Employee Retention Credit

Get Your Refund Estimate in Five Simple Steps:


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Step One: Open a Colony Bank Business Checking Account

Already have a Colony business checking account? Skip to Step 2. Click here to open a business account with us.

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Step Two: Qualify by filling out the 12 minute application.

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Step Three: Upload supporting documents to Innovation Refund’s secure portal.

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Step Four: Get your docs reviewed by their specialized CPAs.

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Step Five: Check your projected refund amount for FREE!

Was Your Business Affected by COVID-19?

We have good news for you!

Colony Bank has partnered with Innovation Refunds, an expert FinTech provider, to help you unlock more government incentives and substantial cash refunds! Our preliminary analysis indicates that you likely qualify for up to *$26,000 per eligible employee on your payroll with the Employee Retention Credit. Click below to get started on your refund.


ERC is a payroll tax refund born out of the same COVID relief bill as PPP which incentivized businesses who kept employees on payroll during the pandemic. Originally, companies were limited in their ability to claim either PPP or ERC but not both. In early 2021 the rules changed and now your business can claim ERC even if you received PPP funds. That’s great news.
PPP was a forgivable loan. ERC returns to the business payroll taxes they already paid. Once you receive the ERC funds from the US Treasury no further action is required on your part.
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 bankers to find out more.
Determining the proper amount that you’re entitled to is a complex accounting process that requires an expert analogous to an Orthopedic Surgeon or Cardiologist. One of the reasons that we choose Innovation Refunds is that their expert CPAs and Tax Attorneys determine, for free, exactly how much money your business is eligible to receive. Helping businesses to properly unlock these government incentives is Innovation Refunds’ specialty.
For Colony Bank customers, there is no upfront cost to determine if your business qualifies, and if so, to receive what amount of money. Innovation Refunds on average invests 14 hours of expert CPA/Attorney time, at their expense, to determine your eligibility. You will never be charged for this time. If you decide to move forward Innovation Refunds merely shares in a percentage of the money that you actually receive from the government.
We all know that government funded programs are subject to change. Time is of the essence. As of today you can obtain these funds but for how long remains uncertain. PPP, Restaurant Revitalization, and other funds ran out without notice. Don’t delay; be sure to claim your spot in line and receive the funds rightfully owed to you.

Colony Bank is not affiliated with Innovation Refunds and makes no representation or warranty as to the quality, accuracy or reliability of the Innovation Refunds website.

*Subject to Tax Evaluation by Innovation Refunds

** Pre-qualification is not a guarantee of approval