Maryland Association of CPAs: The Tipping Point, when an ERC Claim Goes Too Far

Many businesses took advantage of Covid relief programs such as PPP and EIDL, but many more are still missing out on funds from the Employee Retention Credit (“ERC”). Eligible employers who paid qualified wages can claim up to $26,000 per employee in refundable tax credits. However, many tax credit preparers are pushing business owners to apply for credits they are not eligible for. Join us to learn about the hot button items and how to prepare for an audit if the worst does happen.