Tax

Learn about the benefits WOTC brings to communities, individuals and companies and get ready to take advantage of the program with your next eligible hire.

Learn best practices to stay on top of IRS requirements and create a sound compliance strategy to prevent payroll tax penalties.

Learn the benefits of employer services for your business. Explore the types of services and learn how to choose the best provider for a smooth HR process.

Don't miss out on an employer tax credit because of a compliance misunderstanding. Learn how business decisions affect eligibility and when to apply.

The IRS has increasingly labeled some ERC claims as fraud. It's important to recognize the signs of fraud to ensure your claim meets the right standards.

Law firms may have faced unique challenges during the pandemic making it difficult to determine their qualifications for the ERC. This blog explores misconceptions and eligibility.

Here’s our update on 2023 compliance trends that will help employers manage changes for their organizations and prepare for new legislation.

Max Shenker provides another update on the backlog of unprocessed ERC claims at the IRS, which has more than doubled since the beginning of 2023.

Find out how to optimize and streamline the WOTC screening process so your business can use WOTC to better offset hiring costs.

The IRS has reiterated warnings against improperly claiming the ERC, while the bureau also investigates fraud schemes including stolen ERC checks.

On March 23, 2023, fifteen Republican members of the House Ways and Means Committee sent a letter to the new IRS Commissioner, Daniel Werfel, expressing concern about chronic delays in the processing of employee retention tax credit (ERTC/ERC) claims. The letter asked for responses to six specific questions related to the ERC backlog: “1. What are the reasons contributing to the delay of ERTC claims being processed, and what if anything has the IRS done to address these challenges? “2. What is the average wait time between when employers filed their ERTC claim and when they receive a refund from the IRS? How has the average wait time changed over the last six months? “3. Are there any restrictions that the IRS is placing on who is eligible for ERTC credits aside from the eligibility requirements detailed above? If so, please detail those restrictions and why the IRS has implemented those restrictions. “4. Are employers able to track their ERTC refund status with the IRS? If so, explain the process by which employers can track their ERTC refund status. “5. When does the IRS anticipate completing the processing of all ERTC claims and issuing all necessary refunds? “6. What is the IRS doing to address potentially fraudulent ERTC claims from ERTC ‘mills’?” As we have reported in the past, the ERC backlog of unprocessed claims has been steadily growing since the fall of 2022. The most recent figure, as of March 29, 2023, is that the IRS has a backlog of 890,000 unprocessed Forms 941-X. It is unclear whether this rapid increase in unprocessed forms indicates that the IRS has paused its processing of forms, or that the volume of new forms has accelerated and outpaced their processing capacity. While the letter from the members of Congress requested responses from and a meeting with IRS by April 3, a source informed us that a meeting has yet to occur.

First on the IRS's "Dirty Dozen" list are aggressive ERC providers making offers too good to be true. Here are four questions to vet your ERC partner.

Find out how to use IRS Form 941-X to maintain compliance with Form 941 or correctly file for certain tax credits.

Learn which employees are eligible for ERC and how large healthcare employers can claim it. Don't miss out because you believe you're too big or profitable.

President Biden's 2024 budget proposing giving the IRS more time to audit ERC claims, possibly reducing ERC payments by $2 million in fiscal year 2024.

President Biden and the IRS are targeting COVID-relief and ERC fraud. A new IRS warning specifically calls out bad actors pushing ineligible people to file.

Daniel Werfel, nominated to be the new IRS Commissioner, responded to these questions from Senators regarding delays to ERC refunds.

The IRS has increased estimates for new Forms 941-X, but even this might be outstripped by the actual number of new ERC claims they are receiving.