Accelerate Tax

FAQs

Welcome to our FAQ page. Here you will find answers to some of the most common questions that our customers and visitors have about our service. If you can’t find what you are looking for, or if you have any feedback or suggestions, please feel free to contact us anytime. We are always happy to hear from you and help you with anything you need.

Frequently Asked Questions

The Employee Retention Credit (ERC) is a refundable tax credit and not a loan. It is a stimulus program created by Congress to compensate businesses that retained employees during COVID. The program is complex, but many businesses are eligible, even if they had a PPP loan.

After our CPAs prepare the filing, the IRS sends out a physical check in the mail. That’s it!

Your business may qualify for a maximum of $26,000 per employee, but most businesses do not qualify for the full amount. Accelerate Tax can help your business get the highest refund possible.

Accelerate Tax is a specialty firm that focuses exclusively on helping businesses maximize their ERC tax refunds. Eligible businesses can also receive their tax refunds upfront without waiting.

It can take anywhere from several months to over a year to receive your refund check. Accelerate Tax can help your business get your refund immediately, however. Be sure to ask one of our specialists how.

Unlike the Paycheck Protection Program (PPP), most banks and financial institutions are not participating, and many accountants are excluded because of the complexity for determining qualification and credit size

Even if your business received a PPP loan, you may still be eligible for ERC. PPP loan forgiveness may reduce the size of your ERC in certain quarters, depending on the amount forgiven and other payroll information. Our CPAs are experts in maximizing your ERC.

Yes. You may be eligible if you were affected by a partial or complete government shutdown. You may also be eligible due to a decline in quarterly revenue. There are many ways to qualify, and Accelerate Tax can help your business maximize your ERC.

If your business qualifies for our advance payment option, you could receive your refund check within a few days.

The ERC guidelines created by the IRS are over 200 pages long and have changed many times. Our CPAs specialize in the ERC and can help clients receive 15-25% more money than other firms.