As more businesses seek to take advantage of the Employee Retention Credit (ERC) to help them stay afloat during the COVID-19 pandemic, FTCO ERC Pros has stepped up to help you navigate the process and avoid falling prey to scams.
New legislation passed by the Internal Revenue Service (IRS) has laid the ground for bad players to take advantage of unsuspecting businesses that are looking for financial aid.
Learn how to easily identify these scams at https://federaltaxcredits.org/ertc-scams
ERC fraud has caused significant financial damage to small and medium-sized businesses that are already struggling during the ongoing COVID-19 pandemic. FTCO ERC Pros can help your business avoid scams and provide you with your due tax credits.
The ERC was introduced as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act to help small and medium-sized businesses pay their working staff throughout the pandemic. The eligibility regulations of the ERC program have suffered several modifications since its inception, making it difficult for businesses to determine whether they are eligible for a refund. Scammers have taken advantage of this uncertainty and are providing fraudulent services to get a portion of the tax credit intended for eligible businesses.
According to the IRS, identity theft, IRS-related phishing attempts and fraudulent claims for tax refunds have seen a 91% increase in 2021. FTCO ERC Pros is reminding you of some common ERC scams to be aware of, such as phishing emails that attempt to collect personal information or calls from unknown sources requesting payment for taxes.
One of the best ways to avoid ERC scams is to work with a reputable firm like FTCO ERC Pros. This company can help your business complete the process of filing for ERC, including determining if you’re eligible and offering audit support if you have already filed your claim.
You can also contact FTCO ERC Pros for assistance or to answer any questions you might have about the ERC process or related scams. The company can provide you with the tranquillity that comes from knowing you are not falling prey to scammers.
“We believe every local business owner should be allowed to get the maximum credit available through the Internal Revenue Service without any financial risk down the road,” said a spokesperson for the company. “Integrity is the cornerstone of our business culture, having been instilled in the company since its inception. We frown on Employee Retention Credit fraud and our mission is to get businesses the tax savings they deserve.”
Don’t let fraudsters get the best of you! Find out more about this latest trend at https://federaltaxcredits.org/ertc-scams
