The Employee Retention Credit was introduced as a relief measure to help businesses retain employees during the COVID-19 pandemic. However, the program faced numerous challenges, including a high ...
The taketh part of the bill is the proposed early cut-off of filing for the Employee Retention Credit (ERC ... or the ERC Voluntary Disclosure Program (ERC-VDP) if you have already received ...
In a May 2021 article in Think Outside The Tax Box, I referred to the Employee Retention Credit as the ugly stepchild of the 2020 CARES Act. The reason was that the Paycheck Protection Program was ...
But the arrest highlights a growing concern at the IRS over the Employee Retention Credit and related ERC scams that exploit the program for personal gain. What is the employee retention credit (ERC)?
The employee retention credit program was designed to provide relief to businesses and tax-exempt organizations. Eligible businesses were shut down during the pandemic due to government orders ...
“It’s past time we end this program — the conditions that ... More information on the Employee Retention Tax Credit Repeal ...
Billy Long worked with Lifetime Advisors, a company that solicited clients to claim a pandemic-era tax credit that the I.R.S.
In the midst of economic recovery from the covid-19 pandemic, many businesses that relied on the Employee Retention Credit (ERC) to stay afloat are now facing a new challenge: ERC recapture ...
For 2021 this credit can equal up to $14,000 for each eligible employee. CLA also provides a service on handling all of the paperwork involved in dealing with the ERC. If this is something you may ...
Democratic senators are demanding answers on President-elect Donald Trump's nominee for IRS commissioner and former Rep.
President-elect Donald Trump’s selection for the next leader of the Internal Revenue Service is a peddler of the popular employee retention tax credit, a pandemic-era program that quickly became ...