January 4, 2023
While the Employee Retention Credit (ERC) has been around since 2020, CPAs continue to receive inquiries from clients regarding qualification for the ERC. Some of this continued attention is prompted by email solicitations, radio ads, and television commercials from third parties advising organizations to claim the ERC when they may not qualify.
In October, the IRS took the unusual step of issuing news release IR-2022-183 warning employers to beware of third parties promoting improper ERC claims, some charging large upfront fees or a fee that is contingent on the amount of the refund.
Organizations that qualify for the ERC for 2020 or 2021 may still be able to claim the credit. The resources below provide the information organizations need to determine their eligibility for the ERC.
Update on Government Assistance: PPP, SVOG and ERC
Consolidated Appropriations Act Extends and Expands the Employee Retention Tax Credit
IRS Releases More Guidance on Employee Retention Credit
New Tax Provisions in the Infrastructure Investment and Jobs Act
If you have any questions regarding your organization’s eligibility for the ERC, contact us below.