Businesses that want to repay money received from questionable employee retention credit (ERC) claims can do so through a new voluntary disclosure program announced Thursday by the IRS (Announcement ...
The legislation included provisions that formally brought the ERC program to a close and adjusted the rules governing claims that were still being processed.
Smart ERC, backed by Pinnacle Minds - the foremost authority in tax and financial solutions, continues to redefine the landscape for businesses seeking to capitalize on their financial opportunities.
The IRS is rejecting thousands of ERC applications and clawing back others, and it's now giving businesses that already received money an off ramp. Business owners that received a payout from the ...
Employee Retention Credit Small Business Guide to ERC Tax Credits from Disaster Loan Advisors. Image Credit: FeverPitched / 123rf. "With all the mis-information and complexities of the Employee ...
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, ...
The Internal Revenue Service is urging businesses that have filed claims for the Employee Retention Credit to make sure they didn't incorrectly claim the credit and to come forward if they did, as the ...
Citing the Employee Retention Credit—or ERC—as a “major concern,” the IRS has announced a voluntary disclosure program for businesses who want to pay back the ...
(StatePoint) The strength of the country relies on its estimated 33.2 million small businesses, which comprise 99.9 percent of all American businesses. COVID threatened, and in some cases forced, the ...