Employee Retention Credit In-Depth

4.6 (25)

Jason Dinesen, EA

Dinesen Tax & Accounting, P.C.

Thursday, February 11, 2021 | 03:30 PM EST

  • AFSP
  • CPA
  • CVA
  • EA
  • Tax Pros
  • SHRM
  • CTEC
  • CFE

2 CPE | 2 CE

$20

Subject Area

Taxes

Webinar Qualifies For

2 CPE credit of Maryland Tax Related Subjects for Maryland Tax Preparers

2 CPE credit of Taxes for all CPAs

2 CE credit of Federal Tax for Oregon Tax Preparers

2 CE credit of Federal Tax Law Update for California Tax Professionals (CTEC Approved-6273)

2 CE credit of Federal Tax Update for Enrolled Agents ( IRS Approved : GEHNZ )

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Additional Dates

Mar 05, 2021 | 12:30 PM EST Register

Course Description

The Consolidated Appropriations Act, 2021 expanded the Employee Retention Credit (ERC) for 2021 and opened the door for retroactive credit claims for 2020. The prior restriction on businesses with PPP loans not being able to claim the ERC was lifted, retroactively back to the beginning of the ERC in March of 2020. The legislation created two worlds: one for 2020, and then major changes for 2021. This webinar will cover those changes, show comparisons between 2020 and 2021, and talk about how the lifting of the PPP restriction is good but also comes with caveats. We'll also talk about income tax considerations relating to ERC claims because the allowable amount of deductions is reduced by the amount of credit received.

Key Topics:

  • ERC in general
  • ERC for 2020
  • ERC for 2021
  • Meeting the "shutdown provision"
  • Meeting the gross receipts test
  • What is the employee count for ERC purposes?
  • What are wages?
  • Calculating the credit
  • Interaction between ERC and PPP
  • Income tax considerations
  • Case studies and filled out forms

This premium CPE webinar on Employee Retention Credit is suitable for business owners as well as CPAs practicing in the area of taxation as well as tax professionals. It is also suitable for Human Resource managers. 

Learning Objectives

  • To define ERC
  • To examine the differences between 2020 and 2021 versions of the ERC
  • To discuss how to calculate employee count and determine wages
  • To discuss how to calculate the credit
  • To discuss how to make retroactive claims
  • To explain how to claim the credit for 2021
  • To explain how ERC and PPP are still related, even with the lifting of restrictions
  • To describe how to make advance claims of the ERC in 2021

Who Should Attend?

  • Enrolled Agent
  • Tax Attorney
  • Tax Practitioners
  • Business Owner
  • CPA - Small Firm
  • CPA - Mid Size Firm
  • Tax Pros
  • CPA (Industry)
  • Tax Firm
  • Young CPA
  • Tax Accountant (Industry)
  • Tax Director (Industry)
  • Tax Managers
  • Tax Preparer
  • Bookkeepers & Accountants & Tax Preparers
  • Tax Professionals

Testimonial

4.6

(25)
72%
12%
16%
0%
0%

SH

The webinar was very good. I acquired some really useful information that’s going to help in my practice. I appreciate the in-depth knowledge of the presenter. Interesting presentation and flow.

GS

The pace at which Jason teaches and the way he covers topics like ERC is a joy in itself. Loved the webinar and the presenter is simply super when it comes to the techniques he uses. Thank you my CPE for hosting this wonderful webinar.

RN

This webinar allowed plenty of time to really absorb the information and presented more details. I thought it might be too much time for ERC but it worked out just right. Great program.

FC

Great presenter Does an excellent job

CB

Great Presentation