

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.
Chapters
Transcript
Episode notes
1 2 3 4 5 6
Introduction
00:00 • 2min
Tax Implications and Responsibilities of Tax Preparers
02:23 • 6min
Tax Implications of Qualifying for the Special ERC Credit
08:05 • 5min
Accounting for Prior Period Adjustments: Audit vs Tax
13:03 • 3min
Impact of ERC on Accountants and Tax Professionals
16:08 • 7min
Fraudulent Phone Calls and the Importance of Cleaning Up the ERC Program
23:38 • 3min