- Updated December 2024
Top Ten Best ERC Companies
Searching for the best companies to file your Employee Retention Credit (ERC) tax credit? The top ERC providers can assist you in calculating your return, completing forms, and submitting files to the IRS, ensuring you get the most out of your tax credit.
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1
Best Overall
Best Overall | No upfront fees
Bottomline Concepts goes to work for you, maximizing your grant amount with its proven process.
- Well-known clients
- Over $1.2 billion credits recovered
- No risk for your business
9.9
Outstanding
VISIT SITE »
Best Overall | No upfront fees
2
2
Best Bridge Loan
ERC bridge loans for immediate cash flow
Omega Accounting Solutions has a fast application process where you’ll have a rough idea of how much you’re owed within minutes.
- Best for fast funding
- Best for bridge loans
- Fast application process
9.7
Outstanding
VISIT SITE »
ERC bridge loans for immediate cash flow
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3
Maximize Refund
Fees between 10%-15%
ERC Specialists lives up to its name, averaging higher refunds than other companies in the industry.
- Best for maximizing your ERC refund
- Decades of payroll experience
- Potential 10-20% higher refund than working with a CPA
9.5
Excellent
VISIT SITE »
Fees between 10%-15%
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4
If you want to get a refund fast, ERC Today may be your best bet. Its system gets you through the filing process in as little as seven days so the IRS can process your claim.
- Faster than average processing times
- Dedicated to employee retention credits
- Secure application process
9.5
Excellent
VISIT SITE »
5
5
File confidently through Innovation Refunds, where a team of tax attorneys scrutinize your employee retention credit paperwork. They don’t get paid until you do.
- Team of tax attorneys to defend work
- Dedicated ERC refund specialist
- Audit protection at no extra cost
9.4
Great
VISIT SITE »
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- Zero money upfront and Free Analysis
- Qualify for all 6 quarters in just minutes
- Simple 4-Step Process
9
- Best for ERC & other tax credits
- Undisclosed fees
- Helps with claiming other tax credits including R&D and WOTC
10
- Apply in minutes and get funded in days
- Undisclosed fees
- ERC Refund Estimator
How to Choose the Best ERC Company 2024?
As businesses navigate the ever-changing economic landscape, it’s crucial to take advantage of every opportunity available to optimize financial resources. One such opportunity is the Employee Retention Credit (ERC), a valuable tax credit introduced to support businesses during times of uncertainty. However, determining the best ERC company to handle your needs can be a challenging task. In this article, we will explore the factors to consider when selecting an ERC company in 2023.
What is Employee Retention Credit?
The Employee Retention Credit is a tax credit introduced by the United States government to incentivize businesses to retain employees during periods of economic hardship, such as the COVID-19 pandemic. This credit allows eligible employers to claim a percentage of qualified wages paid to employees as a tax credit.
Who Provides ERC Funding Services?
Various types of firms provide ERC funding services, each with its unique characteristics and offerings. Understanding the differences between these firms can help you make an informed decision when selecting an ERC service provider. Here are the primary types of firms that offer ERC services:
Accounting Firms:
Accounting firms often have dedicated teams specializing in tax credits and incentives, including the ERC. These firms possess in-depth knowledge of tax regulations and can provide comprehensive guidance on maximizing your ERC benefits. They have experience working with a wide range of businesses and can offer tailored solutions based on your industry and specific needs. Accounting firms may also handle other financial aspects of your business, making them a one-stop-shop for financial advice and services.
Consulting Firms:
Consulting firms specializing in tax credits and incentives can assist businesses in identifying and claiming the ERC. These firms focus on analyzing your business operations, financials, and employment data to determine eligibility and optimize your ERC benefits. They provide strategic advice and help implement processes to ensure ongoing compliance with ERC requirements. Consulting firms often have industry-specific expertise and can offer valuable insights into maximizing the credit within your specific sector.
Professional Employer Organizations (PEOs):
PEOs offer comprehensive HR and employee management solutions to businesses, and some also provide ERC services. PEOs handle various HR functions, such as payroll, benefits administration, and compliance. By partnering with a PEO that offers ERC services, you can leverage their expertise in navigating the complexities of the ERC program. PEOs can help calculate eligible wages, handle documentation, and ensure compliance with ERC regulations. This option is particularly beneficial for businesses that want to streamline their HR and ERC processes under one provider.
