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The 7 Best ERC Companies For Getting Your ERC Funds

Looking for companies to help you file your ERC tax credit? The best ERC companies can help you calculate your return, fill out forms, and submit files to the IRS.

    Erica Seppala
  • UPDATED

Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.

If you missed out on claiming the Employee Retention Tax Credit, there’s still time to put money back into your pocket. If you don’t want to go through the hassle of filing an amended return yourself, you can turn to a business that specializes in ERC funding.

With ERC funding, you can get up to $26,000 per employee that you kept on staff during the COVID-19 pandemic. For a fee, these companies offer ERC services that help you calculate the amount of your tax credit, complete tax forms, apply for the credit, and then submit them to the IRS as a claim for an ERC refund. In this post, we’ve identified the top ERC funding companies to help your business recover your employee retention tax credit.

Keep reading to learn more.

Learn More About Our Top Picks

CompanyBest ForNext StepsBest For
Omega Accounting Solutions

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  • Best for fast funding
  • Best for bridge loans
  • Fast application process
  • Best for fast funding
  • Best for bridge loans
  • Fast application process

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ERC Specialists

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  • Best for maximizing your ERC refund
  • Fees between 10%-15%
  • Potential 10-20% higher refund than working with a CPA
  • Best for maximizing your ERC refund
  • Fees between 10%-15%
  • Potential 10-20% higher refund than working with a CPA

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Innovation Refunds

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  • Best ERC audit protection
  • Pay when you receive your refund
  • $2 million in audit protection
  • Best ERC audit protection
  • Pay when you receive your refund
  • $2 million in audit protection

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Lendio

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  • No hidden fees
  • Competitive rates
  • Pay when you receive your refund
  • No hidden fees
  • Competitive rates
  • Pay when you receive your refund

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Stenson Tamaddon

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  • Best for ERC & other tax credits
  • Undisclosed fees
  • Helps with claiming other tax credits including R&D and WOTC
  • Best for ERC & other tax credits
  • Undisclosed fees
  • Helps with claiming other tax credits including R&D and WOTC

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ERC Today

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  • Best for fast ERC filing
  • Fees of 7.5%-15%
  • Claims potentially ready for submission in 1 to 2 weeks
  • Best for fast ERC filing
  • Fees of 7.5%-15%
  • Claims potentially ready for submission in 1 to 2 weeks

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Paychex

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  • Best ERC funding for Paychex users
  • Undisclosed fees
  • In-house ERC funding solution
  • Best ERC funding for Paychex users
  • Undisclosed fees
  • In-house ERC funding solution

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Read more below to learn why we chose these options.

Table of Contents

Which Companies Provide ERC Services?

If you want to take the guesswork out of retroactively claiming the ERC, you can turn to an expert for assistance.

There are several different options for ERC funding services. Some of the most popular options to consider include:

  • CPAs
  • Payroll tax companies
  • Tax preparation companies
  • Law firms
  • Tax credit specialists

You can claim the ERC yourself by filing an amended quarterly tax return using Form 941-X. However, calculating your ERC and completing the form accurately can be time-consuming and challenging for many small business owners.

Keep reading our list of the best ERC services for small businesses.

The 7 Best ERC Companies For ERC Funding

The best ERC companies make it easy to claim your tax credit. Omega Accounting Solutions, Lendio, and Innovation Refunds top our list as the best ERC services offering fast processing times, good customer support, and other features to help you retroactively claim your Employee Retention Tax Credit.

1. Omega Accounting Solutions: Best For Fast ERC Filing

Omega Accounting Solutions


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Pros

  • Prep & file amended documents
  • ERC bridge loans for immediate cash flow
  • Easy & secure application process
  • Can assist with claiming other tax credits

Cons

  • Non-transparent pricing

Waiting up to a year to receive your ERC refund just isn't financially feasible for many businesses, but Omega Accounting Solutions has small businesses covered with its ERC bridge loans. In addition to securing ERC refunds for over 2,000 clients, the company also provides ERC advances so you can get immediate cash flow for your business. The company can also help you claim other tax credits, including the Research and Development (R&D) tax credit and the High-Road Cannabis Tax Credit (HRCTC).

