The IRS is getting blasted with bogus claims for the employee retention tax credit (ERC) and is asking Congress for help. IRS Commissioner Danny Werfel also said Thursday that the IRS had ...

Tax officials see “red flags” in at least 70 percent of claims for the Employee Retention Credit program, IRS Commissioner Danny Werfel said.

The tax agency is plagued with backlogs in processing employee retention tax credits, and the lawsuits are springing forth. BY MELISSA ANGELL , POLICY CORRESPONDENT @ MELISSKAWRITES Jun 14, 2024 ...

Since the program’s inception in 2020, a new industry of tax preparation firms has popped up just to process claims for the Employee Retention Tax Credit, which allows businesses to collect up ...

The Employee Retention Credit (ERC) is a refundable payroll tax credit designed to help small businesses that were impacted by the COVID-19 pandemic. Eligible businesses still have time to file ...

The Covid employee retention tax credit is turning into a classic case of government waste and fraud. Congress created the mess, leaving it to the IRS to mop up.

The pandemic tax break was supposed to cost $55 billion. The bill so far: $230 billion, and rising.

TRYING TO UPEND THE NARRATIVE: A lot of the recent talk about the Employee Retention Tax Credit has centered on the IRS’s effort to stop people who weren’t eligible from claiming it.

For tax year 2020, eligible small businesses can claim 50% of the first $10,000 in wages per employee through the Employee Retention Credit. This adds up to a maximum of $5,000 per worker, and you ...

The employee retention tax credit is a legitimate part of the CARES Act pandemic aid enacted 2020. Its name is an acronym for coronavirus aid, relief, and economic security.

Better Business Advice is proud to present its list of the top Employee Retention Tax Credit (ERC) companies as of September 2023. Contacts. Andrew Mathews andrew@betterbusinessadvice.com.