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Accelerate Tax Reviews

8.5

bestfor-icon Get Help Claiming ERC

lendstart
Written by Lendstart

About Accelerate Tax | Read More

8.3

LS Score

7.8

Credibility

9.2

Support

8.8

Accessibility

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Opening Hours Opening Hours drop-down-btn
Mon - Fri 9 am to 6 pm (EST)
Sat - Sun Closed
Contact Information Contact Information drop-down-btn
  • info@acceleratetax.com
  • 844-228-1151
  • 1430 Broadway Suite 902 New York, NY 10018
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Accelerate Tax Business Loans Review

Accelerate Tax is a firm that specializes in filing an employee retention credit (ERC) tax refund for small to medium-sized businesses. The company has a straightforward process that entails speaking with a professional who will review your business’ finances, organize your IRS filings, and submit your request to help you get the biggest cash refund possible. If your business qualifies for an advance payment option, you could receive this refund in as little as five business days.

Accelerate Tax Business Loans Highlight

Yes

Soft Credit Pull

Marketplace

Lender Type

None

Other Fees

None

Origination Fee

None

Prepayment Fee

New

Time in Business

Pros & Cons

drop-down-btn
  • con-icon If your business is eligible for the advance payment option, you could receive your tax refund within five business days
  • con-icon No upfront or hidden fees
  • con-icon Team of qualified experts with decades of combined experience
  • con-icon Businesses could receive 15% to 25% more than with competitors
  • con-icon Fee structure isn’t clearly outlined without speaking with someone
  • con-icon No terms or service or privacy policy page
  • con-icon Limited time in business
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Accelerate Tax Business Loans Terms & Requirements

Highlights 

Service Cost 

No upfront fees

20% service fee
Range of fees  20%
Money back guarantee  N/A
Enrolled agents  Yes
Upfront fee  None
One-time fee  N/A
Free Analysis  Yes

 

Type of Fees 20% service fee on the back-end

In-House Professionals Enrolled Agents, CPAs

Type of Provider In-house service 

Trustpilot Rating Excellent

➢ What’s in The Service 

Accelerate Tax breaks down their process into four basic steps:

  1. Speak with a financial expert or enrolled agent. They will then review your business’ financials and calculate your tax refund amount.
  2. An expert will continue reviewing your information and make additional calculations to maximize your employee retention credit tax refund.
  3. The team will then organize your IRA filings and look them over with you to ensure everything is accurate and accounted for.
  4. They’ll then file your forms to the IRS. You could then receive your tax refund within five business days if you qualify for an advanced refund. Otherwise, you may have to wait up to a year for the money to come through.

Once you receive your tax credit, Accelerate Tax will take 20% of that amount. You could, however, qualify for up to $26,000 per W-2 employee you had during 2020 and 2021.

Accelerate Tax claims that their CPAs can help you receive up to 25% more money than what they’d get if they went through another company. Even if your business had a PPP loan, you could also still be eligible for a tax refund, albeit at a smaller amount.

➢ Service Costs & Fees 

Accelerate Tax has no upfront fees. You will only pay if you don’t receive a significant amount of money from using their services. After the company successfully completes a case, they’ll charge up to 20% on the back end. Since there’s no upfront fee, there’s also no money-back guarantee policy.

How to Apply

State Availability

- Available in all states

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Lendstart aims to simplify complicated topics in the personal finance field. Gain insight from our thought leaders, seasoned industry experts, who strive to provide timely and practical information on current market trends.

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FAQ’s

What is Accelerate Tax?

Accelerate Tax is a new company — founded in 2022 — that specializes in helping businesses file and claim their employee retention credit, or tax refund.

Does Accelerate Tax offer loans?

No. The company helps its customers get a cash refund. This is not a loan.

Does my business qualify for an ERC if I did not lose any revenue during COVID-19?

It’s possible to still qualify for an employee retention credit, but you’ll need to provide proof that your business was impacted by either a complete or partial government shutdown.

Customer Support

When it comes to customer support, Accelerate Tax is committed to providing the best. If you call during business hours, you’ll be connected to a customer representative. However, if there’s a queue, you may first be connected to a bot that will then transfer you to a real person once one’s available.

Generally speaking, it doesn’t take long to connect with a representative. The support team is helpful, friendly, professional, and efficient.

Many online reviews also indicate that Accelerate Tax has a good reputation dealing with client issues. In fact, the company has 4.6 out of 5 stars on Trustpilot. The company is also BBB accredited with an A- rating.

Privacy & Security

Accelerate Tax does not have a lot of information about its privacy and security policies, potentially because it’s a newer company. However, the website does employ certain security measures — such as by having HTTPS as part of its domain — to help ensure user privacy.

Along with this, Accelerate Tax does not have an online application process, meaning customers do not have to provide personal or confidential information online. That said, the company’s CPAs will collect certain personal and business-related data during the process for filing purposes. This information is generally kept in a secure location.

Accelerate Tax is not a marketplace, meaning the company’s tax professionals and other experts keep everything in-house. While this doesn’t guarantee security, it helps.

In Conclusion

Accelerate Tax is a new company that focuses solely on helping businesses get a cash refund — or the employee retention credit — from the IRS quickly and with the maximum benefit possible. The team is responsive, informative, and friendly. Plus, the overall process is simple and doesn’t take much time.

The biggest drawback is that Accelerate Tax does not list its fee structure on its website. You’ll also need to contact them directly to get started with the service, which might be inconvenient if you’re unavailable during their business hours.

Brand Disclaimer

Accelerate Tax is not affiliated with the IRS or any other government agency. The information provided on this website is not intended to be used as tax advice and should not be relied upon as such. You should always consult with a qualified tax professional before making any tax-related decisions. Accelerate Tax does not guarantee the accuracy or completeness of the information provided on this website. The information is provided “as is” and without warranty of any kind, express or implied. Accelerate Tax disclaims all liability for any damages, direct or indirect, arising from the use of this website.