IRS Clarifies Eligibility for 2020 Employee Retention Credit
Please join CTR for a free webinar where we will discuss new clarifications from the IRS regarding PPP borrowers and Employee Retention Tax Credit eligibility. Topics we will be addressing:
-Clarification on retroactive changes made to the 2020 ERC and how PPP Borrowers may claim the ERC
-Employer eligibility, what constitutes a full or partial suspension of trade or business operations and what defines a significant decline in gross receipts
We will also review the IRS clarifications on the maximum amount, qualified wages and how to substantiate the credit.