David Dougherty, a Certified Public Accountant (CPA), offers critical support to local businesses at risk of ERC Audits or with concerns about their claims. We serve clients in Volusia County (including Daytona Beach, DeBary, Deltona, and Orange City, FL) and extend to Sanford and Lake Mary in Seminole County.
The Employee Retention Tax Credit (ERC or ERTC), established by the CARES Act, was a lifeline for many businesses struggling to stay afloat during the pandemic. However, recent trends show a rise in ERC audits by the IRS, targeting companies that third-party tax credit preparers may have improperly advised. These audits can result in significant financial repercussions if a business claims credits for which they weren't eligible and must pay it back.
While the ERC provided much-needed financial relief, some businesses may have been pushed into claiming credits they didn't qualify for. This could have been due to misunderstandings of the complex eligibility criteria or aggressive marketing tactics from third-party preparers.
The IRS is now conducting tax audits, with a particular focus on ERC claims. If your business claimed the credit, you are very likely to receive an ERC Audit letter from the IRS.
David Dougherty, CPA, understands the complexities of ERC claims and the potential pitfalls businesses might face. We can:
Don't face the IRS alone. David Dougherty CPA provides DeLand and surrounding Volusia and Seminole County businesses with the support they need during these uncertain times. Contact us at (386) 668-3328 for ERC audit support in DeLand, FL.
This article is for informational purposes only and should not be considered tax advice. Always consult with a qualified tax professional for personalized guidance regarding your specific situation.
