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4min chapter
#766 What’s going on with the Employee Retention Credit (ERC) for Small Businesses?
The Small Business Radio Show
Discussion on the Employee Retention Credit (ERC) program for Small Businesses and the IRS's concerns
This chapter explores the Employee Retention Credit (ERC) program for small businesses, highlighting how it provided substantial refunds to many owners. However, it also delves into the current situation where the IRS has stopped accepting new ERC requests due to a backlog and potential fraud. An interview with Jay Woods, president of Omega Accounting Solutions, provides insights into the program and its associated challenges.
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