Employee Retention Credit In-Depth

4.6 (430)

Jason Dinesen, EA

Dinesen Tax & Accounting, P.C.

Thursday, February 25, 2021 | 02:00 PM EST

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

2 CPE | 2 CE

FREE

Subject Area

Taxes

Webinar Qualifies For

2 PDC credit for SHRM Certified Professionals (Approval No. 21-KV6DN)

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

2 CPE credit for Certified Fraud Examiners (CFEs)

2 CPE credit of Taxes for all CPAs

2 CPD credit (Verifiable) for Certified Valuation Analyst (CVA)

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

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

2 CE credit of Federal Tax for Oregon Tax Preparers

2 CE credit of Annual Filing Season program (AFSP)( 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

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

(430)
65%
30%
5%
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DS

I can't overstate how wonderful the presentation was and that the presenter's delivery was clear and effective. Presenter's materials r answered all the questions I had before attending the seminar.

DJ

A to-the-point webinar. I had my doubts that Jason would be able to pull off the topic of ERC for an hour but I am glad I was wrong. For an hour of timeslot, the instructor did an incredible job fitting unbelievable information

LL

The content was outstanding. Every presenter needs to imbibe the presentation and teaching skills that Jason has. A very detailed webinar driven by a plethora of examples. Thank you Jason.

RS

Loved the way Jason explained ‘calculating the credit’. A thorough professional and highly skilled presenter indeed. Looking forward to attending many more seminars by Jason. I finally have a website I can turn to for my CPE credits.

KB

Jason leads by example. The case studied he showed as well as the flow of the entire webinar were a joy to be a part of. Definitely coming back for more. Thanks, Jason.

CL

I had a wonderful experience attending the webinar. The technology was smooth and the presenter was very well versed. Looking forward to many more. Thanks Jason