On March 27th, 2020 the CARES Act provded for the Employee Retention Credit, a refundable credit against the employer share of the Social Security tax. This was made available to recipients of PPP loans and eventually extended the ERC to December 31, 2021.
The below webinar covers the ins and outs of the Employee Retention Tax Credit including:
- Affiliate Rules
- Eligible Employers: Small vs Large
- Eligibility Tests: Revenue or Full/Partial Closure
- Calculating the ERC using Qualified Wages, including related party issues
- Interaction with Other Credits and PPP
- Claiming the ERC