Employee Retention Tax Credit If you retained employees during the Covid-19 Pandemic, your company is eligible to get an IRS tax refund of $26,000 per employee, regardless of whether your business declined or not. Complete the ERC Survey below to find out if you qualify. ERC Survey...
Learn how to apply for the ERC tax credit and receive your refund faster with ERC loans and advances. The IRS has stopped processing new claims for the ERC to protect filers from questionable claims. The processing pause will be in effect through at least the end of 2023. We will continue...
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 cl...
The Employee Retention Credit (ERC) is a federal payroll tax credit designed to retain small business employees. Learn more about ERC services with Aprio.
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...
In the face of a flood of illegitimate claims for the Employee Retention Tax Credit (ERC), the IRS has imposed an immediate moratorium through at least the end of 2023 on processing new claims for the credit. The reason the IRS cites for the move is the
According to an IRS publication, the Employee Retention Credit (ERC) is available to about70% of small businesses and non-profits. This COVID-relief program is worth$5,000-$19,000 per employeefor most organizations. It is widely misunderstood, even among CPAs and other tax professionals. ...
November 10, 2023 ERC Audit and Controversy Services Read the story September 18, 2023 Tax Alert: The IRS Will Stop Processing ERC Claims Temporarily, Amid Fraud Concerns By: Scott Shapiro, ERC Partner At a glance: Schedule a consultation with Aprio The full story: On September 14, 2023...
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The Employee Retention Credit program is laden with fraud. Fact: As of September 30, 2023, the IRSidentified only 352 potential case of ... Myth: The IRS was trying to protect small businesses and taxpayers from scams associated with the ERC when it forced a moratorium into effect. ...