#766 What’s going on with the Employee Retention Credit (ERC) for Small Businesses?

A lot of small businesses have applied for the Employee Retention Credit (ERC) from the IRS and received hundreds of thousands and sometimes even millions of dollars. The IRS recently took the unusual step of announcing it was suspending any new applications for the ERC program because they believe it is filled with small businesses fraudulently applying and many don’t actually qualify for the program.Here to discuss the new developments in the ERC program is Jay Woods who is the Founder & President of Omega Accounting Solutions.--Visit Barry's Blog for complete show notes.The Small Business Radio Show is sponsored by AnswerConnect.AnswerConnect provides around-the-clock customer service support. Your customers are guaranteed to reach a real person every time they call. Get 50% off three months of their best value planBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-small-business-radio-show--3306444/support.