The Employee Retention Credit (ERC) is a federal payroll tax credit designed to retain small business employees. Learn more about ERC services with Aprio.
On September 14, 2023, the Internal Revenue Service (IRS) announced a moratorium on processing new Employee Retention Credit (ERC) claims. In its News Release, the IRS stated that the moratorium is due to “rising concerns about a flood of improper Employee Retention Credit cla...
The Employee Retention Credit (ERC) is a federal payroll tax credit designed to retain small business employees. Learn more about ERC services with Aprio.
September 25, 2023 Over the past few months, we’ve seen a concerning increase of advertisements forEmployee Retention Credit (ERC)claims. This marketing is enticing since legitimate ERC claims can be very lucrative. However, these advertisements may intentionally be leading you into fraudulent claims...
In December 2023, the IRS launched the ERC Voluntary Disclosure Program. This innovative solution allows employers who have received ERC refunds to return a portion of them and avoid penalty. Update August 20, 2024: The IRS has opened a second Employee Retention Credit (ERC) Voluntary Disclosure...
There’s very welcome news for organizations still waiting on employee retention credit (ERC) payments. The IRSlast week announcedit’s releasing over 50,000 payments in the coming weeks with more planned payments for low-risk claims in the fall. ...
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Oct 23, 2023Filed under:Accounting, Bookkeeping, Invoicing,Employee Retention Credit Will The IRS Audit ERC Tax Credits? During an IRS audit, the IRS will notify you of the specific information you need to submit. However, some common documentation that you may be required to submit include pa...
Small businesses looking to take advantage of the Employee Retention Credit (ERC) must carefully evaluate all eligibility requirements and closely follow IRS guidance. It's imperative to choose the right advisor who can help you assess your eligibility, understand limitations to eligibility, a...
NEW YORK--(BUSINESS WIRE)--Better Business Advice, a leading business advice website, announces the publication of its comprehensive guide to the Employee Retention Credit (ERC) for June 2023. This Employee Retention Credit guide offers valuable insights into the ERC tax credit program and ...