DESCRIPTION
The Employee Retention Credit is a great way to bring revenues to your firm while helping your struggling clients with their cash flow. As part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), some employers (including community banks) may be eligible for a refundable payroll tax credit, if certain criteria are met. The credit can provide up to $26,000 in wages paid per W-2 employee that the business has. This virtual conference will take you through the ins and outs of preparing these credits for your clients. We will help you to identify your clients that can potentially claim the credit, look at how to calculate the credit, and how to amend the proper forms to claim the credit.
Major topics covered in :
- Understand how does employee retention credit work?
- ERC/ERTC strategies to retroactively claim the credit – it’s NOT too late!
- How to coordinate your business’ financial management with professionals, including your banker and CPA?
- Latest IRS guidance for small business.
- Determine ERC eligibility
- Calculate the amount of ERC
- Access and apply for the ERC
Learning Objectives:
- Define strategies and mechanics to claiming ERC alongside PPP forgiveness
- Outline the extension of ERC—including new rules
- Identify who qualifies (and does not) for ERC
- How to apply for employee retention credit?
- What is the deadline for employee retention credit?
- Is the employee retention credit taxable income
- List new opportunities under ARPA for start-up businesses
- Name strategies for churning out those 941s (and 941-Xs and 7200s)
Credits and Other information:
- Recommended CPE credit – 2.0 Tax Hours
- Recommended field of study – Tax
- Session Prerequisites and preparation: Basic
- Session learning level: Basic to Intermediate
- Location: Virtual/Online
- Delivery method: Group Internet Based/Self-Study
- NASBA Sponsor: 138804
- IRS Course ID: DFFSC
- Attendance Requirement: Yes
- Session Duration: 2 Hours
- Case Studies and Live Q&A session with speaker
- PowerPoint presentation for reference
Who Will Benefit:
- CPA
- Enrolled Agents (EAs)
- Tax Professionals
- Attorneys
- Other Tax Preparers
- Finance professionals
- Financial planners
- Download Conference Material
Download Conference Material
Pioneer Educator is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
