The IRS recently made a surprising announcement that has left many individuals and businesses concerned. They have temporarily halted the processing of new Employee Retention Credit (ERC) claims. The ERC was introduced as part of the CARES Act in March 2020 to assist businesses in retaining employees during the pandemic. It provided eligible employers with […]
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In response to the economic challenges posed by the COVID-19 pandemic, the U.S. government introduced several relief measures to support struggling businesses and individuals. One such lifeline was the Employee Retention Credit (ERC). However, this well-intentioned program unwittingly spawned a perilous phenomenon known as ERC mills. ERC Mills: The Dark Side of Relief ERC mills, […]