The Employee Retention Credit (ERC) offers a substantial refundable tax credit to qualified employers, including those who plan to apply for forgiveness of Paycheck Protection Program (PPP) loans. Designed to help businesses impacted by COVID-19, the latest legislation increases the ERC limit on per-employee creditable wages, reduces year-over-year gross receipts decline, and is open to new employers who were previously ineligible. In this webinar, we will show you how to:
- Maximize the tax benefits of ERC, together with PPP loan forgiveness and other government programs
- Compute the ERC
- Claim the tax credit
To provide tax professionals and qualified business owners with guidance on how to maximize the tax benefits of the Employee Retention Credit (ERC), together with Paycheck Protection Program (PPP) loan forgiveness and other government assistance programs.
Additional New Webinars on COVID-19:
Accounting for Debt Restructuring during Uncertain Financial Times Webinar (2 Hours)
COVID-19: The New Legal Landscape for Employers and Employees Webinar (1.5 Hours)
Cybersecurity in a Business World Impacted by COVID-19 Webinar (1.5 Hours)
Exploring the Long-Term Economic Impact of COVID-19 Webinar (1 Hour)
Financial Leadership during the COVID-19 Crisis: An Expert Panel Discussion Webinar (1 Hour)
Impact of COVID-19 on Complying with SEC Requirements, including ICFR Compliance Webinar (1 Hour)
Impact of COVID-19 on Financial Reporting & Disclosures Webinar (4 Hours)
International Cash & Treasury Management in a COVID-19 Business World Webinar (1.5 Hours)
Lease Modifications: ASC 842 & COVID-19 Impact Webinar (1.5 Hours)
Managing Global Contracting during the COVID-19 Crisis Webinar (1 Hour)
Recent Developments at the FASB & IASB in Response to COVID-19 Webinar (1.5 Hours)
Recent Developments in Transfer Pricing, including the Impact of COVID-19 Webinar (1 Hour)
Tax Aspects of the "Coronavirus Aid, Relief & Economic Security (CARES) Act" Webinar (3 Hours)
Tax Planning for 2020/2021 & Beyond: Biden Agenda, PPP Forgiveness & More (3-Hour Webinar)
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What is Employee Retention Credit?
– Eligibility
– Calculating the credit
– Qualifications
– Startup businesses
– Form 941
– Changes under new legislation - Applicable Employers
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Full & Partial Shutdowns
– Requirements
– Notice 2021-20
– Essential businesses
– Remote working - Significant Decline in Gross Receipts
- Qualified & Non-Qualified Wages
- Health-Plan Expenses
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Impact of Other Programs
– Work Opportunity Tax Credit
(WOTC)
– PPP loans -
Form 941-X
– Computing the credit - The American Rescue Plan
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Taxability of the ERC