The court dismisses a company’s complaint for failure to show it suffered a “concrete injury” from allegedly erroneous advice to claim the employee retention tax credit (ERTC).
COVID-19 news and information
Take a bold leap instead of a tentative step
A profession leader discusses remote work, AI’s role in accounting, and how journaling and summer breaks help her stay grounded. Listen to the podcast episode or read the Q&A.
Pandemic-era ERC started with good intentions, ending with frustration
Congress authorized the employee retention credit, which ends April 15, to help businesses suffering in the throes of COVID-19. The arrival of promoters and ERC mills brought headaches for the IRS.
As time runs out for pandemic-era ERC, IRS adds 5 FAQs
The FAQs, which deal mainly with how to handle the employee retention credit on tax returns under various scenarios, are not authoritative but do provide some answers to questions about the expiration of the statute of limitation, an AICPA & CIMA tax practice and ethics manager said.
Remote control: 3 tips from a firm founder and remote-work trendsetter
Both quantity and quality of communication are crucial to the success of a fully remote work model, a leader with immense experience in the space shared at the AICPA Personal Financial Planning Summit 2025.
Defining the office in 2025: Shifting models of where work gets done
A leading accounting consultant explains the reasons for a disconnect between some managers and employees when it comes to work location. Listen to the episode or read the Q&A with Jennifer Wilson.
More return-to-office mandates? Report looks beyond the headlines
While some large companies have recently made news by making their employees return to the office, another trend is making bigger gains across the employment landscape.
ERC claims withdrawal process extended for third-party payers
The IRS said the new deadline to file under the consolidated employee retention credit claims process is Dec. 31. The previous deadline was Friday.
Taxpayer advocate: Unprocessed ERC claims could total 1 million at year end
National Taxpayer Advocate Erin Collins told the AICPA & CIMA National Tax Conference that the number of unprocessed employee retention credit claims will grow before the final filing deadline in April.
IRS processing 400K ERC claims with about $10 billion in eligibility
Commissioner Danny Werfel says the IRS has made “substantial progress” in separating eligible claims from ineligible ones.
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