Expert debunks myth about ERC tax credit eligibility for small businesses

Published: Dec. 7, 2022 at 11:38 AM CST
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MEMPHIS, Tenn. (WMC) - While the Employee Retention Tax Credit (ERC) has billions in tax credit aid still available, a new survey reveals that small business owners and decision-makers remain misinformed and lack facts about their ability to qualify or resources to handle the filing.

With a rolling sunset deadline approaching in March 2023, small businesses may miss the window to claim the vital ERC refund.

Jay Wood, president and founder of Omega Accounting Solutions, joined Action News 5′s Andrew Douglas at the digital desk to discuss myths surrounding ERC and ways small business owners can be better informed.

Watch the full interview in the video player above.

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