Claiming ERTC: Credit Alert for Employers

The Consolidated Appropriations Act, 2021, signed into law on December 27, 2020, by former President Trump, significantly enhanced the benefits of the Employee Retention Tax Credit (ERTC). This legislation not only made retroactive changes to the credit but also enhanced and extended the credit into 2021.

Many companies, especially those who participated in Paycheck Protection Program (PPP) loans, can now capture credits for wages paid during 2020 and receive even higher benefits for wages in 2021. Like most tax initiatives, the ERTC involves complexities and interaction with other tax provisions.

Here is an example of how powerful the ERTC can be: 

50-employee company (38 on health insurance) + 5-week Shut Down in 2020 = $163,500 ERTC in addition to their PPP loan.

Don’t assume you do not qualify! We strongly encourage you to watch this webinar, where we will provide you with an understanding of the ERTC credit, strategies to maximize the benefits, and how to benefit from other programs such as PPP, the Research and Development Tax Credit (R&D), and the Qualified Business Income (QBI) Deduction. Additionally, for those of you who perform government contracts, we will cover the impact of these credits on your certified overhead rate.

PLUS – all attendees will receive a beneficial tool to help determine if you qualify for these potentially significant credits.

During this event, you’ll:

• Understand the mechanics of the ERTC credit and how to qualify.
• Learn how to calculate and apply the credit.
• Understand how the credit interacts with other tax provisions and how to maximize your benefits.
• Learn the impact of the credit on your company’s certified overhead rete.

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