Help clients boost cash flow with accelerated ERC payments from Raistone
Note from editor: This blog post was written and published prior to the IRS guidance released September 2023. NATP recommends all tax professionals to refer to the IRS’ Employee Retention Credit Eligibility Checklist when determining if clients qualify for this complex credit.
The employee retention credit (ERC) — part of the 2020 CARES Act — is a tax credit designed to aid businesses severely affected by COVID-19. Qualifying companies can claim up to $26,000 per employee based on wages paid from Q1 2020 through Q3 2021. However, the intricacies of the ERC can prove overwhelming, and extended IRS delays result in an average wait time of six months for clients — extending even more for larger claims.
This is where Raistone comes in, providing support to ensure businesses can advance payment of their ERC.
Your eligible clients receive refunds sooner with Raistone
Raistone ERC financing provides funding within a few days based on an anticipated ERC amount, giving businesses access to funds months sooner than waiting for IRS reimbursement.
Enrolled agents and other tax professionals can play an important role by helping clients navigate the complexities of ERC eligibility and calculations, then referring eligible clients to Raistone, the nation’s leading financier of employee retention credits, for accelerated access to funds.
Facilitate speedy refund access for your clients and bypass potential pitfalls
Numerous companies resort to external assistance for filing and accelerating their ERC refunds. However, certain providers may offer unrealistically large refunds or rapid results without conducting appropriate eligibility verifications, resulting in warnings from the IRS.
Raistone distinguishes itself by prioritizing proper preparation and credibility. We accomplish this by conducting a meticulous vetting process for all enrolled agents providing client referrals. We leverage their expertise to determine client eligibility and calculate ERC amounts precisely. In cases of inconsistencies or missing documentation, we decline funding, which safeguards both Raistone and the referring agents against the repercussions of inaccurate or fraudulent ERC claims. By exclusively partnering with reputable agents, Raistone aims to optimize the benefits of the employee retention credit for deserving businesses that have been hit hard by the COVID-19 pandemic.
Accelerating ERC refunds while maintaining responsibility and accuracy
Referring your clients to Raistone benefits both you and your clients. It allows clients to receive their ERC refund typically within 10 days — compared to the 6+ month wait time from the IRS. In addition, tax professionals benefit from referral fees of up to 1% of funded ERC amounts.
Here’s how it works:
- CPAs prepare Form 941-X for client eligibility and ERC calculation
- CPAs refer eligible clients to Raistone for advanced ERC funding
- Raistone conducts due diligence
- Approved applications typically get funded within 10 days
- CPAs receive referral fees from a portion of the accelerated ERC
Where applicable, tax professionals should follow regulations like Circular 230, which requires disclosure of referral fees that result from tax advice provided to clients.
Raistone streamlines the process by offering complimentary eligibility reviews for tax preparers, efficiently taking charge of communicating with eligible businesses about the next steps. This frees up tax professionals to concentrate on addressing other aspects of their clients’ needs. Utilizing Raistone’s services not only fast-tracks ERC funding for your clients, but also circumvents potential issues associated with some providers that have been flagged by the IRS.
By leveraging Raistone’s services for qualified referrals, you can help eligible clients benefit from accelerated ERC funding while avoiding the IRS’s concerns about some providers.
Maximize cash flow relief through accelerated ERC funding
The employee retention credit (ERC) offers much-needed relief for COVID-impacted businesses. Yet many fail to claim the full funds they qualify for due to complex ERC requirements and IRS delays.
By referring qualified clients to Raistone for expedited ERC financing, tax professionals can deliver critical cash flow relief months ahead of schedule, assisting businesses in pandemic recovery.
Raistone stands out with its meticulous vetting, reliance on tax professionals for accurate calculations, and an impressive 10-day timeline to fund ERCs. This potent partnership amplifies cash flow relief for deserving small businesses.
Get started helping your clients advance their ERC refund
A free eligibility review is an easy first step for tax professionals interested in the potential benefits of Raistone’s offering for clients. Professionals can then decide whether partnering with Raistone makes sense for eligible clients on a case-by-case basis.
If you have clients considering applying for an ERC, contact Raistone to learn more about our services. We’ll help you maximize your client’s benefit from this valuable program. Many of our tax preparation partners have found this to be a significant service offering for their clients, one that can help improve client satisfaction and increase loyalty.