Date
July 20, 2021, 12:00 pm - 1:00 pm
Presenters
Charles J. Frago, CPA
Principal
Ricky McLaughlin, CPA
Senior Manager
Rebekah J. Purrazzella, CPA, MS
Senior Manager
Description
Location: Zoom Webinar
The Employee Retention Credit (ERC) is a temporary refundable payroll tax credit available to qualified employers for 2020 and 2021. The ERC is designed to provide an incentive for employers to keep their workforce employed during the COVID-19 pandemic and is now open to employers who were previously ineligible due to the receipt of Paycheck Protection Program (PPP) loan forgiveness.
During this webinar, we’ll discuss the nuances of the ERC and how to determine eligibility, calculate credit amounts, provide documentation to your payroll tax file, and support the tax position. We’ll also explain how applying for the credit impacts your PPP loan forgiveness.
You’ll learn:
• How businesses can retroactively qualify for the ERC
• How for-profit businesses and tax-exempt organizations can claim the ERC due to certain effects of COVID-19
• How to perform analysis to maximize the benefits of the ERC while considering the impact of PPP loan forgiveness and other tax credits
