ERC Enforcement Could Leave Businesses at Risk for Audit and Penalties

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 erroneous or narrow criteria could face an increased risk of audits Read More


Sue Schloemer

Feb 05, 2024

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

After receiving a deluge of improper Employee Retention Tax Credit (ERTC) claims, the IRS recently announced an immediate moratorium through at least December 31 on processing new claims for the pandemic relief program. The tax Read More


Kirsch CPA Group

Sep 20, 2023

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

“IRS cracks down on aggressive ERC marketing promoters and employers filing dubious claims” On July 26, 2023, the IRS Commissioner, Danny Werfel, announced that the agency has made significant progress in processing Employee Retention Credit Read More


Sue Schloemer

Aug 15, 2023

Employers: Beware of Improper Employee Retention Credit Claims

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 parties are taking improper positions related to Read More


Kirsch CPA Group

Oct 27, 2022

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

The Employee Retention Credit (“ERC”) was originally enacted as part of the first wave of pandemic relief in March of 2020.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 and expanded to make many small businesses eligible. Read More


Sue Schloemer

Sep 28, 2022

3 Ways Small & Midsized Businesses Can Maximize Tax Benefits

Are you maximizing your tax benefits? From employee retention credits to tax credits for innovation, there are many strategies for small and midsized businesses to capitalize on deductions and benefits for the 2021 tax year Read More


Sue Schloemer

Feb 15, 2022

Coping With New Employee Retention Credit Rules

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 in 2020 to help businesses continue to pay Read More


Kirsch CPA Group

Jan 20, 2022

Employee Retention Credit: Help for Nonprofits

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 Economic Security (CARES) Act, employers may be entitled to claim an Read More


Kirsch CPA Group

Apr 01, 2021

The Evolution of the Employee Retention Credit

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 novel tax break — the Employee Retention Credit (ERC) — Read More


Kirsch CPA Group

Mar 31, 2021

Is your business eligible for the Employee Retention Credit?

What is the Employee Retention Credit? Under the Consolidated Appropriations Act, 2021, employers negatively impacted by the pandemic can offset the employer portion of payroll taxes through the Employee Retention Credit (ERC).  The ERC can Read More


Sue Schloemer

Jan 21, 2021