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Tag: retention

Here’s what to know about employee retention tax credit claims

IRS Commissioner Daniel Werfel testifies before a Senate Finance Committee hearing on Feb. 15, 2023.Kevin Lamarque | ReutersAs the IRS pauses on processing new claims for a pandemic-era small business tax break, some filers are in limbo as the agency works on further guidance.The...

Withdrawing an employee retention credit claim: What to know

The Good Brigade | Digitalvision | Getty ImagesMore from Year-End PlanningHere's a look at more coverage on what to do finance-wise as the end of the year approaches:"This is a game-changer," said Eric Hylton, national director of compliance for Alliantgroup, a firm that...

House Republicans push IRS for answers on employee retention tax credit

Rep. Jason Smith, R-Mo., speaks during a House Oversight and Accountability Committee impeachment inquiry hearing into U.S. President Joe Biden on Sept. 28, 2023.Jonathan Ernst | ReutersHouse Republicans are pressing the IRS for answers after the agency paused processing new claims for a...