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Employee Retention Employment Tax

Cole Schotz

Employee Retention Credit Voluntary Disclosure Program to Be Reopened: What You Need to Know

Cole Schotz on

On July 26, 2024, the IRS announced that they are in the final stages of reopening the Employee Retention Credit (ERC) Voluntary Disclosure Program. The ERC is a credit that was available to certain eligible employers...more

Fox Rothschild LLP

IRS Identifies Seven ERC Red Flags (and Other ERC Updates)

Fox Rothschild LLP on

The IRS recently issued a news release identifying seven signs that a business’s Employee Retention Tax Credit (the ERC) may be incorrect. The IRS identified these warning signs based on feedback from tax professionals and...more

Baker Donelson

IRS Launches Employee Retention Credit Voluntary Disclosure Program – Is It Time to Hold or Fold?

Baker Donelson on

As previously indicated, on December 21, 2023, the IRS launched the latest installment in a series of efforts to claw back pandemic-era tax credits erroneously received by ineligible employers. The Employee Retention Credit...more

Locke Lord LLP

Infrastructure Investment and Jobs Act Brings an Early End to the Employee Retention Credit

Locke Lord LLP on

The Infrastructure Investment and Jobs Act (the “IIJA”), which was signed by President Biden on November 15, 2021, retroactively eliminates an employer’s ability to claim the employee retention credit (“ERC”) for eligible...more

McCarter & English, LLP

Enhanced Opportunities To Benefit From The Employee Retention Credit

The Employee Retention Credit (ERC) was established by the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) on March 27, 2020, to encourage businesses to keep employees on their payroll during the pandemic....more

Proskauer Rose LLP

UK Tax Round Up - July 2020

Proskauer Rose LLP on

UK COVID-19 Developments - Furlough not detrimental to EMI options held on 19 March 2020 - On 26 June, the government introduced a new provision into the Finance Bill that provides that the period during which an...more

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