COVID-19 News
Update on Employee Retention Credit Claims
The IRS has announced that most of the remaining Employee Retention Credit (ERC) claims are likely fraudulent or erroneous, leading to the impending denial of tens of thousands of these claims. The ERC…
Continue ReadingEmployee Retention Credit for Small Businesses
The American Rescue Plan extends the availability of the Employee Retention Credit for small businesses and allows businesses to offset their current payroll tax liabilities by up to $7,000 per employee…
Continue ReadingBusinesses are Still Waiting for Pandemic Relief
Businesses are still waiting for pandemic relief made available to them during the COVID-19 outbreak amid ongoing processing delays at the Internal Revenue Service, according to the Treasury Inspector…
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