Figure Financial,

135 S Mountain Way Dr, Orem, UT 84058, United States

Figure Financial is a finance institution located at 135 South Mountain Way Drive in Orem, Utah, United States. Our focus is on empowering small businesses and accounting professionals with innovative strategies and comprehensive tax solutions. We aim to demystify the complexities of taxation by helping small businesses uncover specialty tax credits they may be eligible for.

Through partnerships with CPA and accounting firms, we provide specialty tax credits to fill a gap in the industry. Our goal is to maximize value for our clients, enhance their financial health, and foster growth. We are committed to collaboration, integrity, and excellence, aiming to be the trusted partner in navigating the financial landscape for our clients.

The institution is closely monitoring the IRS guidance on the Employee Retention Credit program. The IRS has placed a moratorium on new ERC claims to prevent fraudulent applications. We will provide updates as new information is released.

Additionally, the Tax Relief for American Families and Workers Act of 2024 proposes to end the ERC program, pending Senate approval. We are not processing new ERC claims until a final vote is reached. Our team is monitoring the situation closely and providing updates on our blog.

For those who have already claimed the ERC, the IRS has created a withdrawal option to help those who were pressured or misled into filing ineligible claims. Withdrawn claims will not incur penalties or interest. If your withdrawal request is accepted, you may need to amend your tax returns. Seek help from a trusted tax professional if needed.