Employee Retention Credit (ERC) - What You Need to Know!
ATTENTION BUSINESS OWNERS - DON’T LEAVE MONEY ON THE TABLE!!
Join RIMA and RISCPA as we host the SBA for a Free Event:
Employee Retention Credit (ERC) – What You Need to Know!Date: Tuesday August 3rd 9:00 – 10:30 am – Microsoft Teams Virtual Meeting
Click to REGISTER TODAY!
About this FREE event:
Employers are urged to take advantage of the newly-extended Employee Retention Credit (ERC), which made it easier for businesses to keep employees on the payroll during COVID-19, but it’s hard to know where to begin. Under the recently enacted American Rescue Plan (ARP) Act, and previously under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the ERC can now be claimed through December 2021 by eligible employers who retained employees during the COVID-19 pandemic.
Join us on Tuesday, August 3rd from 9:00 am – 10:30 am for critical updates on this program, including changes enacted in December 2020 in The Taxpayer Certainty and Disaster Tax Relief Act of 2020.
Join the SBA as they host RIMA and RISCPA and CPA experts Peter Gervais, CPA, CFP®, MST, Partner, Director of Tax Planning and Compliance and Ed Houde, Director of Mergers and Acquisitions, CPA, MST with DiSanto, Priest & Co. to learn about the ERC.
Eligible employers can now claim a refundable tax credit against the employer share of Social Security tax equal to 70% of the qualified wages they pay to employees between January 1 and June 30, 2021. Qualified wages are capped at $10,000 per employee, per calendar quarter for 2021. The maximum ERC amount available is $7,000 per employee per calendar quarter, for a total of $14,000 in 2021.
Be sure to bring your questions - there will be plenty of time for Q&A at the end of the presentation!!