Specialized ERC Companies:
Some companies focus exclusively on ERC services, dedicating their expertise to helping businesses navigate the complexities of the ERC program. These specialized ERC companies often have extensive knowledge of ERC regulations, updates, and best practices. They can guide you through the qualifying process, assist with documentation, and optimize your ERC benefits. Specialized ERC companies typically offer personalized support and may have proprietary software or tools designed specifically for ERC calculations and reporting.
When choosing an ERC service provider, consider your business’s unique needs, size, industry, and the level of support you require. Accounting firms and consulting firms can provide comprehensive financial advice, while PEOs offer bundled HR and ERC services. Specialized ERC companies bring focused expertise in maximizing the benefits of the ERC program. Evaluate the offerings, track record, and reputation of different firms to find the one that aligns best with your business goals and requirements.
How to Compare the Best ERC Companies
To select the best ERC company for your business, it’s important to consider various factors. Here are the key aspects to evaluate when comparing ERC companies:
Pricing:
One of the crucial factors to consider is the pricing structure offered by ERC companies. Compare the fees charged by different companies and ensure that the pricing is reasonable and transparent. It’s advisable to inquire about any additional charges or hidden fees to avoid surprises later.
Bridge Loan Availability:
ERC funds are often delayed due to processing timeframes. In such cases, a bridge loan can provide much-needed liquidity to businesses. Consider whether the ERC company offers bridge loan options to bridge the gap until the tax credit is received.
Qualifying Process:
The ERC qualification process can be complex and involves assessing various eligibility criteria. Evaluate how the ERC company assists in determining eligibility and optimizing the credit for your specific business circumstances. Look for companies that provide comprehensive guidance and support throughout the qualifying process.
Processing Time:
Timely access to the ERC funds is vital for businesses, especially those in need of immediate financial support. Inquire about the estimated processing time for the ERC credit and choose a company that can expedite the process without compromising accuracy.
Reputation:
Research the reputation and credibility of ERC companies before making a decision. Read customer reviews, testimonials, and case studies to gauge the experiences of other businesses that have worked with the company. Consider companies with a strong track record of successful ERC claims and satisfied clients.
Other Features:
While evaluating ERC companies, consider additional features they offer. Some companies may provide value-added services like ongoing support, updates on ERC-related regulations, and assistance with IRS audits. These supplementary features can enhance the overall experience and make a company stand out from the rest.
Top Rated ERC Agencies 2023
In 2023, a number of ERC companies have emerged as top-rated service providers. While it’s essential to conduct your own research, some noteworthy ERC agencies include Bottom Line Concepts, Omega Accounting Solutions, and Lendio. These companies have received accolades for their expertise, customer satisfaction, and comprehensive ERC services. Check the list we’ve provided at the top of this page for our current recommendations.
Final Words
Selecting the best ERC company for your business requires careful consideration of various factors. Assess the pricing structure, bridge loan availability, qualifying process, processing time, reputation, and additional features offered by ERC companies. By conducting thorough research and evaluating your specific business needs, you can make an informed decision and partner with a reputable ERC company that will maximize your tax credit benefits in 2023. Remember, the right ERC partner can be instrumental in helping your business navigate financial challenges and capitalize on available opportunities.
Recommended ERC Companies
Best Overall: Bottom Line Concepts
Bottomline Concepts has a proven track record with ERC grants. They’ve worked with several well-known organizations like Rolex, GNC, and even the Boston Red Sox to reclaim funds lost to the COVID pandemic. Its team has a solid understanding of the grant process, earning back over $1.2 billion to date. Best of all, Bottomline Concepts only gets paid based on the amount it brings in for your company. There’s no risk of losing funds if you don’t qualify.
Why we chose it: Bottomline Concepts goes to work for you, maximizing your grant amount with its proven process.
Special Offer — ERC Filing
Pricing
Based on grant
Bridge Loan
Not available
Qualification
15-minute call
Processing Time
Not listed
Other Features
Audit protection
Best Overall ERC Vendor | No upfront fees
Benefits
More Details
Benefits
Worked with several well-known companies
Over $1.2 billion in credits recovered
No risk for your business
Over $1.2 billion in credits recovered
No risk for your business
More Details
Pricing: Bottomline Concepts doesn’t reveal any pricing information on its website. You can rest assured that you only have to pay if the company earns some grant money for you.
