Employee Retention Tax Credit Overview

by | Feb 10, 2021 | COVID-19, PKF Texas - The Entrepreneur's Playbook®, Tax and Accounting Desk

The Consolidated Appropriations Act signed at the end of 2020 changed the eligibility and increased the amount of credit for the Employee Retention Tax Credit (ERTC). Do you have questions about what to consider in your approach to Paycheck Protection Program (PPP) forgiveness?

In our continued efforts to provide helpful information for clients and friends of the firm, we have a special edition of the PKF Texas – The Entrepreneur’s Playbook®, where Director, Danielle Supkis Cheek, CPA, CFE, CVA, provides a high-level overview and walks you through what to know with the ERTC. If you know of someone who might benefit from this information, please feel free to share with them, as well as your colleagues and peers.

This video will provide:

  • Calculation Mechanics – 2020 vs. 2021
  • “Tricky” parts to be aware of
  • Planning considerations related to PPP
  • When Employee Retention Tax Credit forms are due

To learn how this may impact you, please reach out to the PKF Texas accountants and advisors who can co-develop a solution which makes most sense for your business.

Byron Hebert, CPA, CTP
Practice Leader/Director, EAS
(713) 860-1455

Sam Razmandi, CPA
Director, EAS
(713) 860-5442

Matt Goldston, CPA, CVA, CM&AA
Director, EAS
(713) 860-5439

Danielle Supkis Cheek, CPA, CFE, CVA
Director, EAS
(713) 860-5422

For the full video transcript, visit our website.

Additionally, we are keeping PKFTexas.com/COVID-19 up-to-date with information and resources to assist you as we all navigate these quickly-changing times.

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