Finance ERC Blog Posts
A Comprehensive Guide to Navigating the Employee Retention Credit Waiting Period and Understanding the Role of Advance Payments and Finance ERC
Learn how to navigate the employee retention credit (ERC) waiting period and better understand advance payments of an ERC credit. Get help from our experts at Finance ERC and get your loan paid upfront.
The Internal Revenue Service (IRS) has ceased processing new Employee Retention Credit (ERC) claims until at least 2024 and delays existing ones.
The Wall Street Journal reports the Internal Revenue Service (IRS) has decided to slow the processing of tax refunds related to the Employee Retention Credit (ERC). This decision comes as the IRS cites concerns over fraudulent and inflated claims.
Waiting months, even more than a year, for an ERC refund from the IRS has gotten increasingly common. Most small business owners are reporting wait times of 10-12 months before they get their Employee Retention Credit refund.
Just like in the classic story of Charlie and the Chocolate Factory, where a lucky few find a golden ticket in their candy bars and win a tour of Willy Wonka’s magical chocolate factory, business owners may have the opportunity to unlock a valuable reward by taking advantage of the ERC.
Do you know about the best-kept secret of the CARES (Coronavirus Aid, Relief and Economic Security) Act? This secret is a tax credit called the Employee Retention Credit, which is commonly referred to as ERC or ERTC. Does your business qualify?
Businesses and nonprofits say the employee-retention tax credit was a valuable lifeline, but they are struggling to get the money.