How Omega Accounting Solutions' Refund Process Works

The first step to using Omega Accounting Solutions for your ERC refund is to fill out the quick online form. Omega Accounting will contact you with a ten-minute phone call. If you qualify for an ERC refund, you will upload information and documentation through Omega’s secure online portal. Once all information and documentation are received, Omega will work to prepare and file your amended quarterly returns. The final step is to wait to receive your check from the IRS.

Omega Accounting Solutions Pricing

Omega Accounting does not disclose its ERC refund fees online. Contact Omega Accounting directly for your custom quote.

Omega Accounting Solutions Refund Processing Time

As with other reputable ERC refund providers, Omega Accounting Solutions works to quickly file your tax return to help you get your refund as quickly as possible. Unfortunately, waiting for a check can take several months, up to one year, due to delays from the IRS. However, Omega does offer an ERC bridge loan option to eligible clients that need cash sooner. Contact Omega Accounting Solutions for more information.

Why We Chose Omega Accounting Solutions

The IRS backlog is causing small business owners to wait up to one year to receive their ERC refunds, but Omega Accounting Solutions can provide needed funding now. With an ERC bridge loan, qualifying small business owners can get the cash infusion they need for immediate relief while awaiting their ERC refunds.

Businesses that have already filed their ERC claims (either with Omega or another provider) can receive up to 60% of their anticipated refund in about two weeks. Businesses that have yet to file their claims can receive advance funds in as little as 45 days.

Get Started With Omega Accounting Solutions

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2. ERC Specialists: Best For Maximizing Your ERC Refund

ERC Specialists


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Pros

  • Free analysis to see if you qualify
  • Discount for paying fees upfront
  • Easy application process

Cons

  • Phone hold times can be lengthy

As its name suggests, ERC Specialists specializes in ERC refunds. Because its team of experts has payroll tax experience and fully understands the ERC program, ERC Specialists has succeeded in providing maximum credit refunds to its clients. ERC Specialists has an easy, streamlined application process that takes the guesswork out of applying for the ERC refund.

How ERC Specialists' ERC Refund Process Works

ERC Specialists has a five-step process for receiving your ERC refund. The first step is to fill out the questionnaire on the ERC Specialists website to determine if you qualify for the tax credit. Then, you will submit your documentation, which includes payroll records and basic information on any PPP loans your business obtained.

Next, ERC Specialists will analyze and review your documents and will work to maximize your refund. This analysis takes approximately two to three weeks. After your documentation has been analyzed, ERC Specialists will send you documents to be signed and returned. These documents will also include the final amount of your credit. Once everything is signed and approved, ERC Specialists will submit your documents and will communicate with the IRS throughout the process to prevent any potential delays.

ERC Specialists Pricing

An analysis to see if your business qualifies is free. Following your analysis, ERC Specialists’ fees range from 10% to 15% of your ERC refund amount. These fees are pretty standard when compared to its competitors.

The amount of your fee varies based on how you opt to pay. If you pay upfront, you’ll pay 10% of your total ERC refund. If you opt to have the fee deducted when you receive your refund, you will pay 15% of the amount of the refund. ERC Specialists offers a 100% money-back guarantee if you’ve paid upfront and the IRS does not release your credit for any reason.

ERC Specialists ERC Refund Processing Time

ERC Specialists state that it takes two to three weeks on average to complete and submit your tax forms for your ERC refund. After submission, it will take approximately a minimum of 20 weeks to receive your check from the IRS.

Why We Chose ERC Specialists

ERC Specialists really focus on maximizing ERC refunds. The company claims that it typically recovers 10% to 20% more than other providers that are not as well-versed in ERC claims.

Get Started With ERC Specialists

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3. Innovation Refunds: Best ERC Audit Protection

Innovation Refunds


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Pros

  • Dedicated ERC refund specialist
  • Pay when you receive your refund
  • Audit protection

Cons

  • Expensive rates

Innovation Refunds simplifies the ERC process by pairing you with a dedicated refund specialist. With independent tax attorneys and CPAs, Innovation Refunds offers expert ERC refund services, from ensuring that your business qualifies to submitting your claim to the IRS.

Additionally, Innovation Refunds offers audit support in the event that you're later audited by the IRS.

How Innovation Refunds' ERC Refund Process Works

Innovation Refunds has a quick qualifying process that takes less than ten minutes. Once you’ve provided information about your business and have qualified, you’ll need to submit documentation to move forward with your claim.

