The IRS has issued a warning about third parties offering improper guidance to employers claiming the Employee Retention Credit (ERC). The third parties may be collecting large, contingency-based fees based on the employer’s purported eligibility when they may not qualify. Businesses should use caution when working with an individual who is not qualified to offer appropriate guidance and be wary of tax savings that seem to be too good to be true.

Click here to read the news release from the IRS.

If you have questions about your eligibility to claim the ERC, please contact your local Kemper CPA Group office.