Employee Retention Credit Seminar Opportunity
The Employee Retention Credit continues to be a hot topic and potential for large cash refunds for those employers who can demonstrate the required decrease in gross receipts or other Covid related shut-down parameters from Q2 2020 through Q3 2021. I have many clients that have received six figure refunds because of this credit. The requirements are more black and white than the PPP program and are not based on financial hardship.
One year from now the opportunity to amend Q2 and Q3 2020 payroll tax returns to claim the employee retention credit will close. The National Society of Accountants for Cooperatives (NSAC) is presenting an informational seminar on August 23 that will include a panel discussion. Jen Rohen, CLA’s Business Incentives Consulting Practice Leader, will be part of this panel. The panelists will provide an overview of the ERC and how to qualify, including:
• Partial and full shutdowns as they apply to the ERC
• What constitutes “gross receipts”
• Safe harbors
• Rules for large employers
• Unsettled matters and how the IRS is examining ERC claims
To register for this session, please use the link below. The ERC is an incredible opportunity to capture payroll tax refunds and time to make a claim is starting to run short.
Kelly Jackson Hardy is a certified public accountant and business advisor specializing in income taxation, accounting services, and succession planning for farmers, privately-held elevators and supply dealers, and cooperatives. Kelly is a principal with CliftonLarsonAllen in Princeton, Illinois, as well as a regular speaker at tax and estate planning seminars. Kelly was raised on a hog, row crop and cattle farm in central Illinois and has been involved in the ag industry her entire life. Kelly, her husband, and two sons are active in 4-H and operate a small feeder calf operation and pumpkin business.
I will be traveling tomorrow – how long will be seminar last? could i listen by phone or will you have a copy that i could listen to later