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Accounting and Accountability

Episode 50: ERTC program estimates $2 trillion in fraud

Sep 23, 2022

In this episode we discuss:

The Secure Act 2.0, which includes the EARN Act, is currently in Congress.  Listen in to hear how it may impact you and your business if passed.

October 17, 2022 is the deadline for filing your personal and calendar-year C-Corp returns.

Authorities estimate the ERTC program has resulted in an estimated $2 trillion in fraud.

The IRS is cracking down on "excessive refund" filings.  Taxpayers who claim refunds in excessive amounts compared to what they're actually entitled to may be looking at penalties of up to 20%. 

We also hear from Sandy Webb, a Salad Works and Wow Works franchisee.  Sandy also operates her own consulting company, ProFit Franchise Partners, that helps those who want to become a franchisee through the steps of opening their own locations.  She talks about what it takes to become a franchisee, the importance in instilling your own values in your corporate culture and what she does to make sure her sense of self isn’t lost with all she has on her plate.