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COVID-19
The Employee Retention Credit (ERC) was a pandemic-era tax benefit created to support businesses that kept employees on payroll while COVID-19 disrupted...
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A recent court ruling suggests that many tax deadlines were automatically extended during the COVID-19 pandemic — meaning...
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The IRS has introduced a simpler way for certain businesses to request additional time to resolve denied Employee Retention Credit (ERC) claims, potentially avoiding the need to go to court.
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Congress has introduced the first bill of this session that addresses the current requirement for businesses to capitalize and amortize their research or experimental (R&E) costs. The bill, titled “American Innovation and R&D Competitiveness Act of 2025”, would immediately restore the ability to deduct all research expenditures in the year incurred, as well as make...
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erc
The IRS has published several news releases over the past couple of weeks, summarizing its review of Employee Retention Credit (ERC) claims.
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With the expansion of the Employee Retention Credit (ERC), there has been a flurry of amended returns for companies that previously were unaware of the credit or were ineligible under the initial statute. As more and more companies become educated on the credit and their eligibility, there has been confusion over the timeline to submit...
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ERC_IRS_Scrutiny
Recently, the Internal Revenue Service (IRS) published its annual Dirty Dozen list, which is intended to raise taxpayer awareness of potential scams and fraudulent tax practices. The list includes cautions against falling prey to scammers calling and texting to pose as IRS or state tax officials, reminding taxpayers that the IRS initiates contact with taxpayers...
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The IRS has found "blatant attempts by promoters to con ineligible people to claim Employee Retention Credit”. To ensure your safety, this Tax Alert recaps the misleading information given by promoters and how businesses can properly benefit from the available benefits.
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Post-COVID-road
It is evident that the COVID-19 Pandemic has changed the way we live and work. It has also created numerous challenges for business owners. From health and safety mandates to logistical problems, the ability to stay profitable has become an issue for many.
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The Employee Retention Credit (ERC) has been a popular topic of conversation throughout the pandemic, yet many organizations believe they don’t qualify, and even more have yet to claim it. There is a good chance you have been inundated with emails, text messages, and phone calls indicating your business or organization qualifies for cash from...
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