How Claiming the ERTC After Receiving a PPP Loan Can Lead to Criminal Tax Fraud Charges for Businesses in New Jersey
Articles/News, Offshore Account UpdatePosted in on March 29, 2023
The federal Paycheck Protection Program (PPP) and Employee Retention Tax Credit (ERTC) were supposed to serve as financial lifelines during the COVID-19 pandemic—and they did for many businesses. But, fraud under both of these programs also proved to be a significant issue, with conservative estimates putting the total cost of PPP and ERTC fraud in the tens of billions of dollars.
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