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GovConBiz with Linda RawsonI help people learn about government contracting. Author: GovConBiz
Want to learn the secrets to government contracting? Be sure and listen to Linda Rawson as she shares her experience, strategy and tidbits about government contracting. Language: en-us Genres: Business, Entrepreneurship, Management Contact email: Get it Feed URL: Get it iTunes ID: Get it |
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Employee Retention Credit Delays
Episode 10
Thursday, 20 February, 2025
In this episode of GovConBiz, host Linda Rawson discusses the significant delays in processing Employee Retention Credit (ERC) claims by the IRS, causing financial strain to small businesses. The ERC, part of the CARES Act of 2020, was meant to help businesses retain employees during COVID-19. Fraudulent claims have led to increased IRS scrutiny and processing delays, with a reported 1.2 million claims still pending as of late 2024. Although efforts are being made to address the backlog, the IRS faces challenges, including resource constraints, complexity of claims, and reduced workforce. Linda shares real fraud cases, highlights the impact on small businesses, and offers advice for those waiting for their ERC claims.
