10/12/2023
Important Update: IRS ERC Pause Doesn't Affect Filed Cases
We understand that recent news from the IRS about the temporary pause on new Employee Retention Credit (ERC) claims may have raised questions and concerns. We want to reassure you that if you've already filed your ERC cases with us, this pause does not impact your existing claims in any way.
The IRS has announced a temporary pause on accepting new ERC claims to allow time for enhanced fraud prevention measures and the processing of existing claims. We fully support these efforts to protect the integrity of the ERC program and ensure that eligible businesses receive the credits they deserve.
Here's what you need to know:
**Your Filed Cases Are Secure:** If you've already filed your ERC cases with us, your claims are securely in the IRS pipeline. The pause applies only to new submissions, and your existing cases are unaffected.
**Continued Progress:** The IRS is diligently processing existing claims, and our CPAs and Tax Teams remain in close contact with them to monitor the progress. The IRS estimates that the average processing time for an ERC filing is now 120 days and we are committed to keeping you informed about any updates related to your filed cases.
**Enhanced Fraud Prevention:** The pause is part of the IRS's effort to implement additional safeguards against fraudulent claims. This ensures that the ERC program continues to benefit legitimate businesses in need.
**Your Trusted Advisors:** As your trusted advisors, we are here to support you throughout this process. If you have any questions or concerns about your existing ERC claims or the pause's impact on your business, please do not hesitate to reach out to us. We are dedicated to providing you with the guidance and assistance you need.
While we understand that waiting for ERC credits can be challenging, please know that we are actively advocating for timely processing on your behalf.
We appreciate your trust in our services, and we want to assure you that your ERC claims are our focus. Stay tuned for upcoming updates and more detail about the ERC application and submission process. If you are still considering filing for the ERC program, we encourage small business to do so. If you have any inquiries or require further information, please feel free to contact us.
Thank you for choosing us as your partners in navigating the ERC program. We remain committed to serving you with excellence.
Best regards,
The ERC Group Team