In 2020, Congress passed the CARES Act that gave employers two mutually exclusive loan options: the Employee Retention Credit (ERC) and the Paycheck Protection Program (PPP). COVID-19 relief legislation was extended and the ERC was enhanced, allowing employers who received a PPP loan in 2020 to retroactively claim the credit. CPAs have been tasked with digesting the vast amounts of information relating to these enhancements to help their clients apply the new laws. It can be overwhelming, to say the least! In this webcast, you'll grasp the latest guidance, practical advice and examples, so that you can help your clients navigate the enhanced ERC — even in situations where your clients received a PPP loan and loan forgiveness.
DESIGNED FOR
CPAs, Accountants and finance professionals, tax professionals, other qualified professionals, Sole practitioners, business owners
BENEFITS
*Identify the ERC rules for 2020 and the changes for 2021
*Recognize the interaction of the ERC and wages used for PPP loan forgiveness
*Distinguish how your clients can get all the available tax benefits
HIGHLIGHTS
*CARES Act-related ERC rules
*Enhancements made to the ERC in the Consolidated Appropriations Act, 2021 and the American Rescue Plan Act
*How to advise your clients
COURSE LEVEL
Basic
PREREQUISITES
none