A promise made is a promise kept; unless it’s the Employee Retention Tax Credit. The federal government made a promise to small businesses four years ago: Keep your employees on payroll during a ...
The IRS said Thursday that it will begin processing a backlog of claims for the Employee Retention Credit, a step forward for a program that was supposed to help businesses survive the coronavirus ...
To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min Thousands of small businesses ...
After a detailed review, the IRS says it plans to deny tens of thousands of improper high-risk Employee Retention Credit (ERC) claims. IRS Commissioner Danny Werfel said the extra looks “confirmed ...
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Popular credit gets the axe in sweeping tax overhaul
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 ...
A recent court decision in Utah suggests that businesses are willing to file lawsuits against ERC advisors, but the result also illustrates that a win isn’t guaranteed. At the peak of the pandemic, ...
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Tax credit worth thousands per employee is set to expire. Here's what businesses need to know.
A business tax credit worth thousands of dollars per employee is set to expire at the end of the year, potentially impacting ...
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