Are you struggling to capitalize on new business opportunities and just going through your day wondering how you’ll pay your expenses and stay afloat but heard about how to get up to $26,000 PER Employee In A Refundable payroll tax credit to help you push forward?
Welcome into this In-depth Innovation Refunds Review where I “Michael” a multiple business owner and long-time business funding expert (with Viral Funding Solutions) will be pulling back the curtains to show you how to get up to $26,000 Per Employee before it’s too late (running out soon), the pros and cons of Innovation Refunds, the alternatives and much so you can finally power yourself and your business forward but first…
Did you know EIDL and PPP Funding have an uncertain future and LOADS of business owners are waiting…and waiting…and BUELLER...well you know where this is going, right? But you’re a savvy business owner and you know you need to kickstart and keep your business moving forward and to get that Generous reward for being able to retain your employees, so…
Before you see the juicy details, let’s answer the question on your mind - Is Innovations refunds legit? Yes, 100%, HOWEVER, that doesn’t mean they are the BEST for you and in this review, you’ll find out for yourself without hesitation of action.
Alright, now that you know the question to Is innovation refunds legit and more, let’s get into it.
What Is Innovation Refunds?
Innovation Refunds is a platform designed to help business owners and businesses of many types claim the Employee Retention Credit (ERC) which is a fully refundable payroll tax credit issued by the Treasury Department and passed by the CARES act and then to a few others where businesses can get up to $26,000 per employee for retaining their employees through the peaks of COVID and the disruption it brought that caused businesses to pause and shift their way of operations and more.
The CEO of the Innovation Refunds is Howard Makler and the president is Skip Smith and with their great efforts have assembled a team of people assisting business owners to claim the ERC Credit without a hassle.
Why Innovation Refunds?
Innovation Refunds have these values:
- Fun
- Integrity
- Resilience
- Excellence
Aside from that, they have the right support you can count on with a dedicated executive specialist assigned to your account.
Let’s go deeper inside now.
Going Inside Innovation Refunds
Taking it from the home page, you’re likely to see something like this:
Before we see the application process breakdown, let’s go down the rest of the page.
Clients Claiming $4 Billion+...
As you can see from the image above, there are many companies who’ve received the ERC credit and they are industries in:
- Manufacturing companies
- Automotive
- Staffing and Recruiting
- Security
- Construction
- Healthcare
- And Many More
You'll see on the Innovation refunds.com site this too...
How To Qualify...
- Your business must be a "small business" and as defined by the government like this:
- an employer operating a trade business, or a tax-exempt organization.
- Have fewer than 100 full-time employees (calculated from 2019) for the 2020 ERC Refund
- Have fewer than 500 full-time employees (calculated from 2019) for the 2021 ERC Refund.
- If you meet the following criteria:
- You experienced a significant decline in your gross receipts during the 2021 calendar year but more so calendar quarter, you had more than a 20% decline versus the same quarter of 2019, and 50% decline in the 2020 calendar year. OR...
- You had operations that were impacted by govenment orders/mandate due to COVID-19 that resulted in limiting your commerce, travel or meetings. This could mean being impacted by one or more of the following:
- Your business operations were interupted.
- There were interuptions in your supply chain.
- You had an inability to access equipment.
- Your business was limited to a capacity to operate.
- You wer unable to do work with your vendors.
- Your hours of oepration were reduced.
- Your available services that you offer to customers were limited or reduced.
P.S Don't meet the qualifications and want to see ALL The best startup and non-startup options in one simple document? Click here to see the funding options in a document
3 Step Simple Process Looks Like This…
- STEP 1: You will check your eligibility. You’ll be able to create an account and tell the team a little bit about your business.
- This can take you about 8 minutes or so.
- STEP 2: You will file your claim. You get to submit your documents to the team.
- The network of tax attorneys and CPAs will work hard to verify your claim and uncover every credit your business could be eligible to receive.
- The team doesn’t get paid until your business gets paid
- The network of attorneys will defend their work
- They offer audit protection at no additional cost
- The network of tax attorneys and CPAs will work hard to verify your claim and uncover every credit your business could be eligible to receive.
- STEP 3: You will get your Money. Then the check comes in the mail from the US Treasury
When you’re filing, you can easily connect your accounting and payroll software to collect necessary documents in minutes.
Innovation Refunds Application
When checking your eligibility here’s something you may see:
On this page, you’ll go through a couple of steps which entail your:
- Eligibility information
- Personal information mixed with your business information
- Additional Details for processing your request
So the Innovation refunds solutions they have are mainly the ERC Credit.
