
Why Did It Take a 267% Overrun to Pause the ERC?
The most shocking thing about the Employee Retention Credit (ERC) is how long it took to stop after it started going wildly over budget.

IRS freezes ERC: What you need to know in less than 3 minutes
The IRS has announced an immediate moratorium on new Employee Retention Tax Credit claims through the end of the year amidst a surge of questionable submissions. Tune in for details on the ERC crackdown, including new criminal probes, longer processing times, and options for withdrawing improper claims. If you liked this update, subscribe to The Accounting Podcast on Apple Podcasts, Spotify, or wherever you listen to podcasts.