Employee Retention Tax Credits (ERTC) – What changed for 2021?

March 11, 2021
Employee Retention Tax Credits (ERTC) – What changed for 2021?
Employee Retention Tax Credits (ERTC), which are designed to help small business owners offset the economic losses associated with COVID. It’s critical that CPAs bring this opportunity to their client base. 
 
Although ERTC is one program, there are two different sets of qualifications for two different years (2020, 2021).
 
  • PPP loan participation restrictions have been lifted.
  • Up to $5,000 per eligible employee in 2020 
  • Up to $14,000 per eligible employee in 2021
  • Non-profits, for-profits and some government-owned entities are eligible to participate. 
  • Credits are applied on an entity’s quarterly 941 and offset the employer’s payroll taxes. 

Category: Professional Development

CPE Hours: 0

Event Date & Time: March 18, 2021 @ 11:00 am 
(All events are Central Time)

Instructor: Charles Hylan & Philip Wentworth, Jr.

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