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Employee Retention Credit In-depth (With Latest Updates)

4.8 (16)

Jason Dinesen, EA, LPA

Dinesen Tax & Accounting, P.C.

  • AFSP
  • CFP
  • CFEs
  • CPP
  • CPA
  • CVA
  • EA
  • Tax Preparer
  • SHRM
  • CTEC
  • FPC

Published: May, 2021

2 Credits

$20

Subject Area

Taxes

Webinar Qualifies For

2 CPE credit of Taxes for all CPAs

2 CE credit of Federal Tax Update for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-U-00403-21-S)

2 CE credit of Federal Tax Law Update for California Tax Professionals (CTEC Approved-6273) (Approval No. 6273-CE-0404)

2 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

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

2 RCH credit for Fundamental Payroll Certification (FPC) (Approval No. 21CPE003)

2 RCH credit for Certified Payroll Professional (CPP) (Approval No. 21CPE003)

2 CPE credit for Certified Fraud Examiners (CFEs)

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

2 CE credit of Tax Planning for all CFPs (CFP Board Approved : 8061) (Approval No. 289996)

2 CE credit of Federal Tax Update for Oregon Tax Preparers (Approval No. GEHNZ-U-00403-21-S)

2 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-U-00403-21-S)

2 General Educational credit for Tax Professionals / Bookkeepers / Accountants

You need to register for the webinar to watch the video.

Click Here to Register

Before starting this self study program, please go through the instructional document.

Overview

  • ERC and PPP
    3 mins
  • Partial Shutdown
    13 mins
  • 100 employees
    30 mins
  • Health Insurance
    37 mins
  • What about Shareholder wages?
    49 mins
  • ERC 2021
    60 mins
  • Advances
    66 mins
  • Sticky Issues
    75 mins
  • Form 941
    89 mins
  • Just one more thing
    93 mins

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 online CPE webinar for CPAs, EAs, and Tax Professionals will cover the latest updates, show comparisons between 2020 and 2021, and discuss how the lifting of the PPP restriction that comes with caveats is still good on certain aspects. The webinar will also discuss income tax considerations relating to ERC claims because the allowable amount of deductions is reduced by the amount of credit received.

This online CPE webinar covers following key topics:

  • ERC in general
  • ERC for 2020
  • LATEST 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 CPE webinar with the Latest updates on Employee Retention Credit is recommended 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 latest 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?

  • Business Owner
  • Certified Financial Planner
  • Certified Fraud Examiner
  • Certified Valuation Analysts
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Enrolled Agent
  • HR Professionals
  • Human Resources Manager
  • Tax Accountant (Industry)
  • Tax Attorney
  • Tax Director (Industry)
  • Tax Firm
  • Tax Managers
  • Tax Practitioners
  • Tax Preparer
  • Tax Professionals
  • Tax Pros
  • Young CPA

Testimonial

4.8

(16)
81%
19%
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KJ

Good in depth info