Affiliated Tax Solutions

Businesses should be wary of third parties telling them to claim the employee retention credit when they may not qualify. Please check with us before agreeing to what is many times a scam. These third parties often charge large upfront fees or a fee that is contingent on the amount of the refund. Be cautious of schemes and direct solicitations promising tax savings that are too good to be true. The credit is for businesses who paid employees while shutdown due to the COVID-19 pandemic or had significant declines in gross receipts from March 13, 2020–December 31, 2021. Taxpayers are always responsible for the information reported on their tax returns. Improperly claiming the ERC could result in taxpayers being required to repay the credit along with penalties and interest.