3.4.21 Webisode: Understanding the Employee Retention Tax Credit
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
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.
We are pleased to introduce Michelle Braswell, BNP’s Manager, Events & Programs as our latest Staff Spotlight.
Michelle’s role is to create, coordinate, and manage events and programs both virtually and in person.
Learn a little bit more about Michelle in this brief Q&A.
We are pleased to introduce Charlene Janiga, BNP’s Senior Coordinator, Marketing & Events as our latest Staff Spotlight. Charlene’s role is to handle all Partnership events registration and also provide support to our Marketing & Events team. Learn a little bit more about Charlene in this brief Q&A. Q: Tell us
We are pleased to introduce Seth Piccirillo, BNP’s Director of Economic Development as our latest Staff Spotlight. Seth’s role is to help our members increase their competitiveness and ability to thrive in the local, national and international economy. Learn a little bit more about Seth in this brief Q&A.
We are pleased to introduce BNP’s Senior Manager, Member Engagement – Nancy McNamara as our latest Staff Spotlight.
Nancy’s role is to engage our members in the services and resources offered by the BNP that offers them value and enable their businesses to thrive.