Checkpoint Learning

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Employee Retention Credit: What You Need to Know   New

CATEGORY: Taxation
COURSE ID: W671T, VERSION 1.00
  Webinar
2 CPE Credits
Level: Basic
The purpose of the Employee Retention Credit (ERC) is to encourage employers to keep employees on the payroll, even if they are not working during the covered period due to the effects of the pandemic. This credit is available for both 2020 and 2021 and provides a refundable credit up to $5,000 for each full-time equivalent employee retained between March 13 and December 31, 2020 and up to $7,000 per quarter for each retained employee between January 1 and December 31, 2021. In this webinar, we will discuss how to determine if an employer is eligible to receive the ERC, what is classified as qualified wages and how to calculate those, the impact of other tax credits and relief provisions with the ERC, and how employers can claim this credit. 

NOTE: The voluntary IRS Annual Filing Season Program (AFSP) requires that CE Sponsors collect PTINs from IRS professionals who wish to receive IRS credit. IRS PTIN holders (including Enrolled Agents) should enter their IRS PTIN into Checkpoint Learning so that course completions can be reported to the IRS. You do not need to enter your PTIN for each course you take; you only need to add it once. If you have any questions on how to do this, please contact us 800-431-9025.

THIS WEBINAR IS NOT ELIGIBLE FOR CTEC CREDIT.
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