WHAT FACTORS MAY EFFECT THE DETAILS OF YOUR ERC ADVANCE AND PROCESS FOR YOUR BUSINESS?

Factors That Can Impact Your ERC Advance

 

The specifics of your ERC advance—such as timing, amounts, and qualifications—can vary depending on a few important factors:

• Business Size and Payroll History: The number of employees you retained, your payroll amounts, and how your business was impacted by COVID-19 all play a part in determining your eligible credit and advance amount.
• IRS Filing & Processing Times: The IRS sometimes takes longer to process ERC claims for certain types of businesses or specific forms, which can affect when you’ll ultimately receive your funds.
• Documentation Provided: The completeness and accuracy of your application and supporting documents—like payroll records and tax filings—can influence approval speed and payout amounts.
• Prior PPP or EIDL Funding: If your business has received other pandemic relief, like Paycheck Protection Program (PPP) loans or Economic Injury Disaster Loans (EIDL), your ERC calculation and timeline may be different.

Throughout this process, our experienced team will guide you—so you’re never left wondering what’s next.