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
|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.
|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.
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