Maximizing the Employee Retention Credit
Author: Greg White
| CPE Credit: |
1 hour for CPAs
1 hour Federal Tax Law Updates for EAs and OTRPs
1 hour Federal Tax Updates for CTEC |
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
