Course Description:
The Employee Retention Credit (ERC) is designed to encourage employers whose businesses have been affected by COVID-19 to keep employees on payroll. The ERC is available to employers, including nonprofit organizations and certain governmental entities. The program was initially created under the CARES Act, but updates have made it more accessible and valuable. Employers can potentially access a credit of up to $7,000 per employee per qualifying quarter in 2021. The webinar will provide an overview of the law and guidance in place to help determine if you could be eligible and next steps if you are.

We will also discuss some “things you should know” about the complicated HHS Provider Relief Fund program. Reporting Period 1 is still ongoing and Phase 4 and Rural ARP applications have been submitted with many groups awaiting more payments. We will share some of the lessons learned throughout this process.

Presenters:
Jim Donovan, Partner, CPA, MBA | Eide Bailly
Jim has 20 years of tax consulting experience primarily focused on tax credits for a variety of industries. These include the R&D tax credit and the employee retention tax credit (ERC). He helps clients benefit from federal and state tax incentives, which can include additional deductions and credits for activities many businesses consider a necessity to remain competitive in today's marketplace. He also assists with IRS and state taxing authorities to support R&D and ERC claims. He has written articles and presented on tax incentives to several external organizations.

Tyler Bernier, Partner, CPA, FHFMA | Eide Bailly
Tyler has over 16 years of experience in public accounting and specializes in in the healthcare industry serving nonprofit, government and for-profit healthcare organizations. Tyler serves as the chair of Eide Bailly’s Assurance Practice Healthcare Technical Issues Committee, which analyzes new accounting pronouncements and significant transactions that affect the industry and is a facilitator for numerous technical trainings. He has also helped lead the Firm’s COVID response task force, focusing on the Provider Relief Fund.

Shawn Deluhery, Senior Manager, CPAs | Eide Bailly
Shawn joined Eide Bailly in 2011 and serves healthcare providers in areas of finance, operations, and strategic consulting. Shawn is also currently serving clients with needs related to the Employer Retention Credit. His experience includes performing operation engagements for providers looking for further efficiency and other improvements to service line operations. He also consults with providers to assist in quantifying strategic plans. Shawn brings a clear communication style; operations focus and modeling leadership to every engagement. He helps his clients understand the process so they can make informed decisions.

Additional Information: This is a Group-Internet Based Webinar. No prerequisites or advanced preparation required. For information regarding refund, complaint and program cancellation policies, please contact Amy DeGeorge.