After Innovation Refunds has all of your information and documentation, your claim is filed. The final step is to wait for your refund check from the IRS.

Innovation Refunds Pricing

You can receive a free refund analysis from Innovation Refunds. If you choose to move forward with getting your ERC refund, Innovation Refunds takes a 25% fee, with no out-of-pocket or hidden costs.

Innovation Refunds ERC Refund Processing Time

Innovation Refunds uses the IRS’s average processing time for ERC refunds, which is four to seven months. Note that this timeline varies and could be shorter or longer than average.

Why We Chose Innovation Refunds

Innovation Refunds pairs you with a dedicated refund specialist that works closely with you throughout the process to ensure that your claim is filed accurately and quickly. Innovation Refunds also offers extensive audit protection and has independent tax attorneys ready for defense in the event of an IRS audit of your claim.

Get Started With Innovation Refunds

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4. Lendio: Best Overall ERC Funding

Lendio


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Pros

  • No hidden fees
  • Competitive rates
  • Pay when you receive your refund

Cons

  • May take 25+ days to file your ERC application

Known for small business loans, Lendio also offers a simple ERC funding marketplace solution to help match you to the right ERC service for your business.

How Lendio's ERC Refund Process Works

To get started with Lendio’s ERC refund program, simply fill out a simple application on the Lendio website that will help you determine if you’re eligible for the tax credit.

If you qualify, Lendio will connect you with one of its ERC partners to help you navigate the application process. Lendio simplifies every step, from making it easy to submit documentation to submitting required tax forms to keeping you informed of the status of your refund along the way. Lendio states that most applications are filed within 25 days.

Once your application is processed, you’ll receive your refund from the IRS.

Lendio Pricing

Lendio does not charge any fees to determine your ERC eligibility. You will only pay for Lendio’s services if your application is processed by the IRS. Once processed, Lendio will take a fee of 15% from your refund.

Lendio ERC Refund Processing Time

Lendio’s ERC refund processing time is typically two to eight months. It’s important to note that the majority of processing time is due to the backlog of ERC claims received by the IRS.

Why We Chose Lendio

Lendio makes it simple to get your ERC refund, from its easy application to a team of experts ready to help you along the way. But where the provider really stands out is with its competitive rates, charging just 15% of your refund only when you get paid. Additionally, you can also use Lendio’s platform to apply for other types of business funding while you wait for your refund.

Get Started With Lendio

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5. Stenson Tamaddon: Best For ERC & Other Tax Credits

Stenson Tamaddon


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Pros

  • Easy & secure application process
  • Can assist with claiming other tax credits
  • Offers $1M protection per filing
  • ERC advances available

Cons

  • Non-transparent pricing

Stenson Tamaddon doesn't just specialize in ERC refunds -- it can also help you claim other tax credits that you didn't know you were eligible to receive. In addition to ERC, Stenson Tamaddon can work with you to determine if you are eligible for Research & Development Tax Credits, as well as Work Opportunity Tax Credits. Stenson Tamaddon has secured over $3.4 billion in tax credits for over 4,000 companies and can help your business see if you qualify for these money-saving credits.

Stenson Tamaddon also offers ERC advances if you need quick access to funding. Your advance may be funded as quickly as 72 hours after filing your ERC claim.

How Stenson Tamaddon's Refund Process Works

You can kick off the process by filling out a short form on the Stenson Tamaddon website. A representative will be in contact to help you determine if you qualify. If qualified, you will be instructed to upload documentation and information through the company’s secure portal. After everything has been received, your amended returns will be prepared and filed with the IRS. Once processed, you will receive your ERC refund check by mail.

After filing your claim, you may also be eligible to receive ERC Advanced Funding. Contact Stenson Tamaddon for more information.

Stenson Tamaddon Pricing

Stenson Tamaddon does not disclose its ERC refund fees online. Contact the company through its secure form to start the ERC refund process and learn more about pricing and fees.

Stenson Tamaddon Refund Processing Time

Stenson Tamaddon does not disclose its refund processing time. However, it is important that you communicate with the company and provide all the required information to expedite your ERC refund. Once your amended return is prepared, it may take 12 months or longer to receive your refund from the IRS.

ERC Advanced Funding is available. It’s free to apply, and you can receive an advance in as little as 72 hours after filing your claim.

