Pros
- Fast & easy ERC claim process
- ERC advances available to qualified customers
- Customers praise competitive fees
Cons
- Non-transparent fees
- No support for other tax credits
- Complaints about slow refunds
On 1/10/24, IRS Commissioner Daniel Werfel announced that the IRS is continuing to improve and automate ERC review procedures and will begin processing new ERC claims in the spring following the moratorium implemented in September. Existing claims are still being processed and eligible businesses can still submit an ERC claim through reputable top ERC companies to be processed when the moratorium ends. Visit our full breakdown of the ERC pause for the latest information.
What Is Accelerate Tax?
Accelerate Tax is a specialty accounting firm that helps small to medium businesses claim the Employee Retention Tax Credit. The company offers a fast and easy online application process that allows business owners nationwide to retroactively claim their ERC refunds.
Since Accelerate Tax focuses solely on ERC claims, the company specializes in maximizing ERC refunds and ensuring compliance. Accelerate Tax has quality assurance measures in place to ensure accurate calculations while also providing a detailed packet to each client after a claim is filed. Accelerate Tax walks each client through the ERC claim process and provides updates throughout.
Accelerate Tax works quickly to submit amended tax forms to the IRS on your behalf and even offers ERC advances to eligible clients that don’t have time to wait for their refund checks.
Accelerate Tax Services
Accelerate Tax focuses solely on helping SMBs claim the ERC. Its attention to detail helps businesses maximize their ERC refunds while ensuring compliance with IRS guidelines.
Accelerate Tax Fees
Accelerate Tax does not disclose its fees upfront, which isn’t uncommon among ERC providers, although this did have a negative impact on our rating. You can get in touch with Accelerate Tax for pricing details. The company does charge clear, fixed rates with no hidden charges.
According to some of its clients, Accelerate Tax’s ERC fees are also very competitive with other ERC companies, which we also took into account when rating Accelerate Tax’s pricing. Accelerate Tax also does not charge a fee unless you receive your refund.
Accelerate Tax Features
Accelerate Tax focuses on accurately calculating ERC and ensuring that all claims adhere to the guidelines set by the IRS. Here are some of the standout features worth noting when you work with Accelerate Tax:
- Fast & Easy Application Process: Accelerate Tax has an easy online application process that utilizes the latest technology for fast and accurate processing. In just four steps, eligible businesses can receive their ERC refunds directly from the IRS.
- ERC Calculator: Accelerate Tax offers a basic ERC calculator that shows how much money you may be qualified to receive.
- ERC Advances: Eligible customers may be eligible to get their ERC funds in as little as two business days with an ERC advance.
- Detailed Documentation: Accelerate Tax provides all clients with an information packet that includes calculations, shutdown orders, and other important information that can be used in the event of an IRS audit.
- Quality Control: Accelerate Tax uses three quality control measures to ensure that ERC is calculated accurately and adheres to all IRS guidelines.
- CPA Reviews: All work is reviewed by independent CPAs for accuracy and adherence to IRS ERC guidelines.
- Excellent Customer Service: Accelerate Tax’s relationship managers provide white-glove service throughout the entire process. The company’s excellent customer service, responsiveness, and attention to detail have been praised by numerous clients.
- Referral Program: Accelerate Tax’s ERTC Partnership Program boasts everything from a dedicated account manager to marketing tools and revenue share.
Accelerate Tax ERC Refund Process & Timeline
Accelerate Tax has a four-step ERC refund process. The company begins by analyzing your business’s financials. Next, the Accelerate Tax team puts in the work to maximize each ERC refund. Then, Accelerate Tax prepares your IRS forms and reviews them with you. Once you’ve signed off, the documentation is submitted to the IRS, and you’ll wait to receive your refund.
Accelerate Tax works quickly to file your paperwork with the IRS. However, due to an IRS backlog of ERC claims, you could potentially wait a year or longer to receive your refund. Fortunately, qualified customers may be eligible to receive funding in just days with Accelerate Tax’s ERC advances. The easy application, fast processing, and availability of ERC advances all contributed to our 5-star rating.
Accelerate Tax Customer Service
Accelerate Tax offers numerous ways for customers to get in touch, including by phone, email, or online form. A FAQ section is also available to answer basic questions about the ERC.
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Accelerate Tax also has social media profiles on Facebook, Twitter, LinkedIn, and Instagram. Because there are numerous ways to get in touch, Accelerate Tax scored high in this area.
Accelerate Tax Reviews
Accelerate Tax has received overall positive reviews from its clients, earning a 4.7/5 rating on TrustPilot (based on 150+ reviews). Accelerate Tax is accredited by the Better Business Bureau, where it holds a B+ rating. These high ratings contributed to a nearly perfect score in our review.
Accelerate Tax Complaints
Accelerate Tax does have a handful of complaints, most notably:
- Delay in receiving refunds
- Lack of communication surrounding refund status
- Multiple transfers between reps to get correct answers
It is important to note that refunds may take 12+ months to be disbursed due to an IRS backlog. While Accelerate Tax can submit your paperwork quickly, the company can not control how quickly the IRS disburses funds. Accelerate Tax does offer ERC advances to eligible customers that need faster funding — contact the company for more details.
Positive Accelerate Tax Reviews
Most of the customer reviews of Accelerate Tax are positive. Here’s what customers like the most about the company:
- Fast & easy application and document submission process
- Knowledgable & responsive reps
- Maximum ERC refunds
Is Accelerate Tax Worth It?
Small- to medium-sized businesses that are looking for a company that specializes in ERC refunds won’t be disappointed in what Accelerate Tax has to offer. The fast application process, white-glove customer support, quality control processes, including CPA reviews, and the potential to get funds quickly through Accelerate Tax’s ERC advances, are all standout features.
However, Accelerate Tax does not disclose its fees, making it hard to compare to its competitors. It is worth noting again that there have been no complaints about the company’s pricing, and many users praise the company’s fees in third-party customer reviews. This likely indicates that Accelerate Tax charges fees that align with its competition.
Business owners looking for a tax/accounting firm that offers additional services (such as payroll, bookkeeping, and tax services) may need to continue their search for the best ERC companies.
Accelerate Tax FAQs
What is Accelerate Tax?
Accelerate Tax is a specialty accounting firm that helps SMBs claim the Employee Retention Credit through an easy four-step process.
Is Accelerate Tax legit?
Accelerate Tax is a legitimate specialty accounting firm located in the state of Texas. The company provides ERC services nationwide.
What fees does Accelerate Tax charge?
Accelerate Tax does charge a fee for claiming the ERC on your behalf. However, the company does not disclose these fees upfront — contact Accelerate Tax to learn more about the cost of filing your ERC claim. You will only have to pay fees if you receive your ERC refund.
ERC Company Review Methodology
We spend hours researching and evaluating each ERC company that we review at Merchant Maverick, placing special emphasis on key characteristics to generate our service provider ratings.
Weighted Rating Breakdown
Refund Process & Timeline 35%
Features 30%
Fees 20%
User Reviews 10%
Customer Service 5%
When rating ERC companies, we use a 22-point rubric that looks at fees, features, refund process and timeline, customer service, and user reviews. We weigh each section differently to calculate the total star rating.
- Fees: 20% of the total star rating
- Features: 30% of the total star rating
- Refund Process & Timeline: 35% of the total star rating
- Customer Service: 5% of the total star rating
- User Reviews: 10% of the total star rating
Each section is further broken down into granular, weighted subsections, in which we look at specific attributes, like whether reduced fees are available for upfront payments, the availability of ERC loans and advances, audit protection, and no-cost ERC consultations.
Learn more about how we rate ERC providers.