Innovation Refunds Reviews
Here’s what others are saying:
Here's the Innovation Refunds Trustpilot ones:
Besides these innovation refunds solutions reviews up above, see this with the BBB...
Innovation Refunds BBB
The Innovative refund solutions bbb rating According to the Better Business Buerau, Innovation Refunds has a score of 4.91/5 and a BBB Rating and Accreditation of an A.
So while it's not a question of "is innovation refunds legitimate" at this point as you can now see, ther is this when it comes to compalints...
Innovation Refund Complaints
How Much Does Innovation Refunds Cost?
There are no upfront application fees or hidden costs as well as no obligations to receive your refund analysis. Once engaged and processed your business’ refunds, the fee is then 25%, without hidden costs. You won’t pay out of your own pocket.
Now, this is quite a large fee but with a large fee it can be more precise work and more efficacy to recover more along with the amount of work it takes, But after working with many business owners myself, I found an alternative solution where the fee is 10% If you decide to pay upfront or 15% for later and it’s SUPER efficient and effective with recovering MAX credit…
And if you’d like to see my #1 recommendation and with my internal team of payroll management experts who’ve been doing this for over 10+ years and it’s a simple ERC Credit recovery process, then click the button below to see.
Who Is Innovation Refund For?
Innovation Refunds is for Businesses and business owners who have W2 employees and up to 500 to recover credit for the right years. Here’s more:
- Business owners who want a FREE Refundable payroll tax credit that they can put the credit back into their business and make it work for them without having to pay anything back
- You are struggling with expenses, growth and expansion and need to recover so you look at the ERC Credit to help you and to get ready for the quarters ahead
- A Variety of Industries
- You don’t want to miss out and regret it
Who’s It Not For?
- You Don’t have W2 Employees
- You are self-employed and not paying W2 wages for others. If you’re a majority owner (over 50%) of your company then your wages do not qualify
- People who don’t care about Free credit and refunds
- You didn’t meet the W2 employee qualification along with one or more qualifications.
- You don’t want to pay so high of a fee and want a better option
Related: ERC Webinar Blog Post
Pros And Cons:
Pros:
- Simple process to get through the application, to uploading and then claming your credit
- Has helped plenty of businesses recover credit
- Simple eligibility details
- Fast application process
Cons:
- Higher fee than others out there
Alternatives
There are Most definitely other alternatives out there and down below is the one I believe to be best and critical to helping you get Max credit while keeping your fee low and the communication and support is top notch (it’s the first one listed below)...
By Far, the first option above is best because you get a dedicated team of payroll management experts who understand the complex tax codes and have been doing this for many years and effectively helping recover business owners A LOT of credit without a hassle and filing through the IRS on your behalf and more..
And If you’d like to see the specific review on them I made along with the Complete A-Z no cost application process with how to upload your payroll and tax documents, click the button below to see the process from start to finish…
What I Liked Most About Innovative Refunds
If there was one thing to pick from, I’d say the variety of clients they’ve serviced along with helping claim a lot in payroll tax refunds for many clients. It’s also a simple process to go through without a hassle.
What I Liked Least
I don’t really like the 25% fee even if it is effective, I believe there are better out there with lower fees (like I said earlier the 10%-15%).
Alright lets finish this Innovative refunds solutions review with some final thoughts.
Final Thoughts
What was your favorite part about Innovation Refunds? Did you have a least favorite part? It's not a question of "Is innovations refunds solutions legit" but is it best for you.
With Innovation Refunds you get a simple process to recover credit and the team does most of the heavy lifting but look…
There are LOADS of these company’s popping up wanting to help your recover ERC Credit thaty makes it hard to decide who to go with but at the end of the day you need to think about this…
Who will help you MAX your Credit at the most effective and efficient level while also being open to stacking on top of it meaning, while you’re waiting for your ERC credit (which takes 6-8 months or so), what other options are available in the meantime?
As a business loan broker expert which is another way of saying I care about YOU as a person first and in your business second and who’s navigating the online world of private lenders and all these different services, I’ll help you strategically put in place the right roadmap for longer-term success without getting yourself into the wrong funding service(s)...
And this goes way beyond just recovering ERC Credit - You may be curious about credit-based funding, cash-flow-based funding, and even collateral and along the way after you get your ERC Credit, if you need help understanding these other services, I’ll be there to help you for that as well.
If you’re ready to see my #1 recommended ERC Credit service, then click the button below to see the A-Z application process and to get started for free before it’s too late and the program runs out and you’re then wondering “what if”.
