ERC
The IRS has introduced the Employee Retention Credit (ERC) Voluntary Disclosure Program through Announcement 2024-3. The purpose is to allow employers to resolve erroneous claims for the ERC, a refundable…
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The Internal Revenue Service (IRS) is stepping up its efforts to combat questionable Employee Retention Credit (ERC) claims. As part of its ongoing efforts, the IRS has announced an initial…
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On September 14, 2023, IRS Commissioner, Danny Werfel, ordered an immediate moratorium on processing new Employee Retention Credit (ERC) claims. The moratorium is expected to last until at least December…
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The Employee Retention Credit (ERC), also known as Employee Retention Tax Credit (ERTC), is a refundable tax credit established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act to…
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Special Projects Manager, Erin E. Kidd, MBA, EA, AFC®, has recently authored an insightful article titled “Be Prepared: Employee Retention Credit Audits Have Begun” in the May/June 2023 issue of…
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Employers that meet the eligibility criteria have until April 15, 2024 to claim up to a $5,000 credit for each eligible employee for 2020, and until April 15, 2025 to…
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With the introduction of the Employee Retention Credit (ERC), also known as Employee Retention Tax Credit (ERTC), the CARES Act created a lifeline for many businesses to weather the storm…
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Get the Credit You Deserve In response to the financial impact of the COVID-19 pandemic, the CARES Act established the employee retention credit (ERC) to encourage employers — including nonprofits…
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The Employee Retention Tax Credit (ERTC), also known as the Employee Retention Credit (ERC), is a valuable tax credit that was enacted by the Coronavirus Aid, Relief, and Economic Security…
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The CARES Act created a refundable payroll tax credit called the Employee Retention Credit (ERC) for qualified wages paid by an eligible employer between March 13th and December 31st of…
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