The Accounting Podcast

The ERC Moratorium: What Accountants and Tax Pros Need to Know

Sep 28, 2023
This podcast explores the implications of the recent ERC moratorium on tax professionals and preparers. It discusses the tax implications of the ERC, responsibilities of tax preparers, challenges of calculating the special ERC credit, accounting for prior period adjustments, and the impact on accountants and tax professionals. It also covers fraudulent phone calls regarding the ERC program and the importance of cleaning up the program.
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Episode notes
1
Introduction
00:00 • 2min
2
Tax Implications and Responsibilities of Tax Preparers
02:23 • 6min
3
Tax Implications of Qualifying for the Special ERC Credit
08:05 • 5min
4
Accounting for Prior Period Adjustments: Audit vs Tax
13:03 • 3min
5
Impact of ERC on Accountants and Tax Professionals
16:08 • 7min
6
Fraudulent Phone Calls and the Importance of Cleaning Up the ERC Program
23:38 • 3min