The IRS recently announced it has lifted its moratorium on processing Employee Retention Tax Credit (ERC or ERTC) claims. Many businesses across the country have been waiting several months to receive their rightfully deserved refunds from their IRS ERC Claims. According to the IRS some of these businesses will begin to receive their refunds soon,
ERTC
Employee Retention Tax Credit – What is it and how can my Business Participate?
Employee Retention Tax Credit COVID-19 has affected us all economically in some form or fashion, and this certainly includes small businesses across the country. In response to these troubled times, Congress approved the creation of the Employee Retention Tax Credit (“ERTC”) to encourage small businesses to retain their employees. This is a refundable tax credit