You may have noticed an uptick in solicitations relative to potential Employee Retention Credit (“ETC”) claims. While the ETC represents a potential boon for businesses, the paperwork is complicated and cumbersome. Accordingly, the IRS recently cautioned employers to beware for various reasons—perhaps most notably because “some third parties are taking improper positions related to taxpayer eligibility for and computation of the credit,” leaving some businesses on the hook to repay the credit with penalties and interest. Are you eligible for the ETC?
