3.4.21 Webisode: Understanding the Employee Retention Tax Credit
Blog Categories
Cheryl Ciccarelli
March 11, 2021
Understanding the Employee Retention Tax Credit
The BNP and experts from Tronconi Segarra & Associates LLP (TSA) discussed the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act’s Employee Retention Tax Credit (ERTC).
The ERTC is a refundable tax credit created by the CARES Act to encourage employers impacted by the pandemic to keep their employees on the payroll. The federal relief legislation enacted in late December extended and enhanced the ERTC, making it available to even more businesses and nonprofits in 2021, while also making retroactive changes to allow employers who received a Paycheck Protection Program (PPP) loan in 2020, to take advantage of the ERTC as well.
BNP’s webisode with TSA will answer your questions about:
- Who is eligible for the ERTC?
- How is the credit calculated and claimed by employers?
- How it interacts with the PPP and other relief programs?
Watch the Presentation Below
Thank you to our presenters for their expertise:
*****
The Buffalo Niagara Partnership is committed to providing employers with the latest information and resources to help you deal with COVID-19 and its impact on our community, state, and nation. Visit our Events Page and Resource Page, as they are updated regularly to provide you with the most current information.
Do you have specific questions related to running your business or your business unit? Visit the BNP Business Link, a question and answer forum for, and by, the Buffalo Niagara business community. Submit your questions and get expert answers on just about any topic from legal, IT, HR, NYS regulations, sales, marketing, communications, and more. It is quick, confidential, powerful, and convenient. The BNP Business Link can help you today.
Related Posts
1.11.21 COVID-19 Bulletin: NYS State of the State
Today, the State Legislature is passing a short-term budget extender, indicating a continued lack of consensus on a budget deal. The extender allows the state government to continue operations while buying time for the Governor and Legislature to reach an agreement on a number of outstanding issues. As we
11/17 Webisode: New Guidelines for Out-of-State Travelers
NYS has changed protocols for people traveling to New York including state residents.
The new mandate was issued as part of an executive order by Governor Cuomo and allows people to test-out of quarantine.
8/26 Webisode: School’s Back (Mostly) What Employers Need to Know About Paid Leave
The U.S. Department of Labor published guidance concerning eligibility for paid leave and Pandemic Unemployment Assistance related to the reopening of schools.
The new mandate was issued as part of an executive order by Governor Cuomo and allows people to test-out of quarantine.
8/20 Webisode: Borrower Beware: Defending PPP Loans from After-the-Fact Gov’t Scrutiny
The Paycheck Protection Program (PPP) was a lifeline to many companies faced with the existential threat of an unknown pandemic. But the prospect of “free money” by loan forgiveness comes with ever-evolving strings – including the possibility of an audit and scrutiny by federal agencies with the jurisdiction and political will to investigate borrowers’ eligibility and use of funds.
The new mandate was issued as part of an executive order by Governor Cuomo and allows people to test-out of quarantine.