SBA 7(a) loans up to $250,000 and ERC up to $26,000 per employee available in the Portal — Log In or Sign Up.
Visit https://portal.newitymarket.com to log in or sign up for your account.
View our Account Setup Guide here if you need any additional guidance.
FORGOT YOUR PASSWORD?
No problem, click Reset Your Password? on the login screen and an email will be sent for you to reset your password.
Navigate to the ERC tile within the Smart Portal Dashboard and click the ‘Apply Now’ button.
The first screen represents the ERC Refund Calculator. To estimate your ERC, please enter the average headcount of full-time employees for 2019, 2020, and 2021. After your estimated maximum credit appears, press ‘Save & Continue.’
Note: If you had three or fewer employees in any one year, you will be prompted to answer additional questions about full-time employee wages, as shown below. If wages were only paid to owners of at least 50.01% of the business, unfortunately, your wages are not eligible for ERC.
On the ERC Cash Options screen, you can select an offer unique to the NEWITY Members – whether you would like to receive your ERC refund within five business days of filing through Cash Now or within 9-12 months through Cash Later.
Use the ‘Select and Continue’ button to indicate how you would like to receive your ERC tax refund, Cash Now or Cash Later.
Before accepting and continuing to the next screen, please read and accept the Terms of Use, Privacy Policy, and Terms of Application by clicking all three boxes and pressing ‘Accept & Continue.’
If you selected, Cash Now, the Ownership Information screen requests the majority owner’s information.
Note: You only need to enter the majority owner to prequalify for ERC Cash Now.
After selecting ‘Add Owner,’ enter the first name, last name, and ownership percentage fields along with the owner type before clicking ‘Save.’
Note: You must complete additional ownership information after entering the first name, last name, and percent of ownership, indicated by the ‘Fill Out’ button.
If you are not the owner of the company and do not know the pertinent information for this form, it can also be shared with the contact via email by selecting ‘No, Share Form.’ If you are ready to complete the form, select ‘Yes, Fill Out Form.’
Be sure to click the ‘I am an authorized signer’ box at the top of the Personal Details screen.
Once all information is completed, press ‘Save.’ This will return you to the Ownership Information screen; click ‘Submit Ownership Details’ to continue your application.
In the following Application Details screen, please confirm your ERC refund history data.
Note: Additional documentation may be required if certain answers are selected within the Background Information section.
In the Business Information screen, please confirm that your business information populated correctly. If it does not appear correctly, please update it.
The Business Details screen captures the authorized signer and business control information. Please be sure to add any additional business owners or family members that are on the business’ payroll.
Please use the Review and Submit screen to make any last-minute changes via the edit options to the right of each subsection in your application. Once you have completed your review, select ‘Submit Application’ to send your responses to NEWITY for review.
Uploading documents is the final step in the ERC Application process.
There are two main sections in the Upload Document screen – Phase One and Phase Two. You can drag and drop or click the Upload button to provide support for each year.
Note: The documents requested in Phase One, Income Statements/Gross Receipts and Annual Payroll, must be uploaded to submit your application to NEWITY. You may bypass providing the Phase Two documents for initial application submission, but they will be required to finalize your ERC calculation for IRS submission.
If you chose to connect to the accounting and/or payroll platforms via Merge, a screen will appear to display the available accounting and payroll providers. The Merge feature allows you to log into your accounting or payroll platform to automatically provide income statements and/or payroll from 2019 – 2021 in the proper format.
If you do not choose to integrate your accounting and payroll platforms, you can manually upload documents by dragging and dropping or clicking the ‘Upload’ button.
Note: The documents requested in Phase One, Income Statements/Gross Receipts and Annual Payroll, must be uploaded to submit your application to NEWITY. You may bypass providing the Phase Two documents for initial application submission, but they will be required to finalize your ERC calculation for IRS submission.
Congratulations! Your ERC application has been successfully submitted. Please look out for an email from the NEWITY team with next steps.
In order to check the status of your ERC Application, please check back to the ERC Refund Process Timeline in your Portal Dashboard. Please visit the ERC Application Status Guide for any additional questions.
