2024 ERC Update - Should You Give Back The Money?
4.6 هزار بار بازدید -
6 ماه پیش
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2024 ERC Update - Should
2024 ERC Update - Should You Give Back The Money?
I'm tackling the big changes in the Employee Retention Tax Credit (ERC) Act and what it means for you as a small business owner. The question on everyone's mind is: should you return your ERC funds? With the IRS cracking down on ERC promoters, it's a tricky time, and I'm here to help you navigate these choppy waters.
It's not just about following the rules; it's about understanding how these changes impact your business on a practical level. I'll dive into what the IRS is up to and give you some straightforward advice on what your next moves should be.
This topic isn't just another news item for me; it's personal. I'll be going into one of my famous Jamie rants about why this really matters, especially for small businesses like ours. It's more than just numbers and policies; it's about the real-world effects on people like us. So let's figure this out together and make sure our businesses come out stronger on the other side.
Info on how to withdraw an ERC claim that hasn't been received yet:
https://www.irs.gov/newsroom/withdraw...
Info about the Voluntary Disclosure Program to pay back ERC:
https://www.irs.gov/coronavirus/emplo...
Form 15434 for Voluntary Disclosure Program:
https://www.irs.gov/pub/irs-pdf/f1543...
(Try a different web browser if this doesn't open for you)
Full text of Tax Relief for American Family and Workers Act:
https://www.congress.gov/bill/118th-c...
Looking for my ERTC Calculator? You can find it here: https://jamietrull.com/ertc
// SHOP MY STUFF //
📊 Profit & Loss Template and Dashboard: https://jamietrull.com/profitloss
🗂️ Inventory Management Worksheet: https://jamietrull.com/inventory
👶 Hiring Your Kids Toolkit: https://jamietrull.com/kids
📝 Ultimate Getting Ready for Taxes Bundle: https://jamietrull.com/taxtime
💪 Financial Fitness™ Basics: http://jamietrull.com/basics
🔧 S Corp Toolbox: https://jamietrull.com/scorptoolbox
🛍️ Shop everything I offer: https://jamietrull.com/shop
// FINANCIAL TOOLS & SYSTEMS I LOVE //
💸 Best Payroll: https://jamietrull.com/payroll
🏦 No Fee Business Banking: https://jamietrull.com/banking
📚 DIY Accounting: https://jamietrull.com/quickbooks
💳 Best Business Credit Cards: https://jamietrull.com/creditcards
🎁 More Things I love. Get my FREE GUIDE: https://jamietrull.com/bestoffers
// CHOOSE YOUR ADVENTURE //
🔎 Discover Your Money Superpowers https://jamietrull.com/quiz
📈 Create your PROFFIT Plan™: https://jamietrull.com/PROFFIT
✅ S Corp Success Checklist: http://jamietrull.com/scorpchecklist
👪 7 Tax Strategies for Hiring Your Kids: https://jamietrull.com/kidstaxstrategies
🚀 Guide to Reducing Taxes for Business Owners https://jamietrull.com/taxsavings
📅 Annual Planning Guide: https://jamietrull.com/annualplanner
💲 Determine if it’s time to modify your pricing: https://jamietrull.com/byhour
🤝 Need a trusted Financial Professional to help you? Check out my Preferred Vendor list here: https://jamietrull.com/preferred-vendors
⭐ If this content was helpful, please like the video and subscribe to my channel! It's like giving me a virtual high five! jamietrull
🔗 Oh! And follow me:
Website: https://jamietrull.com/
Instagram: Instagram: jamie.trull
Facebook: Facebook: BalanceCFO
Free Community: Facebook: financialliteracyforwomen
Blog: https://jamietrull.com/blog
**DISCLAIMER: This video is meant for educational purposes only. This is not to be relied on or considered a substitute for advice on your specific situation from your tax advisor.
Note: There may be affiliate links in this description or video. We do not actively monitor comments on these threads.
I'm tackling the big changes in the Employee Retention Tax Credit (ERC) Act and what it means for you as a small business owner. The question on everyone's mind is: should you return your ERC funds? With the IRS cracking down on ERC promoters, it's a tricky time, and I'm here to help you navigate these choppy waters.
It's not just about following the rules; it's about understanding how these changes impact your business on a practical level. I'll dive into what the IRS is up to and give you some straightforward advice on what your next moves should be.
This topic isn't just another news item for me; it's personal. I'll be going into one of my famous Jamie rants about why this really matters, especially for small businesses like ours. It's more than just numbers and policies; it's about the real-world effects on people like us. So let's figure this out together and make sure our businesses come out stronger on the other side.
Info on how to withdraw an ERC claim that hasn't been received yet:
https://www.irs.gov/newsroom/withdraw...
Info about the Voluntary Disclosure Program to pay back ERC:
https://www.irs.gov/coronavirus/emplo...
Form 15434 for Voluntary Disclosure Program:
https://www.irs.gov/pub/irs-pdf/f1543...
(Try a different web browser if this doesn't open for you)
Full text of Tax Relief for American Family and Workers Act:
https://www.congress.gov/bill/118th-c...
Looking for my ERTC Calculator? You can find it here: https://jamietrull.com/ertc
// SHOP MY STUFF //
📊 Profit & Loss Template and Dashboard: https://jamietrull.com/profitloss
🗂️ Inventory Management Worksheet: https://jamietrull.com/inventory
👶 Hiring Your Kids Toolkit: https://jamietrull.com/kids
📝 Ultimate Getting Ready for Taxes Bundle: https://jamietrull.com/taxtime
💪 Financial Fitness™ Basics: http://jamietrull.com/basics
🔧 S Corp Toolbox: https://jamietrull.com/scorptoolbox
🛍️ Shop everything I offer: https://jamietrull.com/shop
// FINANCIAL TOOLS & SYSTEMS I LOVE //
💸 Best Payroll: https://jamietrull.com/payroll
🏦 No Fee Business Banking: https://jamietrull.com/banking
📚 DIY Accounting: https://jamietrull.com/quickbooks
💳 Best Business Credit Cards: https://jamietrull.com/creditcards
🎁 More Things I love. Get my FREE GUIDE: https://jamietrull.com/bestoffers
// CHOOSE YOUR ADVENTURE //
🔎 Discover Your Money Superpowers https://jamietrull.com/quiz
📈 Create your PROFFIT Plan™: https://jamietrull.com/PROFFIT
✅ S Corp Success Checklist: http://jamietrull.com/scorpchecklist
👪 7 Tax Strategies for Hiring Your Kids: https://jamietrull.com/kidstaxstrategies
🚀 Guide to Reducing Taxes for Business Owners https://jamietrull.com/taxsavings
📅 Annual Planning Guide: https://jamietrull.com/annualplanner
💲 Determine if it’s time to modify your pricing: https://jamietrull.com/byhour
🤝 Need a trusted Financial Professional to help you? Check out my Preferred Vendor list here: https://jamietrull.com/preferred-vendors
⭐ If this content was helpful, please like the video and subscribe to my channel! It's like giving me a virtual high five! jamietrull
🔗 Oh! And follow me:
Website: https://jamietrull.com/
Instagram: Instagram: jamie.trull
Facebook: Facebook: BalanceCFO
Free Community: Facebook: financialliteracyforwomen
Blog: https://jamietrull.com/blog
**DISCLAIMER: This video is meant for educational purposes only. This is not to be relied on or considered a substitute for advice on your specific situation from your tax advisor.
Note: There may be affiliate links in this description or video. We do not actively monitor comments on these threads.
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