Pulse Advising LLC

Beware of Employee Retention Credit (ERC) offers!

I have been getting asked quite a bit by folks lately about the ERC because of all the junk mail and spam about it.

The Employee Retention Credit is a valuable opportunity for businesses that faced challenging times during the pandemic.

However, we urge you to exercise caution and be aware of aggressive solicitations.

The IRS also wants you to be aware!

https://www.irs.gov/newsroom/irs-issues-renewed-warning-on-employee-retention-credit-claims-false-claims-generate-compliance-risk-for-people-and-businesses-claiming-credit-improperly

To protect yourself and your business, follow these guidelines:

1. Do your due diligence: Research and verify the credentials of any service provider before engaging with them. Check for testimonials, reviews, and the reputation of the organization.

2. Seek professional advice: Consult with a reputable CPA or tax advisor who specializes in ERC programs. They have the expertise to navigate the complexities of the program and ensure compliance while maximizing your eligible credits.

3. Be wary of high-pressure tactics: Avoid falling for aggressive sales pitches or time-limited offers that create a sense of urgency. Take the time to carefully consider your options and make informed decisions.

Stay informed, stay cautious, and safeguard your business against aggressive solicitations targeting the Employee Retention Credit program.

If you have questions or concerns about the ERC, contact me today at [email protected].

IRS issues renewed warning on Employee Retention Credit claims; false claims generate compliance risk for people and businesses claiming credit improperly | Internal Revenue Service IR-2023-40, March 7, 2023 — The Internal Revenue Service today issued a renewed warning urging people to carefully review the Employee Retention Credit (ERC) guidelines before trying to claim the credit as promoters continue pushing ineligible people to file.