In this podcast episode, we discuss the recent order from the IRS to immediately stop processing new Employee Retention Tax Credit (ERTC) claims. The decision comes in response to a surge of questionable claims and concerns from tax professionals, highlighting the unacceptable risk to businesses and the tax system. IRS Commissioner Danny Werfel has announced a moratorium on new claims, effective from today until December 31, 2023.We provide insights into the complex nature of the ERTC, the risks facing businesses, and the importance of staying informed during this period. We also discuss the following:

• The eligibility criteria for the ERTC
• The potential financial relief provided by the ERTC
• The retroactive application of the ERTC
• The expert assistance available for claiming the ERTC
• The compliance with IRS guidelines for claiming the ERTC

We also provide information on ERTC Pays Partners, who will still be accepting and submitting new ERTC filings, allowing filers to be at the "front of the line" when the IRS lifts the moratorium.Stay informed about the latest ERTC news and updates by listening to our podcast episode and following the hashtags: #ERTCNews #EmployeeRetentionTaxCredit #ERTC2023 #IRSUpdate #BusinessTaxation #COVID19Relief.

Also check out ERTCPays.com for more info and a free ERTC evaluation.