With the first Form 941 of 2021 due soon, understanding the employee retention credit is more critical than ever. Our webinar in February walked attendees through the eligibility determination and credit calculations in detail. Since February, additional IRS guidance has been released and Congress has extended the credit through December 31, 2021.

Join Clark Nuber practitioners on Thursday, April 8, 2021 as we walk through the latest changes as you claim your credit for 2020 and/or 2021.  We will discuss the interplay with PPP loans, documentation requirements when claiming the credit, and common mistakes when doing the calculations.  We will also cover some of the frequent questions that are coming our way, including:

1. Do I calculate gross receipts on a cash or an accrual method of accounting?
2. Are PPP loan proceeds part of my gross receipts total?
3. Is the full-time employee number based on full-time employees only or do I also include full-time equivalents?
4. I submitted my forgiveness application in 2020 and only used wages for my qualifying expenses. How does this impact my employee retention credit calculation?
5. I received a PPP loan in 2020 and/or 2021. How do I maximize my PPP loan forgiveness and the employee retention credit on a quarterly basis?

Given that the rules and guidance on this credit are continuously changing, this is a webinar you do not want to miss!

OBJECTIVES

• Identify which time period(s) your organization is eligible for the credit
• Understand how to maximize the credit for your organization
• Gain insight on how the credit works with other COVID-19 relief programs
• Know the available options for obtaining the credit

PRESENTERS

• Sarah Huang, CPA, MST
• Jorge Alegre, CPA, MST

WHO SHOULD ATTEND

• CFOs, controllers, and accountants at organizations impacted by COVID-19
• Employers who obtained PPP loans in 2020 that were not previously eligible for the employee retention credit
• Employers facing declines in gross receipts in recent months
• Employers looking for clarity on how the various COVID-19 relief options work together (PPP loans, employee retention credit, expanded FMLA leave, other CARES Act/CAA/ARPA relief funds, etc.)

REGISTRATION

In order to attend this virtual event, please register HERE AT EVENTBRITE.COM

EVENT INFORMATION

• Date: Thursday, April 8, 2021
• Time: 11:00 AM to 12:00 PM PDT
• 1.0 technical CPE credit available
• Cost: FREE
• Platform: GoToWebinar