BBB Business Alert: IRS issues a moratorium on new Employee Retention Credit processing
Better Business Bureau and the Internal Revenue Service warn businesses about scams revolving around the Employee Retention Credit. The IRS is ordering a stop to new Employee Retention Credit (ERC) processing due to questionable claims, concerns from tax professionals, and aggressive marketing to ineligible applicants. The moratorium will last until the end of 2023 to protect small businesses from potential scams.
Find out all you need to know and how to avoid tax scams here.
Share This Story, Choose Your Platform!
Other CuyEast News
If you enjoyed reading this, then please explore our other articles below:
Is Owning a Business a Blessing or a Curse? | Bill Snow, RadAir Racing
[VIDEO PODCAST] RadAir Racing to explore how an auto repair franchise turned a passion for motorsports into [...]
Understanding Financial Literacy at Every Business Stage
Financial literacy isn't one-size-fits-all. The needs of a solo entrepreneur differ greatly from those of a growing team or [...]
Administrative Professionals Week: Honoring the Backbone of Your Business
Administrative Professionals Week, observed this year from April 21st to April 25th, is a time to shine a spotlight [...]
Real Talk, Real Wins: April’s Social Media Meet-Up
Our April 23rd Social Media Meet-Up brought together a mix of local marketers, nonprofit leaders, and business pros for a [...]