ERC Tag

Authored by RSM US LLP, December 22, 2023 On Dec. 21, 2023, the IRS announced the details of an anticipated employee retention credit Voluntary Disclosure program (ERC-VDP) for employers who claimed and received an ERC...

The Employee Retention Credit (ERC) is one of several programs the federal government implemented in the wake of COVID-19. This program reimburses businesses through a tax credit—i.e. a lump sum...

Did you know that Employee Retention Credits (ERC) from the Cares Act are still available for many businesses filing taxes? The ERC benefit can be significant: up to $5,000 per...

In March 2022, the IRS identified 11,096 suspicious returns claiming more than $2 trillion in Employee Retention Tax Credits. The full extent of the fraud has yet to be...