Whether a third-party or you/your firm prepared a client’s employee retention credit (ERC) claim, there are considerations to keep in mind when helping your client with the ERC claim — proper documentation of work, discussions with clients and applying applicable professional standards.
The IRS issued several warnings on improper positions for ERC claims and claiming the ERC credit inaccurately can result in severe consequences.
Download the ERC decision tree to help you with various decision points when working with clients