The COVID-19 pandemic brought about challenging times for employers, but the Employee Retention Credit (ERC) program aimed to alleviate some of the burden of unemployment by offering a tax credit to ...

Missed the opportunity to apply for the Employee Retention Credit (ERC) Voluntary Disclosure Program? The IRS is giving you a second chance. The IRS has announced a second ERC voluntary disclosure ...

Businesses that want to repay money received from questionable employee retention credit (ERC) claims can do so through a new voluntary disclosure program announced Thursday by the IRS (Announcement ...

The IRS is rejecting thousands of ERC applications and clawing back others, and it's now giving businesses that already received money an off ramp. Business owners that received a payout from the ...

The IRS will reopen its voluntary disclosure program (VDP), allowing businesses to correct questionable employee retention credit (ERC) claims at a discount (Announcement 2024-30). The revised VDP, ...

(StatePoint) The strength of the country relies on its estimated 33.2 million small businesses, which comprise 99.9 percent of all American businesses. COVID threatened, and in some cases forced, the ...

Recently, the IRS now announced a voluntary disclosure program to allow employers with erroneous employee retention credit (ERC) claims to avoid potential penalties, interest and civil litigation. The ...

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