Employee Retention Tax Credit 2024 Update

Employee Retention Tax Credit 2024 Update

Recent Employee Retention Tax Credit (ERTC) updates aim to address abuse and ensure compliance. Initially established to help businesses during the COVID-19 pandemic, the ERTC has been abused by third-party providers, leading the IRS to intensify scrutiny and pause new claims processing. Businesses are advised to consult with professionals to review the legitimacy of their claims and consider options for rectifying any discrepancies.

We invite you to watch this video for an overview of recent ERTC updates and how they may impact your business. Contact RJI CPAs today to ensure your business complies with the updated rules, avoids potential penalties and benefits from the program.

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