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3/4 Webisode: Understanding the Employee Retention Tax Credit

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:

 

 

 

 

 

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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.

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