Date: Feb. 5, 2024
Time: 2 – 3 p.m. PT
Congress has tentatively agreed on a solution to 174 amortization. However, ERC will likely sunset early as a result of this agreement. What does this mean for your clients? How can your firm ensure your clients' claims were filed properly?
Following the announcement of the potential Congressional agreement, there are new considerations that CPAs need to now weigh. CPAs have a professional responsibility to review the nuances and contours of the Employee Retention Credit and their clients' eligibility following recent updates. They should ensure their clients partner with a credible provider prior to claiming, as well as review their documentation to ensure their clients are not being misled. It’s imperative that firms move quickly to protect their clients.
Join former Congressman Rick Lazio, former IRS Commissioner of SB/SE Darren Guillot, and alliantgroup Executive Vice President Sonny Grover as they break down the latest from Capitol Hill. Together, they will dig into what implications this could have for businesses and CPAs, and what your next steps should be.
Certified Public Accountants
Some knowledge of tax credits
Recognize professional liability and responsibility on ERC
Identify red flags for pop up ERC promoters
Determine when you should re-evaluate your client's ERC claim