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The NEW Employee Retention Credit: More for Eligible Employers

Description

In 2020, due to COVID-19, Congress passed the CARES Act. The CARES Act gave employers two mutually exclusive incentives to choose from in order to help keep employees on their payroll during the pandemic: the ERC and Paycheck Protection Program (PPP) loans. A second round of COVID-19 relief was passed in December in the Consolidated Appropriations Act, 2021. This latest round of relief enhances and extends the ERC and allows employers who received a PPP loan in 2020 to retroactively claim the credit. Meanwhile, CPAs are 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! By joining this webcast, we will arm you with the latest guidance and 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 tax benefits available
Major Topics
  • CARES Act related ERC rules
  • Enhancements made to the ERC in the Consolidated Appropriations Act, 2021
  • Action steps to advise your clients
Provider
AICPA
Course Level
Basic
Professional Area of Focus
Tax
CPE Field of Study
Taxes
1.5
Who Should Attend
Who Will Benefit:
  • CPAs
  • Tax professionals
  • Other qualified professionals
  • Sole practitioners
  • Business owners
Prerequisites

None

Advanced Preparation

None

Location
Online
Event Information
When
Jan 26, 2021
2:00 pm - 3:30 pm EDT
Location
Online
Total CPE Credits
1.5
Format
Live Webcast

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$79.00

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$99.00
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The NEW Employee Retention Credit: More for Eligible Employers


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