DESCRIPTION
This webinar will help you determine if your company qualifies for the Employee Retention Credit. We will also look at the ins and outs of the Employee Retention credit including how to calculate the credit, how to maximize your credit if you received ERC funds and how to properly file for the credit. Our speaker exclusively works on ERC projects and keeps up to date with all the latest information will lead this webinar to help your business thrive!
The Consolidated Appropriations Act, 2021 expanded the Employee Retention Credit (ERC) for 2021 and opened the door for retroactive credit claims for 2020. The prior restriction on businesses with PPP loans not being able to claim the ERC was lifted, retroactively back to the beginning of the ERC in March of 2020. The legislation created two worlds: one for 2020, and then major changes for 2021.
The Paycheck Protection Program is now out of money, so no new applications are being accepted. But PPP remains a part of life for every tax pro and accountant. Issues such as applying for forgiveness, determining the "FTE" calculation, figuring out which forgiveness form to use, and even tax implications, are all still items we need to think about.
Recipients of Paycheck Protection Program (PPP) loans can now also take advantage of the ERC. Organizations with 100 to 500 employees are no longer restricted to wages only of employees not working, but all employees.
This CE/CPE Tax webinar will look at how to properly allocate wages between the PPP and the ERC. We will look at several examples of how the allocations will work and what things you need to look out for when doing the allocations.
After looking at the allocations, this CE/CPE ERC webinar will also look at some of the structural laws surrounding the ERC.
Topics will include:
- To analyze how the ERC and PPP interact
- To discuss how to allocate wages between ERC and PPP
- To investigate the legal structure surrounding the ERC
- To inspect if a business is partially shut down for the ERC
Learning Objectives:
- Understanding which businesses qualify
- Charting the changes to ERC rules
- How to claim the ERC
- Identifying audit risks with ERC claims
Who Will Benefit:
- CPA's
- CFOs
- Tax Managers/Tax Professionals
- Tax Attorneys
- Accountants
- Tax Compliance Managers/Compliance Officers
- Bank Managers
- Information Reporting Officers
- Controllers
- Auditors
- Risk Managers
Thecpeeducator is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
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