Honest small businesses are paying the price for COVID fraud ...Middle East

A promise made is a promise kept; unless it’s the Employee Retention Tax Credit. The federal government made a promise to small businesses four years ago: Keep your employees on payroll during a once-in-a-lifetime global pandemic and we’ll reimburse you. In hundreds of thousands of cases, they haven’t. The IRS has publicly estimated that 10-20 percent of its outstanding Employee Retention Tax Credit claims show a “low risk” of fraud. This means hundreds of thousands of businesses that played by the rules and kept their employees on payroll have yet to receive a penny of their promised dollars. And it’s likely their estimates are low. These small businesses have waited for mo

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Last updated : 16 August 2024 clock 07:57 PM

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Honest small businesses are paying the price for COVID fraud ...Middle East

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