Bridge Loans Available: There are no bridge loans available through Bottomline Concepts. If you need some funds to cover a gap in operations, you’ll have to turn to a bank or lending company.
Qualifying Process: On its website, you’ll find a short form you can use to see if you qualify. The series of questions are specifically formulated to determine eligibility, even if it’s for a shorter window than the program allows. Once finished, an employee from Bottomline Solutions will call you to continue the process.
Processing Time: Bottomline Concepts has a division dedicated to employee retention credits that serves a large audience of clients. The easy-to-follow process helps expedite your refund, although Bottomline Concepts has no control over how quickly the IRS processes your money.
Other Features: The team at Bottomline Concepts has an intricate knowledge of the ERC filing process. They supply “pre-audit” materials to each business and waive their fee in case of any payback required.
Best Bridge Loan: Omega Accounting Solutions
Omega Accounting Solutions may not have control over the IRS, but the company processes everything quickly on its end. It starts with a free ten-minute consultation followed by a walkthrough for uploading your documents. The ERC services calculator gives you a good idea of how much you’ll receive when the time comes. If you can’t wait that long, Omega Accounting Solutions has bridge loans to keep you afloat.
Why we chose it: Omega Accounting Solutions has a fast application process where you’ll have a rough idea of how much you’re owed within minutes.
Special Offer — ERC Filing
Pricing
Not listed
Bridge Loan
Available in 3 days
Qualification
10-minute call
Processing Time
Not listed
Other Features
ERC calculator
Best for ERC bridge loans for immediate cash flow
Benefits
More Details
Benefits
Offers bridge loans
Quick application process
Features an ERC calculator
Quick application process
Features an ERC calculator
More Details
Pricing: You won’t find any pricing details on Omega’s website. During your free consultation, be sure to inquire about the costs for your specific case.
Bridge Loans Available: Omega Accounting Solutions is an offshoot of the parent company and offers bridge loans. The amount you’re eligible for depends on your expected ERC services refund amount at the time of filing. You won’t have to pay anything upfront and can see funds in as little as three days.
Qualifying Process: The qualifying process starts with a simple form on Omega Accounting Solutions’ website. If you qualify based on the initial questions, an agent will call you for a free ten-minute consultation.
Processing Time: There are only three simple steps Omega walks you through, assuming you meet the criteria. First, you’ll need to upload pertinent documents to the website. Afterward, company experts will calculate your refund and prepare the filing for you.
Other Features: Even before submitting your paperwork, Omega Accounting Solutions tempers your expectations with an ERC calculator for your team. There’s no need to pay a dime until you’re sure about what’s coming your way.
Best for Maximum Refund: ERC Specialists
ERC Specialists enters the picture with decades of payroll experience already under its belt. Because employee retention credits come through payroll returns and not income taxes, this gives the team a leg up. As a result, the average business earns 10% to 20% more than someone less familiar with the program. Processing speed with ERC Specialists is through the roof, allowing you to get paid that much faster.
Why we chose it: ERC Specialists lives up to its name, averaging higher refunds than other companies in the industry.
Special Offer — ERC Filing
Pricing
Based on refund
Bridge Loan
Not available
Qualification
Questionnaire
Processing Time
Lightning fast
Other Features
Payroll specialists
Get the Maximum Refund | Fees between 10-15%
Benefits
More Details
Benefits
Typically able to recover 10-20% more than other companies
Decades of payroll experience
Lightning-fast results
Decades of payroll experience
Lightning-fast results
More Details
Pricing: There’s no set rate for working with ERC Specialists, the amount you pay depends on your refund. It’s possible to pay after you receive your money or earn a discount for paying upfront.
Bridge Loans Available: While ERC Specialists has a lot to offer, it does not have bridge loans to take advantage of. If your company is hurting financially from the pandemic, consult a bank or lending institution for funding options.
Qualifying Process: A detailed and thorough questionnaire leads you through the qualification process. After completing the form, someone from ERC Specialists will contact you whether or not you are entitled to a refund.
Processing Time: ERC Specialists boasts a faster turnaround time due to a streamlined process. It usually takes a few weeks to review your paperwork and send you documents to sign.
Other Features: Most ventures offering assistance with employee retention credit don’t have the payroll knowledge necessary to maximize your grant. ERC Specialists has decades of experience in the space, allowing its team to understand the process fully.
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