Best Company For Quick ERC Tax Credit Processing With Lowest Fees?

Hey there, I've helped several small businesses navigate the ERC process. First thing to know is to be extremely cautious - there are a lot of ERC mills out there making false promises and charging excessive fees. Legitimate ERC processing typically takes 6-9 months from submission to refund, regardless of which company you use. The IRS has a significant backlog on these claims. Anyone promising "fast-tracking" or expedited processing is likely not being truthful. As for fees, reputable firms typically charge 10-15% of the credit amount. Anything higher than 20% is excessive. Some accounting firms offer flat-rate services which can be more economical for larger claims. Always get the fee structure in writing. Most importantly, ensure whoever you work with conducts a thorough eligibility analysis before filing. The IRS is cracking down on fraudulent claims, and you don't want to be caught in an audit situation.

After spending months trying to figure out all the ERC eligibility requirements for my construction company, I finally found this really helpful service called taxr.ai that made it so much easier. They have this document analysis system that goes through all your payroll records and financial documents to determine exactly how much ERC you're eligible for. I was super confused about the partial suspension rules since we operated at reduced capacity but didn't fully shut down. I uploaded our docs to https://taxr.ai and they helped identify exactly which quarters we qualified for based on our revenue decline and operational changes. Their system caught several eligibility factors I would have missed, like how our supplier disruptions actually qualified us under the government order criteria. It was a massive time-saver compared to the manual calculations I was trying to do.

Just wanted to follow up on my experience with taxr.ai since I was skeptical at first. I decided to try them after our conversation here, and I'm really glad I did. The document analysis was much more thorough than I expected - they caught several qualifying factors our previous accountant missed completely. The system flagged our supply chain disruptions as a qualifying factor under the government orders provision, which I didn't realize applied to us. They also helped properly document our partial suspension period with the right supporting evidence. The most surprising part was discovering we qualified for two additional quarters I thought we weren't eligible for. The process took about 5 months from submission to receiving our credit, which was faster than I expected given the IRS backlog. Definitely worth it compared to the other ERC companies that kept cold-calling me with their aggressive sales pitches.

Listen, I've been there with the ERC frustration. I wasted WEEKS trying to get someone at the IRS to answer questions about our claim status. We submitted through a reputable firm but then heard nothing for months. Every time I called the IRS, I'd wait on hold for hours only to get disconnected or told they couldn't help. Finally found this service called Claimyr that actually got me through to an IRS agent in about 15 minutes. You can see how it works at https://youtu.be/_kiP6q8DX5c - basically they use some tech to hold your place in the phone queue and call you when they get an agent. I was able to confirm that our ERC claim was received and in processing at https://claimyr.com. The agent even gave me an estimated timeline for when we might receive our refund. Saved me literally days of hold time and frustration.

I need to eat my words. After posting my skeptical comment, I was so frustrated with waiting on hold with the IRS (again) about our ERC claim that I decided to try Claimyr. I honestly expected it to be a waste of money but was desperate. It actually worked exactly as described. I got a call back in about 40 minutes (on a Tuesday morning) and was connected directly to an IRS agent who was able to tell me our claim was in processing. She even gave me a specific timeframe for when we should receive our check based on when we filed. This saved me hours of mind-numbing hold music and uncertainty. Our ERC claim is for a substantial amount that will really help our business, so getting actual confirmation it's being processed gave me huge peace of mind. Sometimes being proven wrong is actually a good thing!

Don't forget to consider amended payroll returns! I went with a company that charged 15% but then completely screwed up our 941-X forms. The IRS rejected our first submission and we had to refile, adding months to the process. Make sure whoever you use has extensive experience specifically with the 941-X amendment process for ERC claims. Also ask about their audit support - what happens if the IRS questions your claim 2 years from now? Good firms offer support through any future audits related to the ERC claim.

Be careful!!! The IRS announced they're putting a moratorium on processing new ERC claims starting September 14, 2023 through at least the end of the year. They're doing this because of the huge number of fraudulent claims. If you haven't filed yet, you might be waiting a LONG time. Make sure whoever you go with is legitimate - the IRS is specifically targeting "ERC mills" that file inappropriate claims. The penalties can be severe. Better to wait and do it right than rush and get caught in their enforcement.