Per the IRS Education Provider Standards this course must be COMPLETED by 12/31/2025 to receive credits. NOTE: Go to My Professional Profile in your CCH CPELink account settings to ensure your name, and PTIN number; matches your PTIN card
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 2022
Designed For
New and experienced CPA’s who practice in the tax area.
Topics Covered
- Employee Retention Credit
- PPP Loans - Interaction with ERC
- ARPA Changes - Employee Retention Credit
- Limitation - Large Employers
- Wages Paid to Majority Shareholders and Relatives
- Partial Suspension
- No Double Counting - Relationship PPP Forgiveness and ERC
- It's Not Too Late to Amend Form 941-X
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
- Recognize the establishment that would be subject to partial suspension of ERC caused by government order
- Identify the form that should be filed if you missed the ERC
Level
Update
Instructional Method
Self-Study
NASBA Field of Study
Taxes (1 hour)
Program Prerequisites
Basic understanding of tax preparation.
Advance Preparation
None
Instructor
Greg White
Greg White, CPA, taught for 14 years as an adjunct professor for Golden Gate University. He’s admitted to practice before the United States Tax Court. He is a founder and shareholder, in WGN PS in Seattle, WA. He has been named a Top 50 IRS Representation Practitioner in the U.S. by CPA Magazine and has taught for a number of professional organizations. Greg enjoys the technical side of tax, but also likes to have fun in class.