Since the Fall of 2022, the IRS has issued several warnings to employers to beware of third parties promoting improper Employee Retention Credit (ERC) claims. See IRS IR-2023-40 (Mar. 7, 2023); IRS IR-2022-183 (Oct. 19, 2022); COVID Tax Tip 2022-170 (Nov. 7, 2022)....
Employee Retention Credit
Top 4 Myths About ERTC
Since the Employee Retention Tax Credit (ERTC) was introduced in 2020 as part of the CARES Act there have been many updates and expansions. Luckily for business owners, these updates have made the ERTC more accessible to businesses that are struggling to get back on...
Employee Retention Credit: Over but Not Done
The federal government's Employee Retention Credit proved to be a lifeline for many businesses and their employees. The eligibility rules were complex and changed over time, as noted in an extensive IRS chart. Not all owners may have been able to figure out whether...