Episode 17: What's Going on with the Employee Retention Tax Credit

What's Next?
LISTEN NOW:

Episode 17: What's Going On with the Employee Retention Tax Credit

As part of the COVID-19 response, Congress offered an Employee Retention Tax Credit (ERTC) in 2020 to help incentivize employers to maintain headcounts. Year-end legislation extended the benefits through June 30, 2021, and modifications came about again during the recently passed American Rescue Plan Act. Bill Smith and Nate Smith, two members of our National Tax Office discuss the latest developments with the ERTC, including:

  • How the tax credit works
  • Significant developments since April 2020
  • Income tax considerations for businesses taking the ERTC
  • Additional guidance expected from the IRS

Bill-Smith-1.jpg

Guest: Bill Smith, Managing Director, National Tax Office

Bill is a tax lawyer with over 40 years of experience with tax planning and strategies for range of companies. He consults nationally for our team on complex tax matters.

Nate-Smith-1.jpg

Guest: Nate Smith, Managing Director, National Tax Office

Nate has over 20 years of experience providing technical support and strategic solutions for our tax practice, helping our team respond to industry and federal tax developments.

 

Copyright © 2021, CBIZ, Inc. All rights reserved. Contents of this publication may not be reproduced without the express written consent of CBIZ. This publication is distributed with the understanding that CBIZ is not rendering legal, accounting or other professional advice. The reader is advised to contact a tax professional prior to taking any action based upon this information. CBIZ assumes no liability whatsoever in connection with the use of this information and assumes no obligation to inform the reader of any changes in tax laws or other factors that could affect the information contained herein.

Episode 17: What's Going on with the Employee Retention Tax Credithttps://www.cbiz.com/Portals/0/Images/IP-AR-WhatsNextPodcast-Episode-1.jpg?ver=2020-12-06-124658-660Our National Tax Office breaks down what you need to know about the ERTC.2021-03-16T17:00:00-05:00

Our National Tax Office breaks down what you need to knowabout the ERTC.

Planning & Tax MinimizationFederal TaxIndividual TaxAccelerated RecoveryNo

    Insights in Your Inbox