Jerrika Anderson of Chamberlain Hrdlicka. (Courtesy photo) It's Your Money and You Need It Now: ERC Refund Anyone?
As the IRS continues its efforts to combat fraud and streamline processing, businesses that have legitimately qualified for the ERC should stay informed about developments and take appropriate actions to secure their refunds.
September 20, 2024 at 10:05 AM
6 minute read
Commentary
For many businesses grappling with financial strain in the aftermath of the COVID-19 pandemic, the Employee Retention Credit (ERC) has been a tremendous lifeline. This refundable tax credit aimed to incentivize businesses that either faced government-mandated shutdowns or experienced significant declines in gross receipts during 2020 and 2021 to keep employees on their payrolls.
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