In a significant move that impacts many businesses, the IRS announced a temporary reopening of the Employee Retention Credit (ERC) Voluntary Disclosure Program (VPP), which will be available through November 22, 2024.
After a year-long moratorium on claims filed since September 13, 2023, the IRS finally announced significant updates to its Employee Retention Credit processing and payment procedures, which has significant implications for salons businesses that have claimed or are considering claiming it.
As the IRS unveiled a major initiative to clamp down on ERC claims and reject tens of thousands of high-risk ERC claims, consequences abound for owners of salons and spas who have submitted claims. Candice Miller from Azarvand Tax Law explains the situation and how you can prepare.
As the IRS announces a crackdown on Employee Retention Credit claims, Azarvand Tax Law's Claudia Vasquez steps in with some helpful advice in identifying if your claim could be at risk and what you can do about it now to avoid trouble later.
Find out about our complimentary webinar about the Employee Retention Credit, and how to claim it correctly, so you don't get in trouble with the Internal Revenue Service.
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