Topic: Erc

1 chapters across the catalog

Kevin O'Leary has raised alarms about a provision in a new bill that would allow the IRS to audit small businesses regarding the Employee Retention Credit (ERC) for up to nine years. This is described as an "unprecedented" war on small business, as most companies are not required to keep records for that long. Critics argue this is a "witch hunt" designed to claw back money from the middle class.