The Employee Retention Credit (ERC) is a valuable tax credit for companies that have been impacted by the COVID-19 pandemic. It can help companies offset the costs of retaining their employees during difficult times, but it's important for companies to be careful about trusting organizations that claim they can help them obtain the credit if they previously thought they did not qualify.

Recently, the IRS published IR-2022-183, warning employers to be wary of third parties who are advising them to claim the ERC when they may not qualify. The IRS included several red flags that business owners and CPAs should look out for, many of which have been highlighted in previous articles featured in Accounting Today.

One of the red flags that the IRS pointed out is ERC mills, which are organizations that aggressively market these positions and may not have the best interest of the company in mind.