TaxTaker is excited to announce that we have added a new service to our suite of offerings: Tax Credit Financing.
With Research & Development Tax Credits and the Employee Retention Tax Credits, you are most likely looking forward to the tens of thousands of dollars you can get back. However, it can be difficult to wait to spend those funds while they are in the IRS’s court. If your business would like to take advantage of your projected tax credits early to reinvest into your business, TaxTaker can help. Whether cash on hand is tighter than usual, you just want to use your credits sooner, or your IRS refunds are taking too long, you can now use our Tax Credit Financing program to turn those credits into cash.
Make More Money, Faster
If you're a business owner, you know cash flow is key. Tax credits are a great way to reduce the amount of taxes you owe. But while it's great to get a credit at the end of the year, it can take anywhere from three to twelve months for the IRS to process your claim and deliver the funds.
That's when tax credit financing comes in. With tax credit financing, you can get an advance on your tax credit so you can get back to business faster—without waiting for the IRS.
How it works:
TaxTaker will help you determine your eligible credits and how much you can make from them, and will provide the loan. You can also choose to receive all or part of the funds upfront if needed!
TaxTaker collects a service fee only if you qualify for a tax credit. Our full fee is due upon completion of services. Your tax credit advance may also be used to pay for TaxTaker's services.
TaxTaker has exclusively partnered with Alternative.co to help your business tap into your funds sooner. Alternative is a lending provider that offers our clients an advance of their tax credit so they can get back to business faster. They have standard underwriting criteria you can typically pass quickly, and then the money hits your account within days of approval.
TaxTaker doesn't just help startups get more money; we help you get the most out of them and now, you can also access them faster. Our team will work with you to determine what type of financing option is best for your business needs and goals. We'll help you understand how the process works and walk you through the application process. And once everything is signed and approved, we'll take care of all of the paperwork so that it's simple for both parties!