‘Modern Day Gold Rush:’ How This Tax Break Launched a Sales Army | WSJ

Unbeknownst to many Americans, a modern day “gold rush” is underway to take advantage of an obscure pandemic era tax rebate. One of the biggest players in this employee-retention tax credit is Bottom Line Concepts, a consulting firm that could receive more than $1 billion in fees. Founder and CEO Josh Fox has teamed up with “Shark Tank” investor Kevin O’Leary for advertising to help get thousands of small businesses and nonprofits billions of dollars in tax breaks.

WSJ breaks down the details behind ERC credits and explores whether this “gold rush” is too good to be true.

0:00 Josh Fox’s empire
1:04 ERC background
2:58 BottomLine Concepts and the sales army
7:08 Fraud

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