Update on The Employee Retention Tax Credit: What You Need to Know

EVENT DATE:

May 30,2023

PRESENTER(s): Andrew Seifert

1:00 PM ET | 12:00 PM CT | 10:00 AM PT | 120 Minutes

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On-Demand + Web Download ($229.00)

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The Employee Retention Credit is a great way to bring revenues to your firm while helping your struggling clients with their cash flow. As part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), some employers (including community banks) may be eligible for a refundable payroll tax credit, if certain criteria are met. The credit can provide up to $26,000 in wages paid per W-2 employee that the business has. This virtual conference will take you through the ins and outs of preparing these credits for your clients. We will help you to identify your clients that can potentially claim the credit, look at how to calculate the credit, and how to amend the proper forms to claim the credit.

This webinar will cover the latest updates related to the Employee Retention Credit (ERC) and what it could mean for you. We will cover:

Major topics covered in :

Legislative history of ERC
Determine ERC eligibility
ERC for tax years 2020 and 2021
How PPP and ERC relate to each other
Professional responsibility and ethical considerations related to ERC
ERC/ERTC strategies to retroactively claim the credit – it’s NOT too late!
Calculate the amount of ERC
Access and apply for the ERC

Learning Objectives:

Define strategies and mechanics to claiming ERC alongside PPP forgiveness
Outline the extension of ERC—including new rules
Identify who qualifies (and does not) for ERC
How to apply for employee retention credit?
What is the deadline for employee retention credit?
Is the employee retention credit taxable income
List new opportunities under ARPA for start-up businesses
Name strategies for churning out those 941s (and 941-Xs and 7200s) to cash in

Credits and Other information:

Recommended CPE credit – 2.0
Recommended field of study – Taxes
Session Prerequisites and preparation: None
Session learning level: Basic
Location: Virtual/Online
Delivery method: Group Internet Based
IRS Course ID: PJGWS-T-00074-23-O
Attendance Requirement: Yes
Session Duration: 2 Hours
Case Studies and Live Q&A session with speaker
PowerPoint presentation for reference

Who Will Benefit:

CPA
Enrolled Agents (EAs)
Tax Professionals
Attorneys
Other Tax Preparers
Finance professionals
Financial planners

Speaker Profile:

Andrew Seifert's focus has been assisting clients with complex tax issues. He specializes in federal and multi-state corporate and partnership tax compliance, accounting methods, tax research, and mergers and acquisitions. Andrew also assists with forensic investigations, loss calculations, contractual disputes, business policy development, regulatory compliance matters and litigation readiness. He is dedicated to assisting the firm's clients with their unique and challenging issues.

Andrew has presented on various tax topics for the Minnesota Society of CPAs (MNCPA), Minnesota CLE, the Financial Planning Association of Minnesota, and National Employment Lawyers Association (NELA). He has served as an adjunct faculty member in the University of Minnesota law school and currently serves as an adjunct faculty member of the University of Minnesota's masters of business taxation program.

Update on The Employee Retention Tax Credit: What You Need to Know

EVENT DATE:

PRESENTER(s): Andrew Seifert

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