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Apply today for a payroll tax refund! 

Businesses may qualify for up to $26,000 per eligible employee.*

Does your business qualify? 

American Bank & Trust is partnering with Innovation Refunds to provide new and existing American Bank & Trust customers with a turn-key solution to the Employee Retention Credit program. Funded by the Covid-19 Relief Bill, qualifying businesses are eligible for a tax refund of up to $26,000 per employee.* Innovation Refunds helps American Bank & Trust customers navigate this limited-time opportunity to maximize their refund potential.

Get your refund estimate in five simple steps:

  • Step 1: Open an American Bank & Trust Business Account Today!
    View Our Business Accounts 
  • Step 2: Qualify by filling out the 12-minute application.
  • Step 3: Upload supporting documents to Innovative Refund's secure portal.
  • Step 4: Get your docs reviewed by their specialized CPAs.
  • Step 5: Check your projected refund amount for FREE!



What are others saying?

"Innovation Refunds has a great team of professional and dedicated people. At first, I was quite skeptical about their program. I soon found out, following their requests and instructions, that the IRS accepted our claim, and I was amazed and thrilled that our refund exceeded their estimate. 6 IRS checks arrived in a timely manner totaling the entire refund at one time. These are great people and I highly recommend them and their company." Date of experience: October 05, 2022

"I was really hesitant about this, especially when my accountant said that I was not eligible. Innovative refund convinced me that I was and they worked with me to gather all the information needed for submission. It did not take too long after they submitted to get my money. I am really glad I did. Please take advantage of what is given to you by the government to run your business. Time is hard." Date of experience: October 05, 2022


Frequently asked questions:

What is the Employee Retention Credit (ERC)?

ERC is a refundable payroll tax credit. Born out of the same CARES Act as PPP, its aim is to provide economic relief for small and medium businesses who retained employees during the COVID-19 pandemic. Initially, eligible employers could only take either PPP, or ERC. In 2021, as part of the Consolidated Appropriations Act, Congress amended this provision, allowing businesses to apply for both.

How is ERC different from the Paycheck Protection Program (PPP)?

PPP was a forgivable loan. ERC returns the payroll taxes that your business has already paid. Once you receive the ERC funds from the US Treasury, no further action is required on your part.

Why haven't I heard about ERC before?

PPP was heavily marketed by the SBA, while ERC is claimed directly through the US Treasury. Along with our bank partners, it’s our mission to educate you and obtain for your business the payroll tax refund that it’s entitled to.

Why can't my CPA do this for me?

There are over 70,000 pages of tax code; it’s impossible to be an expert on all of them. ERC is all we do. It’s like the difference between your family doctor and a neurologist. By concentrating on this one program, we understand the intricacies and nuances involved in determining your eligibility and accurately calculating your refunds.

How do I know if my business qualifies?

The IRS expects 70% - 80% of small and medium businesses to qualify. If your business experienced disruptions to commerce, travel, or group meetings, you qualify! This includes supply chain disruptions, price increases, staffing shortages, difficulty hiring, reduced hours, reduction in goods or services offered, were unable to travel, or attend conventions. Talk to one of our Refund Specialists to find out more.

What if we wait to claim ERC?

Time is of the essence as the program has technically expired. We have a limited window of time to claw back the money which is rightfully owed to you. The program could run out of allocated funds at anytime and is subject to the whims of congress. Don’t delay!

Do I have to pay this back?

It’s a refund of payroll taxes. It’s YOUR money! There are no limitations on how you use it.

My business was profitable or deemed essential, can I still qualify?

Absolutely! Both Essential and Non-essential businesses alike can qualify, and a decline in revenue is not required. Many of our clients even had increases in sales, but still experienced disruptions or were negatively impacted.

What is your fee and when do we pay it?

There are no up-front fees or obligation to receive your refund analysis. Once engaged to recover your refunds, our fee is 25%, with no hidden costs. You will never come out of pocket to pay our fee. We’re paid only as you receive your refund checks. Our fee includes preparation of your claims by an expert CPA or Tax Attorney who specializes in qualifying, substantiating, calculating, and claiming ERC refunds. We also stand behind our work with Audit Protection at no additional cost, backed by $2m in liability and E&O insurance.

How long will it take to get my refund?

Our work will be completed within 30 days of receiving your documents. You’ll receive refund checks from the US Treasury in 5 - 8 months depending upon backlog. The longer you wait, the longer it will take!

How is the refund calculated?

Determining the proper amount that you’re entitled to is a complex accounting process. Although these are payroll tax credits, what you’ve paid in payroll tax has no bearing on your ERC calculations. The refunds are based on many factors including qualifying quarters, number of employees, hours worked, wages paid and if applicable, PPP loans, group health premiums and participation in other government programs to name a few.

But I've been told my business does not qualify.

Our team has already recovered over $1 billion dollars in refunds that businesses were entitled to. Many times for companies who were previously told they didn’t qualify. It won’t cost you a penny to see how much we can recover for you.

What should I expect after the application is submitted to the IRS?

Due to the Employee Retention Credit, the IRS is currently working through a backlog of amended Form 941 fillings. This means you could experience an extended wait time before you receive your refunds. Average wait times are 10 - 14 months for pending applications and 16+ months for new applications.

How do I check the status of my ERC refund?

To check the status of your refund, you can call the IRS directly at (877) 777-4778. You can also always reach out to your Customer Service Champion for any updates throughout your refund process.

How do I apply?


American Bank & Trust has partnered with Innovation Refunds to assist small and medium-sized businesses attain cash incentives from federal and state governments.

*Subject to Tax Evaluation by Innovation Refunds. Pre-qualification is not a guarantee of approval. American Bank & Trust is not affiliated to Innovation Refunds and makes no representation or warranty as to the quality, accuracy, or reliability of Innovation Refunds website.