Employee Retention Credit

What Employee Retention Credit does

ERC Prep is a U.S.-based service provider that helps businesses claim the Employee Retention Credit (ERC), a refundable payroll tax credit introduced under the CARES Act in March 2020. Founded in 2020 and headquartered in Casper, Wyoming, the company serves employers with five or more employees that were impacted by COVID-19 government orders, supply chain disruptions, travel bans, or distancing requirements, as well as those that experienced significant gross receipts declines. Its core product is a proprietary ERC Preparation Software platform that connects with over 50 payroll, PEO, HRIS, and accounting systems (ADP, Rippling, Gusto, QuickBooks, Paychex, TriNet, Workday, BambooHR, Insperity, and others) to extract, transform, and load payroll data, and then to compute, document, and file Form 941-X amended quarterly federal tax returns on behalf of clients. The end-to-end service includes a secure document portal, eligibility analysis, refund calculation up to $26,000 per employee, filing, and IRS correspondence management.

The company operates on a contingency-based revenue model with no upfront fees, earning a transaction fee only when the IRS successfully processes the claim and issues a refund check to the client. GTM is sales-led, driven by content marketing, SEO, and consultative engagement via website forms, phone, and email; dedicated customer success managers guide each client through eligibility, control group testing, calculations, filing, and IRS follow-up. The customer base spans diverse industries (agriculture, transportation, construction, financial services, laboratory services, healthcare, marketing), with named logos including CURA, Vaniman, Kendall Farms, LYT, Move Easy, BL101, Spectrum Concrete, Ocean Lending, Contravent, and Encore Labs. The company is privately held, has no disclosed funding, no published headcount, and no public management team; it appears to operate entirely in the U.S. domestic market.

Name

Employee Retention Credit

Legal name

ERC Prep

Website

https://ercprep.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

1–10 employees

Short description

ERC Prep is a U.S. service provider that helps businesses claim the Employee Retention Credit using a proprietary software platform integrating with 50+ payroll and accounting systems, operating on a contingency-based fee model.

Ownership category

akta.pro rank

Headquarters

HQ city

Casper

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Contingency-based ERC Claims Processing: ERC Prep charges no upfront fees and does all the work for clients. Revenue is earned only when the IRS processes the ERC claim and issues a refund check to the client. This contingency model aligns company incentives with client outcomes - the company only gets paid when the client receives their payroll tax refund from the IRS.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

ERC Prep helps U.S. businesses that had five or more employees in 2020 or 2021 claim Employee Retention Credits (ERC) — a payroll tax refund from the U.S. Treasury — via a proprietary ERC Preparation Software platform that integrates with 50+ payroll, PEO, HRIS, and accounting systems. The company performs eligibility analysis against government orders, supply chain disruptions, travel bans, and gross receipts decline; calculates the payroll refund amount (up to $26,000 per employee); prepares Form 941-X amended returns; and follows up with the IRS on the client's behalf.

Product overview

ERC Prep is a single unified product offering: a proprietary ERC Preparation Software platform that provides end-to-end services for claiming Employee Retention Credits. The platform connects with over 50 payroll, PEO, HRIS, and accounting systems to extract payroll data, analyze eligibility, calculate refund amounts, prepare Form 941-X documentation, and manage IRS correspondence. The service includes a Secure Document Portal for data submission, Eligibility Analysis to assess government order impacts, an ERC Refund Calculation Engine for computing claims up to $26,000 per employee, and Form 941-X Preparation for filing amended quarterly tax returns. A dedicated customer success manager guides clients through the entire process including IRS follow-up. The company operates on a contingency basis with no upfront fees.

Differentiator

Problem solved

Functional benefit

Products and services

• ERC Preparation Software Platform End-to-end software platform that extracts payroll data from connected systems, analyzes government-order and gross-receipts eligibility, calculates the payroll refund amount (up to $26,000 per employee), and prepares Form 941-X documentation for U.S. employers seeking the COVID-19 Employee Retention Credit.
• Secure Document Portal A secure client portal that allows businesses to submit payroll and accounting data and required supporting documents to ERC Prep's team for ERC eligibility analysis, calculation, and filing.
• IRS Form 941-X Preparation and Filing Service Preparation and filing service for Adjusted Employer's Quarterly Federal Tax Returns (Form 941-X) covering qualifying 2020 and 2021 quarters, executed on behalf of U.S. employers claiming the Employee Retention Credit.
• IRS Correspondence Management Service in which ERC Prep's customer success managers follow up directly with the IRS on behalf of clients to resolve queries and ensure issuance of the ERC payroll refund check.

Quantifiable outcome

• Up to $26,000 per employee in payroll tax refund (2020: $5,000 per employee; 2021: up to $21,000 per employee)
• +2 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration74 records

Feature3 records

Partnerships

Ten partnerships are on record, tiered core.

• ADPcoreTechnology or IntegrationERC Prep's software platform integrates with ADP Workforce Now to extract payroll data for ERC calculations. This integration allows clients using ADP payroll to easily connect their data for ERC claim processing.
• RipplingcoreTechnology or IntegrationERC Prep integrates with Rippling Payroll Services to enable seamless data extraction for ERC claim calculations.
• GustocoreTechnology or IntegrationIntegration with Gusto Payroll Solutions allows ERC Prep to connect with Gusto users' payroll data for ERC processing.
• Intuit QuickBookscoreTechnology or IntegrationERC Prep's platform works with Intuit QuickBooks for both accounting and payroll data extraction needed for ERC claims.
• BambooHRcoreTechnology or IntegrationIntegration with BambooHR Payroll enables ERC Prep to process HR and payroll data for ERC calculations.
• PaychexcoreTechnology or IntegrationERC Prep connects with Paychex Flex and Paychex Oasis systems for payroll data integration.
• TriNetcoreTechnology or IntegrationIntegration with TriNet HR platform allows ERC Prep to extract necessary data for ERC processing.
• WorkdaycoreTechnology or IntegrationERC Prep's platform integrates with Workday for enterprise clients requiring ERC claim processing.
• InsperitycoreTechnology or IntegrationIntegration with Insperity Payroll, Benefits & HR Admin services enables ERC Prep to process payroll refund calculations.
• NamelycoreTechnology or IntegrationERC Prep connects with Namely Managed Payroll Services for seamless ERC data processing.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Market position

Weaknesses4 records

Competitive moat4 records

Customer concentration

• Instagraminstagram.com/ercprep
• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/erc-prep

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Employee Retention Credit