As a business owner, it is crucial to stay informed about potential ERTC scams and frauds that can harm your business. The Internal Revenue Service (IRS) has recently issued a warning to all entrepreneurs regarding fraudulent companies that claim to help process Employee Retention Tax Credit (ERTC) and Employee Retention Credit (ERC) claims. In this article, we will delve into the details of this warning and discuss why it is imperative to be cautious when engaging with third-party service providers.
Employee Retention Tax Credit (ERTC) and Employee Retention Credit (ERC) are valuable provisions introduced by the government to assist businesses affected by the COVID-19 pandemic. These credits provide eligible businesses with financial relief by reducing their tax liabilities or providing direct refunds for qualified wages paid to employees.
The IRS has become aware of fraudulent companies that target business owners seeking assistance with their ERTC/ERC claims. These unscrupulous entities often promise to expedite the claim process, maximize the credits, or guarantee specific outcomes. However, their primary goal is to exploit unsuspecting business owners by charging exorbitant fees or stealing sensitive financial information.
Lack of Credentials: Ensure that the company you choose to work with possesses the necessary qualifications and credentials. Look for certified public accountants (CPAs), enrolled agents, or reputable tax professionals who have experience in handling ERTC/ERC claims.
To safeguard your business from potential ERTC fraud, consider the following steps:
Don't fall victim to the dozens of ERC fraud cases across the country, call the ERTC experts and learn how to apply, just dial 909.466.7876 today!
Also, find out more about ERTC Funds for Medical and Dental Practices by reading this short article and see if you're business is eligible!
As the saying goes, "Forewarned is forearmed." Being aware of the risks associated with fraudulent companies claiming to help process ERTC/ERC claims can protect your business from falling victim to scams. By remaining vigilant, conducting due diligence, and staying informed about the IRS's warnings, you can ensure that your ERTC/ERC claims are handled by trustworthy professionals who have your best interests at heart. Remember, it's essential to prioritize the security and well-being of your business in these uncertain times. So, don't postpone your opportunity, get in touch with our office at Rancho Cucamonga today!