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Your Business Can Still Apply for Employee Retention Credits in 2022
September 7, 2022
Coronavirus Aid, Relief, and Economic Security (“CARES”) Act was passed on March 27, 2020. With that legislation came the Employee Retention Credit (“ERC”), which provided tax credits to employers that retained employees due to government mandates or supply chain issues during the COVID-19 pandemic.
Why are we still talking about ERC?
Many employers still have not taken advantage of ERC that they are eligible for not realizing how their businesses were impacted at the time. Join Brooks Nelson and Sarah McGregor as they discuss with Martin Karamon as they explore why you should take a second look at if you are an eligible employer for ERC.
This episode of our Podcast covers:
2:00 – What is ERC and how do Government COVID-19 orders qualify employers for this credit
5:58 – Government orders leading to supply chain disruptions
11:00 – Industries affected by Government orders beyond supply chain disruptions
12:47 – Status of ERC refund claims already filed, and IRS scrutiny of claims filed