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Optimizing ERC For Your Business

  • Accountant
  • AFSP
  • CRTP
  • CPA (US)
  • CVA
  • EA
  • ORTP
  • MRTP
  • CBA/MCBA
  • CFIRS
  • CWS
  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Course Description

ERTC is the acronym for Employee Retention Tax Credit.

In simplest terms, the ERTC is a portion of authorized wages paid by employers to their employees. It is one of the relief provisions included in the Coronavirus Aids Relief and Economic Security (CARES) act.

The relief is helping employers keep their employees on payroll during situations that can cause economic recession and depression. The ERTC is 50% of the wages that have been authorized by the employer to be paid to the employee. That has been the rate since March 12th, 2020, and before January 1st, 2021. Therefore, it is provided in the CARES Act that the highest amount of authorized wages which is considered per employee, is $10,000. That is for all the quarters in the year 2020. Hence, the maximum payment from an employer to any employee in terms of authorized wages is $5,000 during the 2020 calendar year.

Not every employer is eligible to claim the ERTC. To be eligible, your business must have been affected by the COVID-19 pandemic. Self-employed persons and government employers are not qualified for ERTC. Two conditions must be met to qualify an employer to claim ERTC, and according to the IRS website, those conditions are:

The ETRC program has now been extended to include all quarters in 2021 and includes the below key changes:

  • 70% credit rate vs 50% of authorized wages;
  • Expand eligibility for the credit by reducing the required year-over-year gross receipts decline from 50% to 20% and provide a safe harbor allowing employers to use prior quarter gross receipts to determine eligibility;
  • Increases the limit on per-employee creditable wages from $10,000 for the year to $10,000 for each quarter;
  • Increases the 100-employee delineation for determining the relevant qualified wage base to employers with 500 or fewer employees;
  • Allows specific public instrumentalities to claim the credit;
  • Removes the 30-day wage limitation, allowing employers to, for example, claim the credit for bonus pay to essential workers;
  • Allows businesses with 500 or fewer employees to advance the credit at any point during the quarter based on wages paid in the same quarter in a previous year; and
  • Provides rules to allow new employers who were not in existence for all or part of 2019 to be able to claim the credit.

It is pertinent to note that the highest additional amount of qualified wages per employee is $40,000. This is now for Q1 through Q3 of 2021, which would produce an additional ERTC of $21,000 per employee during the 2021 calendar year.

This CE/CPE course will be helpful to business owners, CPAs, payroll providers, and financial service providers who want to understand the Employee Retention Credit (ERC) under the CARES Act. 

The ERC is a refundable and advanceable tax credit for businesses based on the number of qualifying employees which qualified businesses can now receive up to $26k per qualified employee for 2020 and 2021. 

Following are the major topics covered in this CE/CPE tax webinar:

  • ERC Program
  • ERC Advance
  • Who and what qualifies for the ERC Program
  • How much funding is possible from ERC per employee
  • Required documents to apply for the ERC
  • How long the ERC funding takes to complete
  • How to get an ERC Advance
  • Affiliate ERC program

Learning Objectives

  • To analyze what is the Employee Retention Tax Credit (ERTC).
  • To discuss what is an ERTC Advance.
  • To discuss who and what qualifies for the ERTC Program or not.
  • To inspect how to get the application process started for ERTC funding.
  • To analyze how to become a part of an affiliate partners program with Valiant.

Recommended For

  • This IRS Approved CE webinar will be insightful for CPAs, EAs, AFSPs, ORTP, MRTP, CRTP, CVA, CBA/MCBA, payroll providers, financial service providers, Tax Professionals, Managers, Business owners, Investors, and other professionals who want to understand the Employee Retention Credit (ERC) under the CARES Act.

Who Should Attend?

  • Bookkeepers & Accountants & Tax Preparers
  • Business Owner
  • California Registered Tax Professional
  • Certified Public Accountant (CPA)
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • Maryland Tax Preparers
  • Oregon Tax Preparers
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Professionals
  • Tax Pros

