to ensure that there is nothing being falsely reported.

ERC Companies To Avoid

In your search for a reputable ERC company, here are a few to avoid. ERC scams, ERC spam, poor user reviews, and nonexistent customer service are just a few reasons to steer clear of these ERC companies.

ERC Business Solutions

Our ERC Business Solutions review uncovered several red flags, from a website that didn’t provide details about its fees or company history to a lack of user reviews and a suspicious website flag from ScamAdviser. There isn’t enough evidence to prove that ERC Business Solutions is as reputable as its competitors, so we recommend steering clear of this company.

ERCOnly.com

On the surface, ERCOnly.com doesn’t seem so bad. However, the website — while providing some useful resources and an ERC calculator — doesn’t have any information about the company’s fees. Furthermore, the company has a Facebook page under the name ERC Advocates. This page has a single one-star review, and there are no additional reviews to be found online.

What If I Need My ERC Tax Credit Fast?

Unfortunately, after filing for the ERC, it can take quite a while to get your ERC refund. Even with an ERC company focused on speed, you’re still looking at several months until your ERC refund hits your bank account.

If you need your ERC refund fast, one of the best options is to opt for an ERC loan to get access to your ERC funds straight away. While most ERC lenders take a small cut from your ERC refund, this could be worth it if your business needs your ERC funds quickly.

Check out the best ERC loans if this sounds like the solution for your business, or learn more about how to apply for an ERC loan.

Which ERC Company Is Right For Your Business?

When choosing an ERC company, make sure to only work with reputable businesses that have knowledge about claiming the ERC to avoid costly penalties down the road. The right company will offer reasonable fees, have strong customer support, have highly-rated customer review, and help you feel at ease about filing for your ERTC.

Once you file for your ERC, learn how to check your ERC refund status and be sure to check out our full ERC FAQs post for anymore questions you might have. Happy filing!

FAQs About ERC Tax Credit Companies

Is ERC funding still available?

ERC funding is still available in 2023. Eligible small business owners can claim the credit themselves by amending their quarterly returns with Form 941-X, or they can simplify the process by hiring a third-party company to claim their refund for a fee. The deadline to claim the ERC for 2020 is April 15, 2024, while the deadline to claim the ERC for 2021 is April 15, 2025.

Are ERC funding companies legit?

There are many ERC funding companies that are legit, including lending platforms and tax providers. However, there are some companies that are scamming small business owners, so make sure to do your research and choose a reputable ERC funding company.

What can ERC funds be used for?

Because the employee retention credit is a tax credit, business owners can use their ERC credit as they see fit. A couple of ideas on what ERC funds can be used for include using the extra cashflow to pay off debt, invest in growing your business, reward employees with a bonus, or create an emergency to keep your business secure in the future.

How long does it take to get the employee retention credit?

The IRS currently has a backlog of ERC claims, and the current estimated time to receive your ERC is anywhere from four to 12 months or longer. Some ERC funding companies also take several weeks to complete and submit your claim, so make sure that you add in this extra time if you use a third-party service.

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Erica Seppala

Erica Seppala

Editor & Senior Staff Writer at Merchant Maverick
Erica began writing on small business topics in 2008. She joined Merchant Maverick in 2018 and focuses on loans, accounting, and POS. She is a Certified ProAdvisor for QuickBooks Online and QuickBooks Payroll. She has been cited in MSN, Reader's Digest, Vox, U.S. News & World Report, and Real Simple. She is a graduate of Limestone University and resides in Greenville, South Carolina.
Erica Seppala
View Erica Seppala's professional experience on LinkedIn.

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