Commonwealth Payroll Webinar: Maximizing Your Company’s Return with the Employee Retention Tax Credit
The overwhelming popularity of 2020’s First Draw Paycheck Protection Program eclipsed the benefit and use of the CARES Act’s other offering, the Employee Retention Tax Credit (ERTC). Earlier this year, the signing of the Consolidated Appropriations Act extended and changed the parameters of the ERTC, affording the possibility of great benefit to all companies affected by government mandated shutdowns and economic impact, regardless of whether they took or will take advantage of the PPP.
Join HUB International’s Tim Quin, David Natan of Newburg CPA and Jeff Plakans of Commonwealth Payroll & HR on Friday, February 5 at 1:00 PM for a panel discussion moderated by HUB’s Marc Mingolelli on why the ERTC is relevant now, and why you can’t afford to overlook it.
During this hour, we’ll cover important points such as:
What is the ERTC and who qualifies?
The 2020 Retroactive Opportunity vs. the 2021 Prospective Opportunity
How ERTC and the PPP programs interplay
How can my payroll company assist?
How will this impact our business taxes?
The two key areas requiring further guidance or clarification:
Mechanics of applying PPP payroll expense usage (no double dip)
Meeting the partial or full suspension requirement (provide IRS FAQ examples)
Walk through various examples and/or high-level calculations
P&C- Pandemic Update, Furloughed Employees, WComp etc.
Q&A (questions received in advance not answered by above)