The IRS recently announced that it is pausing acceptance of new Employee Retention Credit submissions through at least the end of the year. The reason for this pause is to prevent fraud and manage the backlog of nearly 600,000 pending applications.
Unfortunately, the ERC has been targeted by less than reputable companies and the IRS is seeing some fraudulent applications. This is why WRA is working with Adesso Capital—an established, reputable, vetted company that many other state restaurant associations are working with as well. Adesso's experts are well-versed with all aspects of the ERC and specialize in working with restaurants. So far Adesso has helped Wisconsin restaurants claim nearly $12 million in ERC dollars through our partnership.
What Does This Pause Mean for Restaurants?