The End of ERTC? (Employee Retention Tax Credit) [E084] - Business By The Numbers

<p>The ERTC (Employee Retention Tax Credit) is something Hunt has talked about in the past (See Episode 10 and 33) but this week, he wants to discuss the current status of the IRS with regard to auditing and follow-up on businesses that have claimed this credit, such as:</p><ul><li>IRS is upping their fines if you don't disclose all funds, even the legit ones.</li><li>IRS amnesty programs: From a simple "Hey, I've got this account" to "I owe you, let's settle."</li><li>The IRS usually has three years to ask for back taxes, but some exceptions exist. If you've taken the ERTC money, there's a two-year period where the IRS might have you on their radar. Bigger amounts = more attention.</li><li>The ERTC program's end is in sight, with some parts set to phase out soon.</li><li>Want more details? Click here: <a href="https://www.irs.gov/newsroom/to-protect-taxpayers-from-scams-irs-orders-immediate-stop-to-new-employee-retention-credit-processing-amid-surge-of-questionable-claims-concerns-from-tax-pros" rel="noopener noreferrer" target="_blank">https://www.irs.gov/newsroom/to-protect-taxpayers-from-scams-irs-orders-immediate-stop-to-new-employee-retention-credit-processing-amid-surge-of-questionable-claims-concerns-from-tax-pros</a></li></ul><br/><p>Thanks to our partners, <strong>NAPA TRACS </strong>and <strong>Promotive</strong></p><p>Did you know that <strong>NAPA TRACS</strong> has onsite training plus six days a week support?</p><p>It all starts when a local representative meets with you to learn about your business and how you run it.&nbsp; After all, it's your shop, so it's your choice.</p><p>Let us prove to you that Tracs is the single best shop management system in the business.&nbsp; Find <strong>NAPA TRACS</strong> on the Web at <a href="https://my.captivate.fm/NAPATRACS.com" rel="noopener noreferrer" target="_blank">NAPATRACS.com</a></p><p>It’s time to hire a superstar for your business; what a grind you have in front of you. Great news, you don’t have to go it alone. Introducing <strong>Promotive</strong>,