Description
The drama and confusion around Employee Retention Credits continues into 2023 with new guidance creating more questions than answers. In this episode, Roger and Annie provide an update on the latest ERC developments, including new problems facing practitioners and small business owners as well as lingering unresolved issues around amending returns, repayments, and fraud. Join Roger and Annie as they attempt to make sense of the ongoing ERC mess in 2023.
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The full transcript for this episode is available by clicking on the Transcript tab at the top of this page
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(00:00) - Welcome everyone to another episode of Federal Tax Updates: We have some ERC updates
(07:57) - You can still apply for the ERC credit
(13:31) - If you don't do ERC make sure your clients are working with a legit company
(19:44) - What if a small business got some ERC money that they probably shouldn't have?
(32:30) - What qualifies as "Supply Chain Interruption?"
(33:26) - Roger gives Annie a test if someone would qualify for ERC
(41:58) - What should the people do if they have legitimate ERC credits?
(49:33) - Key takeaways about ERC you should know today!
(52:47) - Wrap up. Please subscribe so you don't miss an episode
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