ERC Audits: How to respond to increased ERC audits from the IRS
Introduction In a bid to support businesses affected by the pandemic, the IRS introduced the Employee Retention Credit (ERC). This refundable employment tax credit aimed to help businesses affected by COVID-19 keep employees on payroll. While this initiative has been a lifeline for many, the rise in ERC audits underscores the IRS’s intent to ensure…
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