Since the onset of the COVID-19 pandemic, we have focused our efforts at 1st Capital Financial on supporting the interests of small business employers. Our company was one of the first responders in the financial industry for the Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL). Our experience from working with small business owners during the pandemic has given us much insight. We know firsthand how valuable financial relief is to the honest, hardworking small businesses that employ over 60.4 million people in the United States. However, with rising inflation, higher interest rates, and the prospect of another recession — access to financing is harder to come by.
This realization led us to the Employee Retention Credit (ERC) and 1st Capital Financial’s coveted ERC Filing Service. Between 1st Capital Financial and our partners, we have recovered well over $10 billion for small and medium business employers. Our ERC Filing Service has become our most sought-after and appreciated service. For this reason, we have decided to ramp up our ERC coverage.
We are excited to announce that we are now expanding our ERC Filing Service, introducing ERC Bridge Financing, and several new ERC Partner Programs. We hope that we may accommodate as many employers across the country as possible while this advantageous tax credit program is still available.
What is 1st Capital Financial’s ERC Filing Service?
It is imperative that employers seek out qualified professionals to assist them with determining their eligibility, computing the value of their claims, and filing the appropriate documentation with the IRS. Claiming the ERC has proven difficult for even CPAs less familiar with the tax legislature related to the ERC. This is where 1st Capital Financial comes in.
1st Capital Financial files businesses’ ERC claims for them. Our ERC Filing Service includes a complementary ERC analysis and ERC estimate, extensive due diligence, and a final ERC summary report prior to any agreements being signed or fees collected.
We assist employers with gathering key documents such as:
- IRS Form 941s for 2019, 2020, and 2021
- PPP Loan and Forgiveness Documentation
- Payroll Ledgers
- Profit and Loss Statements
- Healthcare Statements
- Government Orders from Local, State, and Federal Agencies
When our clients give us the okay to file their claim, our CPAs file the necessary federal payroll tax amendments (Form 941-Xs) with the IRS and address any additional documentation or communication requests.
Our CPAs address topics like:
- Detailed Account of Clients’ COVID-19 Experience and Narrative
- Identifying PPP Funds Allocated to Payroll for Accurate Calculations
- Informing Employers That Their Tax Returns Must Be Amended Once They Receive Their Checks from the IRS
Our fee structure is transparent, competitive, and allows employers to pay now at a discount or pay later once checks are received. Best of all, we stay in touch and keep our clients informed of their processing status every step of the way.
What is ERC Bridge Financing or an ERC Advance Loan?
1st Capital Financial’s ERC Bridge Financing, or ERC Advance Loan, allows employers to recover up to 85% of their ERC funds in days, not months. This service is available exclusively to our ERC clients and ERC partners.
What are 1st Capital Financial’s ERC Partner Programs?
We have launched three unique ERC Partner Programs based on businesses’ and individuals’ expressed interest in working with us as an ERC Affiliate, ERC Referral Partner, or ERC Affiliate Marketer. Each program considers core competencies, capabilities, and partners’ preferences.
ERC Affiliate Program
1st Capital Financial’s ERC Affiliate Program allows B2B service providers to expand their existing service offerings, introduce new revenue opportunities, and improve client retention by utilizing our ERC Filing Service. ERC Affiliates are responsible for prequalifying their ERC clients and collecting documentation before transferring the workload to 1st Capital Financial. ERC Affiliates also get access to higher commission rates, exclusive training, priority support, and many other resources to ensure their success.
This program is well-suited for all the following and more:
- Accounting Firms
- Payroll Agencies
ERC Referral Program
1st Capital Financial’s ERC Referral Program is the easiest way to earn commissions with little to no effort. ERC Referral Partners get a percentage of our fee for recommending 1st Capital Financial to other employers in their network. They simply refer clients and let us handle the rest.
ERC Affiliate Marketer Program
1st Capital Financial’s ERC Affiliate Marketer Program allows digital marketers and influencers to earn exceedingly generous commissions using a dedicated affiliate link in content such as blog posts, email marketing campaigns, banner ads, webinars, and more. Joining this program allows marketers to add value to preferred channels and create new revenue streams.
Winning the Hearts and Minds of Employers and Their Accountants
At 1st Capital Financial, we’re committed to nurturing lifetime relationships with our clients. We honor this commitment with two unbreakable rules:
- We don’t compromise on our quality of service.
- Our clients really do come first.
These rules make us great at what we do, and 1st Capital Financial’s ERC Filing Service is no exception.
However, the unfortunate truth is that there are many popup shops (coined “ERC mills”) advertising ERC services right now that should be avoided. Accountants have a moral and legal responsibility to look out for their clients. This is why we always encourage an introduction to our clients’ accountants early. We’re in this together, and accountants can rest assured that 1st Capital Financial is looking out for their clients’ interests.
The Future is Bright, and We’re Here to Help
Access to financial relief may be in short supply, but we’re very optimistic about the long-term outlook for small businesses — especially employers that qualify for the ERC. Tomorrow’s winners will be forged by the small businesses that successfully navigate today’s challenges.
1st Capital Financial is committed to your financial health and well-being. If you believe that you or anyone you know is a candidate for our ERC Filing Service, ERC Bridge Financing, or ERC Partner Programs — WE WANT TO HEAR FROM YOU.