Maximizing the Employee Retention Credit

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

Registration Options
Quantity
Fees
Regular Fee $49.00

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