COVID-19 Relief Update / ERC - American Institute of CPAs
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It's not too late for taxpayers, including not-for-profit entities, to claim the Employee Retention Tax Credit (ERTC) for 2020 and 2021. Potential refunds of up to $5,000 per eligible employee for 2020 and $7,000 per quarter per eligible employee for 2021 could be achieved. We will also look at other COVID-19 relief programs that can be beneficial to your organization or clients.
Learning Objectives:
Analyze the ERTC calculation in depth including the special definition of gross receipts for not-for-profit entities.
Recall troublesome ERTC rules and PPP loan forgiveness nuances.
Recognize the latest ERTC guidance and how it may impact your organization.
Speaker(s):
Richard
J. Locastro,
CPA, JD,
Partner, Director Non-Profit Tax,
GRF CPAs & Advisors