Eligible startups that have been awarded employee retention credit (ERC) refunds from the IRS but haven’t received them will get a little bonus. The IRS is paying interest on these refunds to help compensate your company for the time you waited for your payment. Currently the IRS is backed up due to staffing challenges and pandemic stimulus programs, so some refunds have been delayed. Recognizing this, the IRS has been providing interest payments for refunds that are backlogged.