Resources

Second Employee Retention Credit Voluntary Disclosure program and other ERC updates.

IRS provides VD Program for employers to return ERC refunds and avoid penalties and interest. Employers must apply by March 22, 2024.

IRS announces simplified method for employers who have not yet received ERC refunds to withdraw claims that they now believe are ineligible.

On Oct. 19, 2022 the IRS issued a news release warning employers to be wary of third parties who have ramped up campaigns to try and get employers to claim the CARES Act Employee Retention Tax Credit (ERTC) when they may not actually qualify.

IRS will automatically waive or abate failure to file penalties for some returns when filed by Sept. 30, 2022. IRS will also waive or not apply penalties for 2019 and 2020 information returns.

Beginning August 2022, Form 990-N users without an active IRS username must create an account with ID.me to authenticate their login information and access the Form 990-N Electronic Filing system.

The Federal Reserve lifted its federal funds policy rate to a range between 1.5% and 1.75% on Wednesday as it moves to restore price stability over the medium term.

Ransomware attacks are increasing and threatening organizations of all sizes. The RSM cybersecurity report reveals new ransomware data.

Bipartisan infrastructure bill passes House with bipartisan vote. President Biden expected to sign by end of next week.

As economies continue to emerge from COVID-19-induced lockdowns, demand has rebounded more than expected, helping fuel the recent rally.

Like many businesses across the economy, technology companies continue to reassess the timing and scale of their return-to-office plans.

House Ways and Means issues its discussion draft amendment with revenue items to offset $3.5 trillion spending package.