The Paycheck Protection Program had a clear impact on preserving jobs among small and midsize businesses. But it came at a steep cost, both in dollar terms and in reach.
On Oct. 19, 2022 the IRS issued a news release warning employers to be wary of third parties who have ramped up campaigns to try and get employers to claim the CARES Act Employee Retention Tax Credit (ERTC) when they may not actually qualify.