IRS Halts Processing of New ERC Claims Until January 2024

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IRS Halts Processing of New ERC Claims Until January 2024

In a news release yesterday, the IRS issued a moratorium on the processing of any new Employee Retention Credit (ERC) claims through at least the end of the year, citing

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Considerations for the Employee Retention Credit

Created and introduced as part of the CARES Act in 2020, the Employee Retention Credit (Credit) was implemented to encourage employers to keep their employees on the payroll during the

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Consulting | Audit | Tax | Advisors | Accounting – BMSS Advisors & CPAs is a Certified Public Accounting firm serving businesses in Alabama (AL), Mississippi (MS) and the Southeast U.S. including Birmingham, Mobile, Gadsden, Huntsville, and Ridgeland. We serve the needs of businesses and their owners, including manufacturers, government contractors, healthcare organizations, oil and gas, and nonprofit organizations to name a few. We also assist with outsourced accounting, outsourced CFO, transaction advisory, service organization control (SOC) reports, employee benefit plan audits, and estate and trusts. For additional information contact us at 205-982-5500.