Flap over ERC claims puts strain on firms

Katie Castellani

11/10/2023

CREDIT PROBLEM: Michael Garcia, partner at Kahn, Litwin, Renza & Co. in Providence, says uncertainty over the federal Employee Retention Credit program is creating problems for countless businesses that had sought the credit following the COVID-19 pandemic.  PBN PHOTO/MIKE SKORSKI

It’s been more than 18 months since one of Michael Garcia’s clients applied for an Employee Retention Credit and it’s still not clear when – or if – the company will ever receive the funds. The Employee Retention Credit is a refundable tax credit that was established through the Coronavirus Aid, Relief and Economic Security

Already a Subscriber? Log in

To Continue Reading This Article

Become a Providence Business News subscriber and get immediate access to all of our premier content and much more.

Learn More and Become a Subscriber