What To Expect
Businesses can claim up to $26,000 per employee for the Employee Retention Credit (ERC) broken down as follows:
As soon as you’ve completed your ERC application and submitted your documentation, our CPAs will get to work on a comprehensive assessment for your business. This process takes 5-10 business days. Assuming you decide to move forward, your amended employer tax returns (i.e., Form 941-Xs) and supporting documentation are filed with the IRS.
IRS processing of ERC claims is now expected to take 10-16 months with the moratorium.
For immediate access to your ERC refund, 1st Capital Financial offers ERC Bridge Financing (ERC Bridge Loans and ERC Claim Buyouts).
No, this is not a loan. It is a refundable tax credit. When we file your ERC claim, we request a refund for you.