Accelerate Tax is a New York City-based accounting firm that helps small businesses claim the Employee Retention Credit (ERC) from the IRS. This is a tax refund offered to small businesses that were affected by COVID-19, but which did not lay off all of their employees during government-mandated shutdowns. The ERC is also available to businesses that launched after February 15, 2020.
The certified professional accountants (CPAs) behind Accelerate Tax are experts in the ERC guidelines, which are more than 200 pages long. They can help you determine whether your business qualifies—at no cost, then prepare your filing and send it to the IRS. Accelerate Tax can also give your business an advance on your refund.
If your business was impacted by COVID-19, Accelerate Tax can help you claim a tax credit of up to $26,000 per employee that you had in 2020-2021. The credit is paid directly to your business. You can use the funds for anything you'd like.
The guidelines that the IRS published for claiming the ERC refund are more than 200 pages in length, so most small business accountants aren’t equipped to help you file for this refund properly. Accelerate Tax only handles ERC refund claims, so the company’s team knows exactly how to maximize your refund.
You can use a free questionnaire on Accelerate Tax’s website to see if you qualify for the ERC program. The company will conduct a full assessment and file your business’s claim for you, saving you a significant amount of time. You can also get an advance on your refund from Accelerate Tax if your business needs that money right away.
The ERC program is open to businesses that experienced one or more of the following:
You can find out whether you qualify for an ERC refund and learn how much you might receive using a short questionnaire on Accelerate Tax’s website. You’ll need to enter the number of W2 employees you had in 2020 and 2021, your average employee salary in each of those years, and whether your business’s revenue declined in any quarter in 2020 or 2021.
If you qualify, you can enter your name, your business’s name and location, and your contact information. A CPA will contact you by phone to get more information about your business and begin the process of filing for your ERC refund.
The ERC refund is up to $26,000 per employee that your business had in 2020-2021, although most businesses do not qualify for the full amount. The maximum number of employees you can claim is 500.
You can use Accelerate Tax’s online questionnaire to estimate the size of the refund for which your business qualifies.
You don’t need to repay your ERC refund. Accelerate Tax will take its fees out of your refund, so you don’t need to pay for the service using the cash your business currently has.
Accelerate Tax offers an advance payment option that enables you to access your refund within a few days of filing your paperwork. You don’t need to repay this advance, but you will receive less than the full value of your refund if you choose this option. Receiving your refund from the IRS can take several months or longer.
Accelerate Tax is a relatively new accounting firm that launched after the ERC program was announced in 2020. The company’s team includes experienced CPAs and small business experts. It has a 4.0-star rating on Trustpilot.
Accelerate Tax does not require you to enter any sensitive financial information on its website. Your contact information is protected by Secure Sockets Layer (SSL) encryption.
Accelerate Tax offers customer support by phone and email. The company’s website provides basic information about the ERC program, including guidance about which businesses qualify.
Phone: (844) 228-1151
Accelerate Tax is an accounting firm that can help your small business claim your ERC tax refund. The firm has CPAs on staff who understand the ERC program inside and out and can help you maximize your refund. If you’re not sure whether you qualify, you can find out using a simple questionnaire on the Accelerate Tax website. Accelerate Tax will file paperwork on your business’s behalf and can even advance your refund to your business within a few days.
Accelerate Tax, LLC
1430 Broadway, Suite 902
New York, NY 10018
This review is based on information on the Accelerate Tax website.