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

Related Insights


View All Tax Beat Podcasts

 

Brooks E. Nelson

Tax Services

Partner, Cherry Bekaert Advisory LLC

Sarah McGregor

Tax Services

Director, Cherry Bekaert Advisory LLC

Martin Karamon headshot

Martin Karamon

Tax Credits & Incentives Advisory Leader

Partner, Cherry Bekaert Advisory LLC

Past Episodes

Tax Beat Podcast thumbnail

Podcast

February 10, 2025

20:36

Speakers: Brooks E. Nelson, Sarah McGregor, William W. Billips, Lisa Macri

Stay ahead of tax reporting changes with insights on ASC 740, ASU 2023-09, tax reconciliation, and financial statement disclosure requirements.

Government Contracting Podcast thumbnail

Podcast

February 3, 2025

26:48

Speakers: Eric Poppe

Learn the steps to take after receiving a stop-work order, from consulting your contracting officer to documenting costs and managing contract compliance.