Kevin F. Sweeney shareholder with Chamberlain, Hrdlicka, White, Williams & Aughtry. IRS Announces Employee Retention Credit (ERC) Moratorium and Settlement Initiatives
Although the ERC was designed to put money into the pockets of businesses experiencing disruptions during the COVID-19 pandemic, it also created a cottage industry of ERC advisers competing for those businesses as clients.
October 17, 2023 at 11:09 AM
4 minute read
The employee retention credit (ERC) has been talked about a lot in the press over the past year. In fact, many businesses can't make it through a day without getting a phone call from or seeing an advertisement by a company promoting ERC-related services. With the potential for businesses to receive a federal tax credit of up to $26,000 per employee, it is easy to see why.
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