Category: Coronavirus Updates

In the video, Chris Wittich discuss the recent IRS announcement regarding ERC claims, highlighting that between 10 and 20 percent of claims are deemed high risk and likely fraudulent. The IRS emphasizes that even legitimate claims will face significant delays in processing, ...

The CARES act was signed into law March 27, 2020 which gave us the Employee Retention Credit (ERC). This refundable tax credit was intended to help those affected by COVID restrictions or disruptions. Unfortunately it has been abused by many organizations and more importan...

In this video, Chris Wittich discusses the process of correcting erroneous claims in the ERC (Employee Retention Credit) program. He explains the voluntary disclosure program, which allows borrowers to amend and fix an ERC claim if a mistake was made. Chris also highlights t...

Consulting with Chris Wittich to determine the best path forward on ERC. In the event that the ERC claim is deemed valid, taxpayers can find reassurance in the accuracy of their claim. On the contrary, if the ERC claim is identified as problematic, we will thoroughly explore...

The IRS has issued a new announcement, granting eligible employers who have filed for an Employee Retention Credit (ERC) the option to retract their submission if they have not yet received their refund. This decision is a response to the numerous of fraudulent ERC schemes t...

The very first time the IRS started warning people about ERC compliance and the scams and schemes going on was in the fall of 2022 after a big push from the AICPA. Lets take a look at how this has been going in just the past 12 months and see how it’s escalated dramatical...

Boyum Barenscheer's Chris Wittich gives an update on the Employee Retention Credit. ...

The employee retention credit (ERC), the refundable tax credit designed to reward business owners for retaining employees throughout the COVID-19 pandemic was signed into law on March 27, 2020, as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act and fur...

Join Boyum's Chris Wittich on March 2nd, 2022 for a informational webinar on Employee Retention Credit....

For many small businesses, the grand reopening is still on hold. The rapid spread of the Delta variant of COVID-19 has mired a variety of companies in diminished revenue and serious staffing shortages. In response, the Small Business Administration (SBA) has retooled its Eco...