The Employee Retention Credit (ERC) was originally passed as part of the CARES Act to help businesses affected negatively by COVID-19. The ERC was recently expanded as part of the year-end COVID relief legislation and now retroactively allows employers that took Paycheck Protection Plan (PPP) loans to also claim the ERC. The legislation also extended availability of the ERC to June 30, 2021 and significantly raised the credit rates. The ERC is a refundable tax credit of up to $5,000 per employee in 2020 and up to $21,000 per employee in 2021 as Q3 is now eligible. In this webinar, we will cover important topics relating to the Employee Retention Credit, debunk any current myths, and provide examples of how it could potentially benefit your organization.
- Identify what businesses do and do not qualify for the ERC
- Demonstrate how the ERC is calculated
- Discuss how to claim the credit
- Debunk ERC myths
Presented by: Jim Donovan and Austin Ridl, Eide Bailly LLP
This Business Sense Workshop will be hosted on Zoom. You will receive a link within your confirmation email.
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