The employee retention credit calculation is done to help the employer understand the total amount needed for business relief which ensured they gave qualified wages to the employees. In short, it is a fully refunded tax credit that employers can claim if they were forced to shut down operations...
allowing unscrupulous tax credit companies to flourish andrun amuckdue to the agency’s failure to educate employers or create processes or procedures to allow for proper application reviews. According to a 2022Department of the Treasury Inspector General report, “[c]ontinued processing delays have...
The Employee Retention Credit or ERC is a response developed by the American government to help employers. It was created under the Coronavirus Act, Relief and Economic Security Act (CARES) by Congress in the USA to motivate employers to keep workers on payroll and wages in when the unexpected...