Why We Chose Stenson Tamaddon

While it’s important to claim your ERC refund if you qualify, Stenson Tamaddon can also help you find other money-saving tax credits for your business. You can receive up to $9,600 per eligible employee for the Work Opportunity Tax Credit and save up to $250,000 with the R&D Tax Credit, in addition to the thousands of dollars you may be eligible to receive from the ERC credit.

Get Started With Stenson Tamaddon

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6. ERC Today: Easiest ERC Filing Process

ERC Today


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Pros

  • Streamlined application process
  • Dedicated client support reps
  • Free analysis to see if you qualify

Cons

  • Higher fees for smaller refunds

ERC Today is another platform that offers a quick and easy way to claim your ERC refund.

ERC Today doesn't charge a fee to help you determine if you're eligible for the ERC and works quickly to submit your claim to the IRS. Add in an easy-to-use secure client portal and a team of dedicated client support reps, and it's easy to see why this provider has received high ratings among its users.

How ERC Today's ERC Refund Process Works

Get started with ERC Today by filling out a quick and easy application. Next, you will use ERC Today’s secure portal to upload your payroll data, Form 941, and PPP loan documents. Once all information and documentation have been received, ERC Today will get to work calculating the amount of your credit.

If you opt to move forward, ERC Today will work with you to prepare and file your amended returns using Form 941-X. All forms can then be submitted to the IRS for processing, and you will receive your refund check by mail once your claim has been processed.

ERC Today Pricing

The initial analysis to determine if your business qualifies for the ERC refund is completely free. If you opt to move forward with the submission of your claim, ERC Today has a fee structure based on the amount of your refund. Clients with refunds up to $499,999.99 pay a 15% fee. Clients with refunds of $500,000 to $999,999.99 pay 10%. Clients that are receiving a refund of $1 million or more will only pay 7.5%.

While clients with smaller refunds will pay a higher percentage, the maximum 15% fee is competitive with other ERC companies. Additionally, ERC Today does not require upfront payments.

ERC Today ERC Refund Processing Time

ERC Today notes that it has filed the claims of some clients in as little as 1 to 2 weeks. However, the actual time to complete and submit your claim varies. Additionally, you will have to wait for the IRS to process your claim, which is estimated to take at least 4.5 months.

Why We Chose ERC Today

ERC Today boasts of its “industry-leading speed and accuracy” when it comes to ERC refunds. With some of its clients being prepared to file an ERC claim in as little as one week, ERC Today certainly outperforms some of its competitors when it comes to efficiently preparing ERC tax forms.

Get Started With ERC Today

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7. Paychex: Best ERC Funding For Paychex Users

Paychex


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Payroll Processing Time

Two days (faster costs extra)

Pricing

Starts at $39/month + $5/employee

Business Size

Self-employed contractors to enterprises with 1,000+ employees

Pros

  • Free analysis to see if you qualify
  • Dedicated ERTC experts
  • Prep & filing of amended tax documents

Cons

  • Only available to Paychex users
  • Non-transparent pricing

If you currently use Paychex for payroll, you're in luck, as the company also offers ERC refund services to its customers. You can expect to receive a free assessment to determine eligibility, a report showing all calculations for your ERC, and tax form prep and filing. If you're not a customer, you can sign up for Paychex and talk to a rep for more information on ERC refund processing.

How Paychex's ERC Refund Process Works

Paychex isn’t very forthcoming about how its ERC refund process works. Paychex users will need to reach out to a payroll representative for more information and to get started.

Paychex Pricing

Paychex does not disclose its fees for claiming the ERC refund. However, the company does offer a free analysis to determine if you qualify for the ERC. One last thing to note is that you must be a Paychex subscriber to take advantage of this service, so if you aren’t already with Paychex, you will need to sign up for a payroll subscription.

Paychex ERC Refund Processing Time

Paychex does not provide a timeline for its ERC refund processing. Based on the backlog of ERC claims with the IRS, you should expect to receive your refund within four to 12 months.

Why We Chose Paychex

Paychex is a great in-house solution for Paychex payroll users. This award-winning service pairs you with a specially trained ERTC expert to easily file your claim. Paychex also offers additional payroll, tax, and HR services for an all-in-one solution for your business.

