EIAG Helps Clients to Share of 1.9 Trillion

Colman mentions that businesses and organizations benefiting most from the ERC program include retail & retail franchises, small and mid-size business owners (500 or fewer employees), restaurants, dental practices, physical therapists, architectural firms, specific construction trades, churches, hospitality, and others. “This is a much wider net of eligible businesses than normal. Typically, these incentives are slated for large-tech and manufacturing. Not anymore. These programs are designed for the majority of U.S.-based businesses.” Stated Colman.

EIAG specializes in tracking these programs, creating systems that help businesses initially apply and then manage the reporting necessary to stay in compliance. EIAG also developed a tool called the Funding Plan. Clients are automatically updated on the programs through the Funding Plan as Congress or a state legislature announces new programs, rule changes, funding amounts, eligibility guidelines, or application due dates.

Great opportunity often brings some risk. This is a time for caution and buyer-beware when unknown consultants contact a business about these programs. Many reputable firms in the industry have been managing credits and incentives for decades, similar to EIAG. However, the amount of money available to businesses has created a cottage industry, and many “pop-up” firms appeared on the scene late last year. “When speaking with a potential consultant, make sure to ask how long they have been around, their long-term business strategy, and request references,” Colman advises. “You want to make sure the firm you choose to trust will be around in the event you experience an audit down the road.”

The EIAG team members have secured over $1.2 billion in government grants, tax credits, and other business incentives nationally over the past 20-plus years. With the infrastructure already in place to help existing clients and new businesses apply, EIAG offers a success fee model. This structure is 100% success-driven, which means the client only pays once an incentive is secured. In the case of the ERC, clients never pay fees until after receiving a tax refund or a successful credit claim. This eliminates the financial risk for the business and makes it very easy to move forward.