Guide: How to Claim your ERC Refund in 2023 (the right way).

Jennifer Hudson
January 10, 2023

The path to financial resiliency in a post-pandemic world often requires navigating through a maze of governmental aids, each with its set of rules, eligibility criteria, and application processes. Standing out among these aids is the Employee Retention Credit (ERC) Grant 2023, a beacon of hope for businesses striving to keep their operations afloat while ensuring their workforce remains intact. Unlike loans or other types of financial assistance, the ERC Grant 2023 is a refundable tax credit, acting as a direct lifeline to your business's financial heart, pumping in the much-needed funds to cover operational costs and stabilize your workforce.

As you venture into the realms of this governmental boon, understanding the nuances, the eligibility criteria, and the application process is crucial to successfully claim the benefits awaiting you. This guide aims to be your compass in this venture, elucidating the intricacies of the ERC Grant 2023, and guiding you step-by-step on the path to claiming your rightful financial relief.

Key Takeaway Table

Eligibility Criteria

Businesses affected by government mandates or gross receipt declines are primary candidates

Application Process

Three-step process: Eligibility Check, Document Submission, and Refund Receipt


Financial relief, workforce retention, and business stability

Background: ERC Refund

The Employee Retention Credit (ERC) was introduced as a part of the CARES Act in 2020 to mitigate the economic adversities instigated by the pandemic. Since its inception, the ERC has undergone various amendments to better suit the evolving needs of businesses. The essence of the ERC grant remains unchanged—it's a mechanism designed to provide direct financial relief to businesses, thus encouraging workforce retention, which is crucial for economic stability and recovery.

Eligibility Criteria for ERC Refund in 2023

Eligibility for the ERC Grant 2023 hinges on several criteria. Primarily, businesses and non-profit organizations that paid wages, tips, commissions, and other compensations to W2 employees during the specified periods are eligible. The grant is particularly beneficial for entities that had to reduce or suspend operations due to government orders, or those that experienced a substantial decline (50% or more) in gross receipts.

Application Process for ERC Refund: 2023

The application process for the ERC Grant 2023 is streamlined to ensure a hassle-free experience for applicants. It comprises three key steps:

1. Eligibility Call: An initial call with ERC experts to ascertain your business's qualification for the grant and provide an estimate of the expected amount.

2. Submit Documents: Utilizing a secure portal for document uploads, ensuring all necessary paperwork is correctly filled out and submitted.

3. Get Your Refund: After successful document submission, simply wait for your refund check from the IRS.

Professional guidance is invaluable in navigating the application process. Experts can help decipher the eligibility criteria, assist in document preparation and submission, ensuring a smooth process en route to receiving the financial relief your business needs.

Professional Guidance in Claiming the ERC Refund

The process of claiming the ERC Grant 2023, though streamlined, requires a meticulous approach to ensure accuracy and compliance. Professional guidance, like that offered by New York Savings, can be invaluable. With a team of ERC experts at your disposal, the seemingly daunting task of claiming the ERC grant becomes manageable and efficient. Through a case study, we explore how New York Savings has aided various businesses in successfully navigating the ERC grant process, unlocking substantial financial relief.

Internal Resources:

New York Savings offers an array of internal resources to assist businesses in the ERC Grant 2023 application process. From a free eligibility check to a contingency-based service and a results guarantee, these resources are designed to provide a risk-free, confident approach towards claiming the ERC grant.

Testimonials and Customer Experiences

The journey through the ERC Grant 2023 application process is elucidated by the experiences of businesses that have navigated this path. Testimonials from various clients underscore the invaluable support provided by New York Savings:

• Clarity and Consistency: Clients appreciate the clarity with which the team operates, ensuring projections and outcomes align seamlessly.

• Reliability and Precision: The reliability of the service and the accuracy of the projections were highlighted as notable strengths.

• Personalized Approach: A proactive, personalized approach made the process feel tailored for individual business needs, making a typically complex process seem straightforward.

Testimonials and Customer Experiences

The financial relief provided by the ERC Grant 2023 has had a substantial impact on businesses:

• Financial Breathing Space: The direct financial support alleviates economic challenges, providing the much-needed breathing space for businesses.

• Workforce Retention: By providing financial relief, the ERC Grant 2023 supports businesses in retaining their workforce, which is crucial for operational continuity and economic recovery.

• Business Stability and Growth: With the financial burden eased, businesses can focus on stabilization and growth, laying a strong foundation for future success.

Testimonials and Customer Experiences

Financial Relief

Direct financial support to alleviate economic challenges

Workforce Retention

Encouragement for businesses to retain employees during tough economic times

Business Stability

Fostered environment for business continuity and economic recovery


The ERC Grant 2023 serves as a lifeline for businesses during these challenging economic times. With a streamlined application process and professional guidance from experts at New York Savings, claiming the ERC grant becomes a less daunting task. The real-world testimonials affirm the positive impact of the ERC Grant 2023, showcasing the tangible benefits businesses can reap.

Encouraged by the success stories and the professional support available, businesses should consider exploring the ERC Grant 2023 as a viable option for financial relief. A free eligibility check offered by New York Savings provides a risk-free starting point to determine your business's qualification for this financial reprieve.

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