IRS Update on ERC Tax Credit Claims
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The IRS updated information about pending ERC tax credit claims on June 20th in IR-2024-169. Highlights are that the IRS will resume processing of “low risk” pending ERC claims “later…
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ERC Tax Credits – What a Mess!
Employee Retention Tax Credits are nearing their 4th birthday since their inception as a COVID relief program within the Cares Act in March of 2020. Most employers ignored ERC credits…
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IRS Stares Down ERC Mills – What to Do?
On September 14th of this year the IRS announced a “moratorium” on processing any new Employee Retention Tax Credit (ERC) claims/refund requests until “sometime after the end of this year.”…
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Employee Retention Credit – New IRS FAQs
In response to an increasing number of invalid ERC claims, the IRS has recently updated their FAQ’s about the Employee Retention Credit. Within these new FAQ’s, the IRS again warns…
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Larry’s Top Ten Payroll/Tax/HR Tips
As Larry the Payroll Guy, I have been working with employers on payroll, HR, taxes, benefits, etc for decades. This PayDay is my listing of ten subject areas every employer…
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IRS Warning about Aggressive ERC Promoters
The following IRS Newswire was issued on March 20, 2023 Issue Number: IR-2023-49 Inside This Issue IRS opens 2023 Dirty Dozen with warning about Employee Retention Credit claims; increased scrutiny follows…
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ERC Tax Credits – Thoughts after Two Years
AccuPay has been assisting our clients with various aspects of Employee Retention Tax Credits for over 2 years now. Our original role pertaining to ERC credits in early 2021 was…
Read More Employee Retention Tax Credits – An Update
AccuPay has been helping clients of our payroll/HR services firm calculate and file ERC tax credit claims, resulting in IRS refund checks, for 2 years now. We have educated many…
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IRS Audits of ERC Tax Credits
I recently came across an article written by Daniel Mayo, a contributing author to Forbes and a national tax partner for Withum, a “top 100” CPA/consulting firm. The article, titled…
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Don’t Leave IRS Refunds on the Table – ERC Myths
AccuPay has been very active in helping our employer-clients obtain employee retention tax credits for both years 2020 and 2021. Employee Retention Tax credits were part of the CARES Act…
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