What Is the Employee Retention Credit and Who Qualifies for It?
Many have filed for the ERC who do not qualify. As a result, the IRS is beginning to crack down on employers. It's crucial to know exactly what the credit is and understand common pitfalls.
February 06, 2023 at 11:34 AM
5 minute read
CommentaryThe Employee Retention Credit (ERC) is a refundable tax credit for employers who were financially impacted by the COVID-19 pandemic. Many companies see the ERC as a lifeline—but in reality, the credit is more complicated than most realize.
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