Practical Applications of the Employee Retention Credit

Description

In 2020, Congress passed the CARES Act that gave employers two mutually exclusive loan options: the Employee Retention Credit (ERC) and the Paycheck Protection Program (PPP). COVID-19 relief legislation was extended and the ERC was enhanced, allowing employers who received a PPP loan in 2020 to retroactively claim the credit. CPAs have been tasked with digesting the vast amounts of information relating to these enhancements to help their clients apply the new laws. It can be overwhelming, to say the least! In this webcast, you’ll grasp the latest guidance, practical advice and examples, so that you can help your clients navigate the enhanced ERC — even in situations where your clients received a PPP loan and loan forgiveness.

Learning Objectives

*Identify the ERC rules for 2020 and the changes for 2021 *Recognize the interaction of the ERC and wages used for PPP loan forgiveness *Distinguish how your clients can get all the available tax benefits

Major Topics

*CARES Act-related ERC rules *Enhancements made to the ERC in the Consolidated Appropriations Act, 2021 and the American Rescue Plan Act *How to advise your clients

Provider
AICPA
Course Level
Basic
CPE Field of Study
Taxes
2
Who Should Attend

CPAs, Accountants and finance professionals, tax professionals, other qualified professionals, Sole practitioners, business owners

Prerequisites

none

Advanced Preparation

None

Location
Online
Event Information
When
May 19, 2021
1:00 pm - 3:00 pm EDT
Location
Online
Total CPE Credits
2
Format
Webcast Replay

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Practical Applications of the Employee Retention Credit


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