Rules, rules and more rules. The CARES Act gave us the Employee Retention Credit (ERC). The Consolidated Appropriations Act, 2021 enhanced and extended it. Join us for this webcast to have a panel of experts walk you through the key concepts of the ERC, and related practical advice and examples.
NASBA Field of Study
Kristin Esposito, Deb Walker, Jeffrey Martin
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.
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