ERC Enforcement Could Leave Businesses at Risk for Audit and Penalties

Feb 05, 2024 Sue Schloemer

As the IRS ramps up efforts to address ineligible claims for COVID-related payroll relief, many small and midsize businesses who applied for funds under erroneo...

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IRS Orders an Immediate Stop to New Employee Retention Tax Credit Processing

Sep 20, 2023 Kirsch CPA Group

After receiving a deluge of improper Employee Retention Tax Credit (ERTC) claims, the IRS recently announced an immediate moratorium through at least December 3...

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Is Your Business Eligible for ERC or Is It a Scam?

Aug 15, 2023 Sue Schloemer

“IRS cracks down on aggressive ERC marketing promoters and employers filing dubious claims” On July 26, 2023, the IRS Commissioner, Danny Werfel, announced ...

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Employers: Beware of Improper Employee Retention Credit Claims

Oct 27, 2022 Kirsch CPA Group

The IRS is warning employers to beware of third parties who are advising them to claim the Employee Retention Credit (ERC) when they may not qualify. Some third...

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Does Your Business Qualify for the Employee Retention Credit (ERC)?

Sep 28, 2022 Sue Schloemer

The Employee Retention Credit (“ERC”) was originally enacted as part of the first wave of pandemic relief in March of 2020. Since then, it has been modified...

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3 Ways Small & Midsized Businesses Can Maximize Tax Benefits

Feb 15, 2022 Sue Schloemer

Are you maximizing your tax benefits? From employee retention credits to tax credits for innovation, there are many strategies for small and midsized businesses...

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Coping With New Employee Retention Credit Rules

Jan 20, 2022 Kirsch CPA Group

Sometimes, Uncle Sam seems to give with one hand and take with the other. Take the employee retention credit (ERC), for example. Congress created this tax break...

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Employee Retention Credit: Help for Nonprofits

Apr 01, 2021 Kirsch CPA Group

If your not-for-profit managed to keep staffers employed throughout the COVID-19 pandemic, there could be a tax reward. Under the Coronavirus Aid, Relief, and E...

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The Evolution of the Employee Retention Credit

Mar 31, 2021 Kirsch CPA Group

The pandemic has adversely affected many sectors of the U.S. economy, causing widespread job losses. At the start of the national emergency, Congress created a ...

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Is your business eligible for the Employee Retention Credit?

Jan 21, 2021 Sue Schloemer

What is the Employee Retention Credit? Under the Consolidated Appropriations Act, 2021, employers negatively impacted by the pandemic can offset the employer po...

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