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PPP and ERC in 2020 | Tax Section Odyssey
Mar 10, 2021
15 min watch
Employee retention credit guidance and resources
The employee retention credit (ERC) is an important part of the COVID-19 relief legislation for small businesses.
The rules to be eligible to take this refundable payroll tax credit are complex. This resource library will help you understand both the retroactive 2020 credit and the 2021 credit.
Featured resources
Resources
Coronavirus and Tax Impacts FAQsThis series of frequently asked questions (FAQs) provide answers to questions about the various coronavirus (COVID-19) tax-related relief packages.
Summary of American Rescue Plan Act of 2021Learn about the new recovery rebates, tax-free status of certain unemployment benefits and more tax laws contained in the American Rescue Plan Act of 2021.
Tax Section Odyssey audio series
Breaking down the employee retention credit | Tax Section OdysseyBrandon Lagarde, CPA, J.D., LLM, unpacks the latest developments with the Employee Retention Credit (ERC) and provides clarity on some commonly asked questions.
PPP and ERC in 2020 | Tax Section OdysseySince inception, the employee retention credit has seen changes. Get the highlights of Notice 2021-20 and how the credit interacts with PPP loans.
What to know about the 2021 ERC before April 30 | Tax Section OdysseyJan Lewis, CPA, with Haddox Reid CPAs & Advisors, reviews the latest ERC guidance and important information to help your clients benefit from this credit.
Video & audio
Employee retention credit guidance update and rising economic confidence
April Walker, CPA, CGMA, lead manager – AICPA Tax Section, explains the highlights of the latest guidance on the employee retention credit.
Keebler on the American Rescue Plan Act of 2021 | PFP learning library podcast
Bob Keebler, CPA/PFS, shares all the details you need on the latest government pandemic aid.
The New Employee Retention Credit: More for Eligible Employers
In this webcast archive, learn about how the second round of COVID-19 relief legislation passed at the end of the year allows employers who received a PPP loan to retroactively claim the employee retention credit.
News and articles
AICPA advocacy
AICPA says more guidance needed on the employee retention credit, Feb. 25, 2021
AICPA comments on the interaction of the employee retention credit and PPP loans, Jan. 15. 2021
AICPA request for guidance related to the employee retention credit provisions of the CARES Act, Oct. 9, 2020
AICPA calls for IRS guidance in employee retention credit provisions, April 20, 2020
IRS guidance
CPE & learning
The American Rescue Plan Act of 2021
Join Bob Keebler, CPA/PFS, for a detailed discussion delving into the tax and business provisions in the American Rescue Plan Act of 2021 (1 CPE credit).
AICPA Town Hall Series
This reoccurring webcast series provides the latest news and updates on pressing issues facing the accounting profession from AICPA senior leadership and industry experts. These events are free for AICPA members (1 CPE credit).
These resources are a part of the robust tax resource library available from the AICPA Tax Section. The Tax Section is your go-to home base for staying up to date on the latest tax developments and providing the edge you need for upskilling your professional development. If you’re not already, consider joining this prestigious community of your tax peers. You’ll get 15 hours of free CPE, access to rich technical content such as our Annual Tax Compliance Kit, a weekly member newsletter and a subscription to The Tax Adviser.
Tax Section
The go-to source for tax practitioners. Access all the AICPA’s Tax Section content on AICPA.org.