The Employee Retention Credit (ERC) has been providing valuable support to small and medium sized businesses impacted by the COVID-19 pandemic. Initiated by the government under the CARES Act, the ERC is tax relief and not a loan, making it worthwhile for organizations that suffered revenue losses or operational disruptions in 2020 and 2021 due to the pandemic.
However, in recent years, there has been a proliferation of fraudulent enterprises that specialize in the exploitation of the ERC. These entities, commonly referred to as 'ERC mills', exploit the ERC program by inflating claims on behalf of businesses, aiming to secure a substantial portion of the ERC refund for their own gains. Moreover, they may provide fabricated documentation to substantiate their assertions. The Internal Revenue Service (IRS) has recently issued a cautionary advisory to businesses, urging vigilance when engaging with tax credit firms that encourage claims for the Employee Retention Credit (ERC) which businesses might not legitimately qualify for.
In this article, we hope to educate you about the 5 red flags to look out for to find a safe and reliable way to identify the right ERC provider for you.
We will provide a complimentary consultation where our experts meet with you to gain a better understanding of your claim.
Our experts will meticulously review your documentation and the IRS approval to formulate a final offer.
We present our offer to you. Our buyout solution entails acquiring your future refund at rates of up to 90% of your ERC claim, customized to your specific situation. We are committed to deliver the most competitive offer that aligns with your unique circumstances.
Pro SMB Solutions comprises a group of business owners who grew tired of witnessing our friends and clients falling victim to scams. This motivated us to take proactive measures. Our purpose revolves around facilitating connections between businesses and the most reliable and competent ERC providers in the industry. These are the providers dedicated to aiding you to bounce back, chart your course toward success, and infuse your business with the essential boost it requires.
If you’re ready to see if ERC is right for your business, reach out today.
Congress can end ERC at any time so do not wait.
