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Practical Applications of the Employee Retention Credit
Tax
Webcast

Practical Applications of the Employee Retention Credit

Learn key concepts, practical advice, the latest guidance and examples of the Employee Retention Credit.

Do you have an AICPA or CIMA membership? Log in to apply your member discount.

Format

Webcast

NASBA Field of Study

Taxes

Level

Basic

CPE Credits

2

Instructor

Tommy Lee, John Santamour, Justin Elanjian

Availability

3 months

Product Number

WC3211893

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 Business & partner 
Product Details

Guidance and practical advice for the enhanced ERC

In 2020, Congress passed the CARES Act that gave employers two mutually exclusive loan options: the Employee Retention Credit (ERC) and the Paycheck Protection Program (PPP).

COVID-19 relief legislation was extended and the ERC was enhanced, allowing employers who received a PPP loan in 2020 to retroactively claim the credit.

CPAs have been tasked with digesting the vast amounts of information relating to these enhancements to help their clients apply the new laws. It can be overwhelming, to say the least!

In this webcast, you'll grasp the latest guidance, practical advice and examples, so that you can help your clients navigate the enhanced ERC — even in situations where your clients received a PPP loan and loan forgiveness.

Key Topics

  • CARES Act-related ERC rules
  • Enhancements made to the ERC in the Consolidated Appropriations Act, 2021 and the American Rescue Plan Act
  • How to advise your clients

Learning Outcomes

  • Identify the ERC rules for 2020 and the changes for 2021
  • Recognize the interaction of the ERC and wages used for PPP loan forgiveness
  • Distinguish how your clients can get all the available tax benefits

Who Will Benefit

  • CPAs
  • Accountants and finance professionals
  • Tax professionals
  • Other qualified professionals
  • Sole practitioners
  • Business owners
More Details
NASBA Field of Study
Taxes
Level
Basic
Prerequisites
None
Access
This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.
Duration
2 hrs
Pricing
Do you have an AICPA or CIMA membership? Log in to apply your member discount.

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

Start order

6+ registrants

We can help with group discounts. Email client.support@aicpa-cima.com
US customers call 1-800-634-6780 (option 1)

Contact us
Speakers
Tommy Lee
Tommy is the partner-in-charge of Aprio’s Retail, Franchise & Hospitality group. Tommy works closely with executives and owners of middle-market retail, franchise and hospitality operations across the nation. Aprio has gained national acclaim for its thought leadership on maximizing CARES Act legislation benefits, and Tommy has played a key role in founding Aprio’s PPP and ERC Services group. A focus of his practice continues to be helping clients leverage these programs to increase liquidity. His clients count on him for tax structures and ongoing business and strategic tax planning that support profitable growth. Tommy has personally helped hundreds of businesses increase cash flow through the skillful coordination of CARES Act benefits. He is an expert at successfully guiding clients through PPP loan applications, accounting and forgiveness processes and coordinating other programs like the Employee Retention Credit and the Restaurant Revitalization Fund Grants to maximize their benefits. Tommy is the former president of the Atlanta chapter of the Georgia Society of CPAs, a member of the Georgia Restaurant Association, Colorado Restaurant Association and a founding member of the Restaurateur Summit. Tommy is also actively involved in the Aprio Foundation and a volunteer for the Children of Conservation. Prior to his accounting career, Tommy worked in the restaurant business where he served multiple operation roles from chief dishwasher to general manager to partner. He started his accounting career representing national real estate developers in the retail sector until the financial collapse of 2008. In 2012, he was asked to bring together Aprio’s clients in the Retail, Franchise and Hospitality sectors. Tommy is an Atlanta native and currently resides in Broomfield Colorado with his wife and four children. He is a graduate of the University of Georgia where he earned a Bachelor of Science from the J.M. Tull School of Accounting.
John Santamour
CPA
John is a tax partner in Aprio’s Birmingham, Alabama office. With more than 18 years of experience, he specializes in advising clients in all aspects of federal, state and local taxation including compliance services, tax planning and accounting for income taxes. John has extensive experience with consolidated C corporations as well as S corporations, partnerships and limited liability companies. Prior to joining Aprio, John worked in a national practice at KPMG. John brings to Aprio his deep knowledge of tax provision work, tax compliance, income tax accounting and reporting requirements related to business combinations, spinoffs and divestitures, with industry focuses in manufacturing, oil and gas, and financial services. During his tenure at KPMG, John also gained extensive experience assisting clients with the preparation and review of SEC compliant financial statements, reporting of discontinued operations and pro forma reporting. John earned his Bachelor of Science degree in Accounting from the University of Alabama, and he has a Masters in Taxation from the University of Denver. His professional affiliations include:Manufacturing Services Association • American Institute of Certified Public Accountants • Alabama Society of Certified Public Accountants • Georgia Society of Certified Public Accountants
Justin Elanjian
Justin Elanjian, CPA, is the Partner-in-Charge of Aprio’s Paycheck Protection Program (PPP) & Employee Retention Credit (ERC) Services. As a national PPP expert, prominent speaker and strategic business advisor, Justin helps both lenders and borrowers navigate the complexities of the PPP. He also helps his clients realize benefits from other stimulus package programs, such as the ERC, and is committed to strengthening his clients’ balance sheets and helping them achieve what’s next. Justin leads a team of more than 50 professionals who share his passion for helping businesses maximize the federal COVID relief programs. In addition to Justin’s PPP and ERC expertise, Justin has experience in accounting and auditing of market rate and affordable real estate projects (commercial, multifamily and single family), real estate funds, debt funds, government regulated entities, non-profit organizations and educational institutions. Justin’s clients know that he is always available, no matter the time of day, whenever they have a question or problem. He always puts the client first, delivering exceptional client service and supporting his clients in achieving their goals. Justin earned his Bachelor of Business Administration in Accounting from the University of Georgia. His professional affiliations include: • American Institute of Certified Public Accountants • Georgia Society of Certified Public Accountants • Georgia Independent Schools Association • Affordable Housing Associations of Certified Public Accountants Justin is passionate about education and strongly believes in providing opportunities to our youth. He serves as the chairman of his son’s School Governance Council and serves on the Fulton County Superintendent’s Advisory Council.
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