Event Overview
Course Description:
The Employee Retention Credit (ERC) was originally passed as part of the CARES Act to help businesses affected negatively by COVID-19. The ERC was recently expanded as part of the year-end COVID relief legislation and now retroactively allows employers that took Paycheck Protection Plan (PPP) loans to also claim the ERC. The legislation also extended availability of the ERC to June 30, 2021 and significantly raised the credit rates. The ERC is a refundable tax credit of up to $5,000 per employee in 2020 and up to $21,000 per employee in 2021 as Q3 is now eligible.
In this webinar, we will cover important topics relating to the Employee Retention Credit and provide examples of how it could potentially benefit your organization. Following the webinar, we will host general and industry-specific breakouts for the nonprofit, healthcare, and higher education industries. When registering, please identify whether you would like to participate in one of these industry breakouts.
Learning Objectives:
- Identify what businesses do and do not qualify for the ERC.
- Demonstrate how the ERC is calculated.
- Discuss how to claim the credit.
Marc Behrens, CPA, Senior Manager
Presenters:
Tonya Rule, CPA, Partner-in-Charge of Health Care Reform | Eide Bailly
Tonya has 20+ years public accounting experience providing tax and consulting services to individuals and businesses. She currently leads the Firm’s Health Care Reform specialty services and helps businesses with the rules surrounding the Affordable Care Act. She assists large employers with the compliance requirements, Forms 1094-C and 1095-C, and she also advises them on very technical rules that many employers and advisors aren't aware of. In addition, she works with small businesses who are planning on expanding their current operations to make sure they are doing everything from measuring their employees correctly to deciding on the best insurance plan for their business. Tonya regularly works with clients on various ACA IRS notices and has been very successful in getting most of these penalties abated.
Jim Donovan, CPA, Partner-in-Charge of R&D Tax Incentives | Eide Bailly
Jim has more than 20 years of tax consulting experience helping clients benefit from federal and state incentives, including credits for activities most consider a necessity to remain competitive in today’s global market. Jim oversees the employee retention credit and R&D tax credit practices and is a leader in the Business Credits & Incentives space. He also assists clients in sustaining their credits if examined by a federal or state authority. Jim has authored articles on tax incentives and actively presents on business credits and incentives at conferences and webinars.
Jesse Wutkee, CPA, Partner | Eide Bailly
Jesse provides tax consulting services to clients throughout the country. He helps clients benefit from research and development tax credits at the federal and state level spending a majority of his time in the technology, manufacturing, construction and agriculture industries. He represents clients before federal and state tax authorities to support their R&D credit claims.
Breakout Facilitators:
Higher Education:
Jesse Wutkee, CPA, Partner
Jerry O'Doherty, CPA, CGMA, Partner/Market Leader - South Central
Krystal Elms, CPA, Senior Manager
Sarah Griger, CPA, Senior Manager
Healthcare:
Shawn Deluhery, CPA, Health Care Consulting Senior Manager
Marty Dubas, CPA, Partner
Marcus Goldenstein, Senior Associate
Jaiden Ellenwood, Senior Manager
Nonprofit:
Tonya Rule, CPA, Partner-in-Charge of Health Care Reform
Deb Nelson, CPA, Partner-in-Charge of Nonprofit
Justin Hope, CPA, FHFMA, Partner
Cody Powers, Senior Manager
John Shurtliff, Senior Manager
General:
Jim Donovan, CPA, Partner-in-Charge of R&D Tax Incentives
Jim Sousley, CPA, CAP, Partner
Kendra Samuelson, CPA, Manager
Marc Behrens, CPA, Senior Manager
CPE Credits: 1
Field of Study: Taxes
Level of Knowledge: Overview
Delivery Method: Group-Internet Based