With President Biden’s Signing of the Infrastructure Investment and Jobs Act (IIJA) on Nov. 15, employers’ ability to claim employee retention credits (ERC) for eligible wages paid after Sept. 30, 2021, has been retroactively eliminated. In the simplest terms, this means that employers will no longer be able to claim
It’s no secret that the last couple of fiscal years have been amongst the most challenging for businesses in living memory. COVID-related restrictions, staffing difficulties, supply chain issues, it hasn’t been easy for anyone responsible for keeping a business fiscally solvent or even viable. That is not to say that
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