White Paper: ERC Overview and How to Prepare for an IRS Audit

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ERC Overview and How to Prepare for an IRS Audit

Among the many and varied COVID relief measures instituted by the federal government, the Employee Retention Credit (the “ERC”) stands out as one of the most significant to US employers as well as one of the most complex. While the ERC has not garnered as much media attention as the Payroll Protection Program (the “PPP”), the ERC provides significant economic relief to eligible employers. In addition to fully understanding the background of this tax credit, employers should also understand how to best prepare for a possible IRS ERC audit if they file a claim.

We also invite you to explore ERC services with Experian Employer Services.

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