Released: Apr 26, 2024
by Annie Pilon
In Small Company News
0
Like lots of company owner, Scott Volner had a hard time throughout the pandemic. Volner, who runs a fertilizer service in a town in Missouri, was eventually able to keep his business afloat. His company then dealt with an even higher difficulty– scams.
Over the previous couple of years, according to an NBC News report, Volner stated he got many calls from telemarketers promoting a federal government relief program called the Employee Retention Tax Credit. In the beginning, he didn’t think he received these funds, however a business called ERC Specialists informed him that if his company dealt with pandemic-related interruptions, he certified. This business then submitted documentation with the IRS in exchange for 10 percent of the profits.
Volner got $330,000 from the federal government, which he put back into his organization. Volner never ever in fact certified for the program in the very first location. He needs to now pay back what he got, even though he currently invested that cash back into his