I first wrote about employee repayment of compensation here in August of 2016. The following is an update to that original blog entry.
Occasionally a terminated employee will owe his or her employer upon termination because of a prior advance of compensation. This may occur when a sales person receives estimated commissions that are not…
“For the start of the annual Dirty Dozen list of tax scams, the IRS spotlighted Employee Retention Credits following blatant attempts by promoters to con ineligible people to claim the credit.” — IRS, March 20, 2023.”
Our previous blog about the Employee Retention Credit discussed some common misconceptions regarding the ERC. Since posting the…
The Employee Retention Tax Credit (“ERC”) has been a hot topic in tax circles lately. A refundable payroll tax credit for businesses meeting certain requirements that was enacted alongside the Paycheck Protection Program in 2020, the ERC was widely overlooked until recently. Despite its rise in popularity, law firms in the U.S. may be overlooking…
The Employee Retention Tax Credit (“ERC”) has been a hot topic in tax circles lately. Enacted alongside the Paycheck Protection Program in 2020, the ERC was widely overlooked until recently. As the ERC has become more widely discussed, several misconceptions about the ERC have popped up, leading many to believe—incorrectly—that their business does not qualify…