Course Qualification

Webinar Qualifies For

  • 1 CE Credit of Federal tax-related matters for Annual Filing Season Program (AFSP)
  • 1 CE Credit for California Registered Tax Preparers (CRTP) (Approval No. 6273-CE-0862)
  • 1 CPE Credit of Taxes for Certified Public Accountants (CPA-US)
  • 1 CPE Credit for Certified Valuation Analyst (CVA)
  • 1 CE Credit for Enrolled Agents (EA) (Approval No. GEHNZ-T-00926-22-O)
  • 1 CE Credit for Oregon Registered Tax Preparers (ORTP) (Approval No. GEHNZ-T-00926-22-O)
  • 1 CE Credit for Maryland Tax Preparer (MRTP) (Approval No. GEHNZ-T-00926-22-O)
  • 1 CPE Credit for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
  • 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 1 CE Credit for Certified Wealth Strategist (CWS)
  • 1 General Credit for Accountant/Bookkeeper/Tax Professionals

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    Group Internet Based
  • Pre-requisites :
    None
  • Advance Preparation :
    None

IRS APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: GEHNZ) has entered into an agreement with the Internal Revenue Service, to meet the requirements of 31 Code of Federal Regulations, section 10.6(g), covering maintenance of attendance records, retention of program outlines, qualifications of instructors, and length of class hours. This agreement does not constitute an endorsement by the IRS as to the quality of the program or its contribution to the professional competence of the enrolled individual. Credit earned by attendees with a PTIN will be reported directly to the IRS as required of all providers. To ensure your CPE hours are reported, update your profile in My Account to include your PTIN number. Please note: IRS CE is only mandatory for EAs and ERPAs. For all other tax return preparers, CE is voluntary.

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) 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.

CTEC APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor ID# : 6273) has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.

Presenter

About Presenter

Lou Gonzalez

Co-Founder, Valiant Capital

Lou is the Managing Director at Valiant Capital and oversees all operations and corporate strategies. Before Valiant Capital, he started his banking career in 2002 and gained his experience with Bank One, JPMorgan Chase, BBVA USA, and Comerica Bank, with a dedicated focus in SME, Commercial, and International Finance.


Throughout his career, he has received numerous awards for customer dedication, production, and leadership. Mr. Gonzalez holds a Bachelor’s degree in Business Finance and has received the President’s Student Service Award by George W. Bush. Outside of work, Lou is keen on community service and runs a non-profit organization where XYZ.

Lou is known for sharp tax interpretations, and he quickly brings his analysis of the latest tax updates and IRS guidance to the professional community.

About Company

Valiant Capital

www.valiant-capital.com

Valiant Capital is a Direct Lender and Capital Advisory Firm that assists business enterprises to acquire loans from selected reliable lenders, as well as offer quality financial consultancy services to help businesses and business owners achieve all-around business success. 


With our wealth of experience in commercial funding gained from over 25 years in the lending business, we have helped businesses and developers raise capital at the best terms and rates to acquire, refinance or restructure their businesses and real estate. Valiant Capital has done hundreds of transactions with over half a billion dollars in complex Commercial Financing and over a hundred million dollars for Employee Retention Tax Credits.


Co-headquartered in Austin and Houston, we serve clients nationwide with a primary focus in Texas.

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
  • Polling feature Not supported: If you are logging in through browser or web portal in the browser (zoom.us) it doesn’t support the polling feature. Please be advised the current polling feature can only be supported via Zoom desktop and mobile app. You can check the same here : https://support.zoom.us/hc/en-us/articles/203749865-Polling-for-webinars
  • This event may be a recorded rebroadcast of a live event done in past and the instructor will be available to answer your questions during/after the webinar.
  • If you still face the polling problem please don’t panic and provide your response in the chat and we shall consider the same for processing for credits. You can download Zoom by clicking on the mentioned link : https://zoom.us/download
  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

4.3

53 Ratings

Excellent

28

Very Good

16

Average

6

Poor

2

Terrible

1

CN

Cheryl Nuzzolo, CPA (US)

Mar 10th, 2022

Good presentation and nice to know this company offers an alternative to waiting for IRS to process refunds.

NM

Nicole Mehr, CPA (US)

Mar 16th, 2022

a

KL

Ken Laraway, CPA (US)

Mar 10th, 2022

Overall I learned quite a bit but there was to much infomercial to get business.

NS

Nicole Serra, CPA (US)

Mar 10th, 2022

not good. I felt like it was a very long advertisement for a business. Not exactly a learning webinar.

KH

Karen Hull, JD, Others, QB Pro Advisor

Mar 10th, 2022

Seemed like a sales pitch more than a learning experience. Instructor stumbled on his own information frequently & had to restate thoughts. Overall it was difficult to sit through.

Optimizing ERC For Your Business

FREE

1 Credit

Subject Area

Taxes

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