Innovation Refunds Helps Companies Take Advantage of Employee Retention Credit
The COVID-19 pandemic rocked small and mid-size companies to the core, causing nationwide shutdowns for many. Innovation Refunds, an industry leader in turnkey tax solutions co-owned by over 100 banks, has continued to play a critical role in helping businesses — many of whom were unsure whether they qualify — claim more than $1 billion in refunds since March 2020 through the Employee Retention Credit (ERC).
This payroll tax refund was created to incentivize businesses that kept employees on the payroll during the pandemic. Due to several changing regulations, many businesses are not even aware they qualify for the ERC; at the time, numerous companies received Payroll Protection Program loans (PPP), and if they received this loan, they no longer qualified for the ERC. Since then, the rule has changed, and they can now qualify even if they did receive PPP loans.
Qualifying for the ERC could make or break a business in today's economy. With the ERC, companies are eligible for a payroll tax refund of up to $26,000 per employee, even if they have received PPP funds. The average refund is $400,000 per qualified business, with more than 80% of businesses qualifying.
Innovation Refunds aims to prevent companies from leaving money on the table. For companies that qualify, Innovation Refunds has a team of seasoned Certified Public Accountants (CPAs) and tax lawyers who manage all required documentation for businesses to claim the credit and compile all required documents into a seamless, turnkey package with no upfront costs.
"Qualifying for the ERC can be a game changer for a company that has been significantly impacted by the pandemic," said Howard Makler, CEO of Innovation Refunds. "Our team serves as a valuable resource in helping companies take advantage of the opportunities and funds that have been provided to them through the federal government."
Innovation Refunds provides clients with real-time IRS status updates throughout the application process and leverages industry experience and knowledge to help businesses claim the funds provided by government programs.
For many small business owners that have partnered with Innovation Refunds, a significant burden has been lifted during these trying times. Through a customer testimonial, Mark Houde, owner of Carolina Sports Inc., shared, "Bringing big corporate tax refund services to those of us who normally would not have access is genius. Working with the Innovation Refunds team has been a positive experience and their dedication to customer service is impressive."
For businesses looking to easily determine their eligibility to claim the ERC, or to learn more about Innovation Refunds, visit www.innovationrefunds.com.
About Innovation Refunds
Our mission is to assist small and medium-sized businesses to attain cash incentives from federal and state governments.
Our team is mostly comprised of "Big Five" accountants and lawyers who utilize the same methodology used for Fortune 500 companies.
Co-owned by 100+ banks, our value is derived from our extended network of enterprise partners, financial institutions, cutting-edge technology resources, and trusted advisors.
To learn more, visit www.innovationrefunds.com.
Media Contact
Maria Penaloza
maria.penaloza@newswire.com
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Original Source: Innovation Refunds Helps Companies Take Advantage of Employee Retention Credit
Digital Resource Named to Inc. 5000 List of Fastest-Growing Companies for Fifth Time
Digital Resource Announces Inc. 5000 2022 Ranking
The Digital Resource Team announces the company's Inc. 5000 ranking on its new second floor in West Palm Beach, Florida.
Digital Resource is the 3917th fastest-growing private company as ranked by Inc. Magazine's annual Inc. 5000. This is the marketing agency's fifth consecutive year making the list, a milestone only one in 10 companies that make the list achieve.
"Digital Resource is honored to have our sustained growth recognized by Inc.," says Shay Berman, the founder and president of Digital Resource, who started the company in 2014 at age 23. "It was always a dream to make Inc. 5000, and I am beyond grateful that our team's hard work has made that dream a reality five times over!"
Digital Resource debuted on Inc. 5000 at #262 in 2018. Since then, the company has seen exponential growth. Now with nearly 130 employees serving 700+ clients in its downtown West Palm Beach office, the company will complete the buildout of its second floor at the end of August 2022.
Additionally, Digital Resource acquired a dental marketing agency in Nashville, Tennessee, in April 2022. The acquisition brought new talent and services that bolstered the agency's nationwide presence.
Director of Client Operations Nathan Mendenhall says, "As an organization, Digital Resource is constantly searching for ways to improve whether it be in our client service, processes or culture. If we keep collaborating, innovating and enjoying the process, the sky is the limit."
To learn more about Digital Resource and its history as an Inc. honoree, visit: https://www.inc.com/profile/digital-resource.
About Digital Resource:
Founded in 2014, Digital Resource is a full-service internet marketing agency headquartered in West Palm Beach, FL. The company's winning solutions and experience deliver great results for businesses in all verticals across several key areas, including but not limited to search engine optimization, social media marketing and lead generation. Digital Resource has a proven track record in generating online leads and sales, elevating brand market share, and proving return on investment.
For more information, please direct all inquiries to Emily Creighton at (561) 429-2585 or email press@yourdigitalresource.com.
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Original Source: Digital Resource Named to Inc. 5000 List of Fastest-Growing Companies for Fifth Time
Instawork Ranks No. 456 on the 2022 Inc. 5000 Annual List
SAN FRANCISCO - August 16, 2022 - (Newswire.com)
Today, Inc. revealed that Instawork is in the top 10% of listed companies on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy's most dynamic segment—its independent businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.
"Instawork is delighted to be in the top ten percent of this year's Inc. 5000 list," said Sumir Meghani, Instawork CEO and Co-Founder. "Our rapid growth is a direct result of the passion and resilience of the businesses and workers who connect through our flexible work app each day."
The companies on the 2022 Inc. 5000 have been successful despite supply chain woes, labor shortages, and the ongoing impact of Covid-19. Among the top 500, the average median three-year revenue growth rate soared to 2,144 percent. Together, those companies added more than 68,394 jobs over the past three years.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. Instawork and the other top 500 companies will be featured in the September issue of Inc. magazine, which will be available on Aug. 23.
"The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated," says Scott Omelianuk, Editor-In-Chief of Inc. "Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today."
Instawork was recently named the 2022 "Innovator of the Year" by the National Association for Catering and Events (NACE) and the 2022 ACE Award recipient for "Best Innovation." Instawork was also recognized as one of the "Best Business Apps" by Business Insider and as one of the "Best Apps of the Summer" in 2021.
About Instawork
Founded in 2016, Instawork is the leading flexible work app for local, hourly professionals. Its digital marketplace connects thousands of businesses and more than three million workers, filling a critical role in local economies. Instawork has been featured on CBS News, the Wall Street Journal, The Washington Post, Associated Press, and more. Instawork helps businesses in the food & beverage, hospitality, and warehouse/logistics industries fill temporary and permanent job opportunities in more than 25 markets across the U.S. and Canada. Follow us on Twitter, Instagram, LinkedIn, and Facebook.
Media Contact
Kira Caban
Head of Strategic Communications
press@instawork.com
About Inc.
The world's most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference & Gala is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com. For more information on the Inc. 5000 Conference & Gala, visit http://conference.inc.com.
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Original Source: Instawork Ranks No. 456 on the 2022 Inc. 5000 Annual List
Business News – 06 June 2022
Alexander Forbes’ new approach is paying off; A takeover offer for Hulamin has fallen through; Impala Platinum has
