[WEB] Employee Retention Tax Credit: Assisting Clients in Obtaining the Maximum Benefit

Course Details

Date

Thursday, July 8, 2021

8:30am – 10:30am
(Registration: 8:30am)

Course Number

ERTC2

CPE Credit

2.0 hours CPE credit

Instructor

Level of Knowledge

Overview

Vendor

Kaplan Financial Education

Prerequisites

None

Description

With the enactment of the Taxpayer Certainty and Disaster Tax Relief Act of 2020 (TCDTRA) on December 27, 2020, Congress retroactively made available to taxpayers who had participated in the Payroll Protection Loan program the right to obtain benefits under the CARES Act Employee Retention Tax Credit for 2020, as well as extending that benefit to the first half of 2021 and making the maximum credit much larger.

In March Congress extended that benefit through to the end of 2021, as well as making it available to any start-up business. Although the credit can represent a substantial amount of tax relief for qualified businesses, the program has different sets of rules that apply for different periods, as well as the need to work to determine the optimal strategy for obtaining full forgiveness for Paycheck Protection Program loan relief while obtaining the largest possible tax credit.

In this course we'll help you understand the nuances of each version of the program, the interaction with the Paycheck Protection Program loan forgiveness application process, and how to file the claims for refund to obtain credit for prior periods your client is eligible for.   

Highlights

  • The original Employee retention Tax Credit for 2020
    • Limits on wages per employee
    • Time periods when the employer qualifies in 2020 
  • The 2021 quarter one and quarter two versions of the credit
    • The significant increase in maximum wages eligible for the credit
    • The major change in the reduced revenue test that makes it easier to qualify for the benefit
    • Te new small employer rule that increased the number of employees from 100 to 500 
  • The 2021 quarter three and four credit revisions
    • The tax benefit available to most employers who began business after February15, 2020
    • The expanded relief for large employers who had a more than 90% reduction revenue 
  • The mess that is bar on claiming the credit for employees with certain relationships those with a direct or indirect controlling ownership interest
  • How to both apply for any refunds the client is entitled to, as well as get a current reduction in payroll tax deposits 

Course Pricing

Early Registration Member Fee

Applicable if you are a HSCPA member in good standing and register by June 18, 2021.

$85.00
Member Fee

Applicable if you are a HSCPA member in good standing.

$150.00
Early Registration Non-Member Fee

Applicable if you are not a HSCPA and register by June 18, 2021.

$150.00
Non-Member Fee

Applicable if you are not a HSCPA member.

$215.00
Your Price $150.00

CPE Choice

Learn more about CPE Choice.
This course does not qualify for CPE Choice.

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