In the years since COVID-19 shut down the country, many businesses applied for the Congressionally-authorized Employee Retention Credit (ERC), a valuable relief program created during the pandemic to ...
More than five years have passed since Congress created the employee retention credit (“ERC”) through the CARES Act. Between then and now, Congress has changed the applicable law four times,[1] and ...
Editor’s Note: In September 2023, the IRS stopped processing new ERC claims. The IRS began processing ERC claims again on August 8, 2024. The IRS also announced a voluntary disclosure and repayment ...
Congress took aim at the Employee Retention Credit as part of its sweeping overhaul of the nation's tax landscape — and the legislation officially shuts out businesses that have already filed refund ...
When it comes to managing your company’s finances, it’s crucial to be proactive, efficient, and strategic. Every possible avenue for savings should be explored, and that includes leveraging credits ...