Maximizing the Employee Retention Credit (Currently Unavailable)
Author: Greg White
| CPE Credit: |
1 hour for CPAs
1 hour Federal Tax Related for EAs and OTRPs
1 hour Federal Tax Law for CTEC |
Join expert, Greg White, CPA, as he covers the employee retention credit. This credit is now available for taxpayers who have received PPP loans.
Publication Date: February 2021
Designed For
New and experienced CPA’s who practice in the tax area.
Topics Covered
- Relationship PPP Forgiveness and ERC
- Shareholders
- How Much Weight Do FAQ's Carry?
- Differences between the credit available for 2020 vs. 2021
- Election 80% Rule
- Two for One
- Definition: Gross Receipts
- Employee Retention Credit: Selected Fine Print
Learning Objectives
- Identify clients who qualify for the employee retention credit
- Recognize how to compute the credit
- Recognize how to allocate wages between PPP forgiveness and the retention credit
- Identify an advantage of using the prior quarter for the 80% test
- Recognize which types of situations would a business qualify for a partial suspension
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Taxes (1 hour)
Program Prerequisites
Basic understanding of tax preparation.
Advance Preparation
None
