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
5/6 Webisode: WNY Impact Survey Results
The Partnership hosted a webisode to review updates to the Paycheck Protection Program and explain the Paycheck Protection Program Flexibility Act.
4/10 Webisode: SBA Loan Facts – EIDL and the Paycheck Protection Program
Two federal loan programs are now open and available to employers to help stabilize businesses reeling from the economic impact of the COVID-19 pandemic.
Webisode: COVID-19 Federal Stimulus Details & The Business Impact
President Trump and Congress have passed a massive $2 trillion stimulus package in the wake of the COVID-19 pandemic that is devastating large segments of the United States economy.
The Partnership organized a webisode with the U.S. Chamber of Commerce to breakdown the stimulus package and help employers better understand what’s included to help your business, your employees, and the Buffalo Niagara economy recover in the long run.
Webisode: New Paid Leave Policies for COVID-19: Clarity for Employers
The federal and state governments have passed sweeping paid leave policies for workers impacted by COVID-19, aka the corona virus. In response, the Partnership organized a webisode for local employers on 3/25/20 to provide clarity around these new mandates and to help them prepare to take the necessary steps to protect themselves and their employees. Some questions that were answered included: