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Imagine being able to earn a substantial commission by simply walking into, emailing, or calling almost any business, offering them a huge chunk of cash with no strings attached, and then doing the same thing with the next business.
With the ERCBolt Employee Retention Credit (ERC) affiliate program, you can do exactly that, even if you're a total beginner.
This is a unique and lucrative opportunity to help businesses while delivering unbeatable value.
The ERC credit is a refundable tax credit of up to $26,000 per employee that most organizations with five or more W-2 employees can receive.
Businesses and nonprofits can qualify if their business was in some way disrupted due to Covid or if their revenue decreased between 2020 and September 30th of 2022.
It is important for organizations to collect their credits sooner rather than later. This is because the IRS has a deadline for filing amended refunds meaning the deadline for ERC filing expires in 2025.
This means we have under two years to assist as many businesses and nonprofits as possible recover the funds they are owed.
Businesses can recover any amount of money through the ERC refund program as there is no limit. There are no rules on how the funds must be spent.
However, ERC is only accessible to organizations with 5 to 500 full time W-2 employees and unlimited part time employees.
Although $26,000 is the max they can receive per employee, organizations will more likely receive around $10,000 per employee if they took out a PPP loan (which many of them did.)
For example, a manufacturer with 100 employees could receive an ERC refund of around $1,000,000.
This is a significant amount of money for most businesses, so you are going to find them to be very open, excited, and grateful for letting them know this credit is available.
The ERC program, which was originally established under the CARES Act in 2020, has undergone several changes in its rules and regulations since then.
This has caused confusion among businesses, who initially had to decide between applying for PPP or filing for an ERC refund.
Many businesses found it simpler to obtain a PPP loan, leading to a high number of businesses choosing this option.
In early 2021, the rules for ERC were updated to allow organizations to claim the credit even if they received a PPP loan.
The problem is that many organizations are unaware that they are eligible for an ERC rebate. What's more, many accountants still believe the old rules are in effect.
Claiming an ERC refund is very complex and requires careful calculation to accurately file amended tax returns for 2020 and 2021.
This level of complexity can be intimidating for even the most experienced accountants, and they often don't want to get into it as a result.
In fact, we have many accountants sign up with us as affiliates to refer their clients.
You could compare this situation to a general practice lawyer versus a specialist. The Internal Revenue Code includes tens of thousands of pages of rules and regulations, and the ERC alone contains over 500 pages.
Similar to how lawyers do not try specializing in every area of law, most CPAs are not experts in every area of tax law. This is why it is best to leave ERC filings to US firms like ERCBolt that specialize in this area.
ERCBolt and its partners is one of the largest ERC-only CPA firms in the country. We have over 3,000 US employees and 3 offices nationwide.
And we take compliance very seriously. 3 separate CPA teams work swiftly to analyze the claim from multiple angles before we submit it to the IRS. This ensures nothing is left up to chance.
We give clients the option for us to take on all the risk by only paying a fee once they receive their credit. They can also choose an upfront payment or downpayment for a lower fee.
We only charge fees when we are able to put money back into our clients’ pockets. The fee we charge clients to obtain their ERC refund is ranges from 18% to 30% of their credit amount.
As a referral partner, you do not need to know any technical details of filing for ERC refunds. Our team of specialists at ERCBolt takes care of all of this for you to ensure that our clients recover every dollar they are owed.
Your only role as an affiliate partner is to introduce an interested business owner to ERCBolt, and our sales team will take it from there. In return, your commission is 5-10% of what ERCBolt collects.
To receive the higher commission, all the client has to do is submit their documents within 7 days. Whether you, someone from our team, or the business chooses to do this own its own, your commission is bumped 2x more.
And you don't have to wait to receive your payment. If businesses choose to pay upfront, you get paid upfront. If they don't, you're still guaranteed payment once they receive their credit.
Clients also have the option to receive their credit in as little as 6 weeks for an additional fee through our Rapid Rebate option. We're the only firm to offer this.
This is a huge selling point for you if the business you're referring wants to get paid fast.
Here is an example of how much you can make as a referral partner for ERCBolt. Let’s say you refer a qualifying business with 50 employees.
An organization with 50 employees can generally expect a credit of about $500,000. Your commission would be $4,500-$15,000 – just on that one deal!
How many deals like this do you think you could refer in a month?
That of course depends on the amount of effort you are willing to put in.
But even if you just sent out 10 emails a day to qualified organizations, you could probably get at least a couple of deals like this every month.
Can this become saturated?
Some individuals to worry about the potential for saturation when considering a referral program. Fortunately, in the case of the ERC opportunity, saturation is not a concern.
In fact, there is a vast untapped market to be explored. It is estimated that only about 100,000 out of the approximately 6 million eligible organizations in the US will file for the credit before the deadline. This means there is still a significant number of organizations that have not yet taken advantage of the credit.
Even if we were to reach out to and successfully refer thousands or tens of thousands more organizations, we'll barely scratch the surfare.
With less than two years left to take advantage of this opportunity, now is the time to act and make the most of this wide open market.
How long will it take to for me to get paid?
You will receive bi-weekly payments the fee is received. In general, it takes about 2 to 4 weeks from the time you refer a client to ERCBolt for the refund to be evaluated, then another 3 to 6 months for the IRS to send the check to the client.
If your client pays upfront, you get paid upfront. If your client chooses the Rapid Refund, you get paid in as little as 6 weeks.
Otherwise, once the client receives their refund check from the IRS, ERCBolt will pay you for your referral. While the timeframe for receiving payment may be a concern for some affiliates, it's important to view this as a longer-term opportunity.
If you're willing to work hard over the next one to two years, it's possible to earn seven figures.
What is the best way to advertise the ERC program?
Start with businesses in your area. Think about the places you frequent and the people you know. This can include service-oriented businesses like restaurants, gyms, bars, and retail shops, churches, private schools, and nonprofit organizations.
Choose a method for reaching out to these businesses You can visit them in person, make cold calls, send emails, use direct mail, or use online marketing methods. Pick the method that you feel most comfortable with.
Start the conversation by asking if the business has claimed their employee retention credit yet. This will either be a "yes," a "no," or a "what are you talking about?" If it's one of the latter two answers, you can use this as an opportunity to introduce ERCBolt as a fast and risk-free solution for helping businesses claim the credit.
You also get access to exclusive marketing materials, scripts, videos, live weekly training calls, and a private Facebook group to grow with other affiliates.
Why would a business owner just go to their accountant?
Even though some accountants may be familiar with the ERC, most are not specialists in this area of tax law.
If a business or nonprofit hasn't claimed their ERC by late 2022 or 2023, it's likely that their accountant doesn't know about it, doesn't know how to file it, or thinks the business doesn't qualify based on outdated rules.
In these cases, you can suggest that the business or nonprofit seek a second opinion from ERCBolt without any obligation, upfront cost, or risk.
Could the ERC run out of money?
It is unlikely the ERC credit will run out of money because it is funded by the taxes paid by employers. However, the rules for getting the credit have changed before and they may change again before the program ends.
That's why it's best to help businesses get their ERC refund now.