Tag: Employee Retention Credit

New ERC Credit Claims for 2023 Processing Stopped

September 27, 2023

The IRS has stopped processing new employee retention tax credit claims as of September 14. Due to an increase in ERC tax credit scams, fraud and to protect honest business owners, the IRS won’t process new employee retention credit (ERC) claims for the foreseeable future. The immediate moratorium on new ERC claims processing was announced¬†Read more…

Warning Signs of Employee Retention Credit Scams

August 9, 2023

Businesses and tax-exempt organizations should watch out for telltale signs of misleading claims involving the Employee Retention Credit. Scammers and unscrupulous promoters continue to run aggressive broadcast advertising, direct mail solicitations and online promotions for the credit. Many of these ads wildly misrepresent and exaggerate who can qualify for the ERC, which is sometimes alsoRead more…

What is The Employee Retention Credit and How Am I Eligible?

July 26, 2021

The pandemic has been hard on everyone, but there is good news. As an employer, if you were able to retain employees during COVID-19, the employee retention credit of the American Rescue Plan has been extended.¬† The Employee Retention Credit (ERTC) is a refundable credit businesses can claim on qualified wages, including specific health insuranceRead more…