PPP & ERC – What You Need to Know Now

Description

The Internal Revenue Service (IRS) recently released additional guidance on the Employee Retention Credit (ERC), including rules covering the interaction of the ERC with the Paycheck Protection Program (PPP) for 2020. The government has also issued guidance creating additional PPP benefits for sole proprietors. Join us to learn more about this new guidance. Learning Objectives: Outline changes to PPP Discuss the interplay between the PPP and other provisions, including the ERC Discuss changes and clarifications provided in the ERC guidance and the impact on claiming the credit Presenters: Adam Sweet, JD, LLM, Principal | Eide Bailly Adam is part of Eide Bailly’s PPP working group and has frequently presented on the PPP. He has extensive knowledge in the area of partnership tax, including interpreting partnership agreements, allocation and distribution provisions, and issuing profits interests. He is also experienced with both the buying and selling sides of domestic and foreign joint ventures, as well as a variety of IRS controversy matters, including IRS exams and appeals hearings. Joe Stoddard, CPA, Partner | Eide Bailly Joe has 19 years of tax consulting experience providing services to a variety of industries. He helps clients benefit from federal tax credits and incentives and regularly works with the IRS to support tax incentives claims. He is a sought-after tax incentives resource, having written numerous articles and facilitated many presentations on tax incentives topics. Jim Donovan, CPA, Partner | Eide Bailly Jim has 20 years of tax consulting experience focused on tax credits and incentives for a variety of industries. He helps clients benefit from the employee retention credit as well as other federal and state tax incentives for activities many businesses simply consider a necessity to remain competitive in today's marketplace. He also aids with IRS and state taxing authorities to support credit claims and has written articles on tax incentives. CPE Information CPE Credit: 1 Field of Study: Taxes Level of Knowledge: Update Delivery Method: Group-Internet Based Additional Information: This is a Group-Internet Based Webinar. No prerequisites or advanced preparation required. For information regarding refund, complaint and program cancellation policies, please contact Amy DeGeorge.