Employee Retention Credit Updates

Tune in for a refresher on Employee Retention Credit, learn what businesses are eligible, credit amounts and how it interacts with PPP loans. This session will cover the statute of limitations on filing amended 941s to claim the credit, updates on processing IRS amended 941s and refund check issuing. Attendees will get unique bonus material on how taxpayers can utilize Arizona's 140-SBI form to pay the tax on pass-through business income, avoiding education surtax in Prop 208.

Notice – September 14, 2023

The Internal Revenue Service (IRS) continues to warn businesses to watch out for aggressive marketing by nefarious actors involving the Employee Retention Credit (ERC) and urged people to watch out for red flags that can signal trouble.

To protect taxpayers from scams, the IRS has stopped new Employee Retention Credit processing amid a surge of questionable claims. Click here to learn about the ERC moratorium.