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Payroll Tax Rebate Available! Get more information about the Employee Retention Credit!


What is the ERC - Employee Retention Credit?

ERC is a payroll tax refund born out of the same COVID relief bill as PPP, which incentivized businesses who kept employees on payroll during the pandemic. Originally, companies were limited in their ability to claim either PPP or ERC but not both. In early 2021, the rules changed and now your business can claim ERC even if you received PPP funds.

How is ERC different from PPP?

PPP was a forgivable loan. ERC returns to the business payroll taxes they already paid. Once you receive the ERC funds from the US Treasury no further action is required on your part.

How do you know if you qualify?

The rules provide two different ways to qualify based on negative impacts from Covid-19. In 2020 or 2021, did your business experience either: (a) limitations of commerce, travel or group meetings, or (b) a significant decline in revenue? If you answered yes to either of these, your business qualifies. Congratulations.


If you Claimed PPP, Then you Qualify for ERC


How is the refund calculated?

Determining the proper amount that you are entitled to is a complex accounting process that requires a detailed look into your business. One of the reasons that we choose Innovation Refunds is that their expert CPAs and Tax Attorneys determine, for free, exactly how much money your business is eligible to receive. Helping businesses to properly unlock these government incentives is Innovation Refunds’ specialty. 

Is there a cost? 

For Community Bank of Louisiana customers, there is no upfront cost to determine if your business qualifies, and if so, to receive what amount of money. Innovation Refunds on average invests 14 hours of expert CPA/Attorney time, at their expense, to determine your eligibility. You will never be charged for this time. If you decide to move forward Innovation Refunds merely shares in a percentage of the money that you actually receive from the government. 

How much time do you have? 

Government funded programs are subject to change meaning time is of the essence. As of today, you can obtain these funds but for how long remains uncertain. PPP, Restaurant Revitalization, and other funds ran out without notice. Act quickly to be sure you can claim your spot in line and receive the funds rightfully owed to you.


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Disclaimer: This is a referral service only. By clicking the Get Started button, I understand that this is not a product or service offered by Community Bank of Louisiana as the referring bank, and that the referring bank has partnered with Innovation Refunds in order to provide customer referrals for payroll tax credit assistance.