Get Started With Paychex

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What To Look For In A Good ERC Funding Company

There are other reputable ERC funding companies outside of those on this list that provide high-quality services. No matter which you choose, make sure to look for the following before making your decision:

  • An experienced team that understands the ERC program
  • Free analysis to determine if you qualify for the ERC
  • Competitive fees
  • No hidden fees
  • A user-friendly online application
  • A secure portal to submit documentation
  • Good customer support
  • Good customer reviews
  • Support reps that communicate and provide updates on the status of your refund

Unfortunately, not all ERC funding companies are legit, and the IRS has warned small business owners about potential scams.

These scam companies promise larger ERC refunds than a business would normally receive or encourages small business owners to apply for the ERC when they don’t qualify. Falsely claiming these funds could result in having to repay the credit, as well as pay additional penalties and fees. Make sure that the company you choose is reputable, and check all information being submitted to the IRS on your behalf to ensure that there is nothing being falsely reported.

Which ERC Funding Company Is Right For Your Business?

When choosing an ERC funding company, make sure to only work with reputable businesses that have knowledge about claiming the ERC to avoid costly penalties down the road. And, of course, if you want to keep your entire refund, you can always claim the ERC yourself.

Check out our content about how to qualify for ERC, how to calculate ERC, how to claim the ERC on your taxes, and how to fill out form 941-X if you want to claim the credit for yourself. Good luck!

FAQs About ERC Funding Companies

Is ERC funding still available?

ERC funding is still available in 2023. Eligible small business owners can claim the credit themselves by amending their quarterly returns with Form 941-X, or they can simplify the process by hiring a third-party company to claim their refund for a fee. The deadline to claim the ERC for 2020 is April 15, 2024, while the deadline to claim the ERC for 2021 is April 15, 2025.

Are ERC funding companies legit?

There are many ERC funding companies that are legit, including lending platforms and tax providers. However, there are some companies that are scamming small business owners, so make sure to do your research and choose a reputable ERC funding company.

What fees are ERC companies charging for ERC refunds?

The fees ERC companies are charging to file your ERC claim for a refund vary, but generally range from about 15% to 25% of your refund. In most cases, you won’t have to pay these fees upfront or out-of-pocket and can opt to have the fees deducted from your refund.

How long does it take to get the employee retention credit?

The IRS currently has a backlog of ERC claims, and the current estimated time to receive your ERC is anywhere from four to 12 months or longer. Some ERC funding companies also take several weeks to complete and submit your claim, so make sure that you add in this extra time if you use a third-party service.

Is Innovation Refunds legit?

Innovation Refunds is a legitimate ERC funding company that receives predominantly favorable reviews from customers. The company works with real tax attorneys and professionals to help small businesses receive their ERC funds.

In Summary: The 7 Best ERC Companies For ERC Funding

  1. Omega Accounting Solutions:
    • Best for fast funding
    • Best for bridge loans
    • Fast application process
  2. ERC Specialists :
    • Best for maximizing your ERC refund
    • Fees between 10%-15%
    • Potential 10-20% higher refund than working with a CPA
  3. Innovation Refunds:
    • Best ERC audit protection
    • Pay when you receive your refund
    • $2 million in audit protection
  4. Lendio:
    • No hidden fees
    • Competitive rates
    • Pay when you receive your refund
  5. Stenson Tamaddon:
    • Best for ERC & other tax credits
    • Undisclosed fees
    • Helps with claiming other tax credits including R&D and WOTC
  6. ERC Today :
    • Best for fast ERC filing
    • Fees of 7.5%-15%
    • Claims potentially ready for submission in 1 to 2 weeks
  7. Paychex:
    • Best ERC funding for Paychex users
    • Undisclosed fees
    • In-house ERC funding solution
Erica Seppala

Erica Seppala

Erica began writing on small business topics in 2008. She joined Merchant Maverick in 2018 and focuses on loans, accounting, and POS. She is a Certified ProAdvisor for QuickBooks Online and QuickBooks Payroll. She has been cited in MSN, Reader's Digest, Vox, U.S. News & World Report, and Real Simple. She is a graduate of Limestone University and resides in Greenville, South Carolina.
Erica Seppala
View Erica Seppala's professional experience on LinkedIn.

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Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services. The rating of this company or service is based on the author’s expert opinion and analysis of the product, and assessed and seconded by another subject matter expert on staff before publication. Merchant Maverick’s ratings are not influenced by affiliate partnerships.

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