Employee Retention Credit In-depth(With Latest Updates)

4.8 (12)

Jason Dinesen, EA, LPA

Dinesen Tax & Accounting, P.C.

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

2 Credits

$20

Subject Area

Taxes

Webinar Qualifies For

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

2 CPE credit for Certified Fraud Examiners (CFEs)

2 CPE credit of Taxes for all CPAs

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

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

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

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

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.

The topic is also scheduled as live webinar on the following dates

Apr 16, 2021 | 03:00 PM EDT Register

Overview

  • ERC and PPP
    3 mins
  • Gross Receipts Test
    19 mins
  • Determine Wages
    34 mins
  • What About Shareholder Wages?
    45 mins
  • 2020 Calculation
    63 mins
  • Advance Methodology
    84 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 CPE webinar for CPAs, EAs, and Tax Professionals will cover 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 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
  • 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 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?

  • Bookkeepers & Accountants & Tax Preparers
  • Business Owner
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • 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

(12)
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17%
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TM

Great webinar as usual. Thanks Jason & my-CPE!

TB

Jason Dinesen is my go-to for information that I can easily understand.