Hi guys, Welcome to the Advanced Video Search Engine, and you are watching ERC Update: How Self-Employed Qualify for IRS ERTC [W-2 Spouses & Employees] Form 941 Filers. That video is uploaded by JJ THE CPA at 2022-08-24T09:00:42-07:00. We are promoting this video only for entertainment and educational purpose only. So, I hope you like & enjoy it. [unIHynXPOw4]
| Name | ERC Update: How Self-Employed Qualify for IRS ERTC [W-2 Spouses & Employees] Form 941 Filers |
| Video Uploader | Video From JJ THE CPA |
| Upload Date | This Video Uploaded At 24-08-2022 16:00:42 |
| Video Discription | 2 ways the Self-Employed qualify for the ERTC Tax Credit 2021 and ERC Tax Credit 2020. First, does the self-employed qualify for IRS ERC on their SE earnings? No. But 1) employees and 2) spouses can qualify. W-2 employees of the self-employed qualify! Spouse’s W-2 wages paid by the self-employed qualify! But on the spouses there is an exception, so listen to the video. $26,000 PER EMPLOYEE Combined. Did you pay employees W-2 wages between March 13, 2020 and September 30, 2021? Are any quarterly gross receipts down 20% in 2021 compared to 2019, or 50% 2020 to 2019? Then you qualify for ERTC (IRS ERC). The Employee Retention Credit under the CARES Act provides a refundable tax credit is 70% of up to $10,000 in wages PER employee, PER quarters 1, 2 and 3 in 2021 [50% in 2022]. THIS IS A CHECK FROM THE IRS TO YOUR BUSINESS! JJ the CPA is a practicing, licensed CPA with over 30 years of tax experience, still working with clients taxes everyday! ERTC SEMINAR BY JJ THE CPA (A TO Z ON HOW TO GET THE ERTC) https://www.jjthecpa.com/ertcseminarsignup MORE FREE ERTC VIDEOS [JJ's ERTC YouTube Playlist] https://youtube.com/playlist?list=PLms23XmPwMnF3H24pvK8pfIB07dLK8fI7 LINK TO FREE ERTC EXECUTIVE SUMMARY https://www.jjthecpa.com/ertcseminarsignup IRS Notice 2021-49 https://www.irs.gov/pub/irs-drop/n-21-49.pdf IRS Notice 2021-20 https://www.irs.gov/pub/irs-drop/n-21-20.pdf The Employee Retention Credit is a refundable tax credit against certain employment taxes equal to 50% of the qualified wages an eligible employer pays to employees after March 12, 2020, and before January 1, 2021; 70% after 12/31/20 through September 30, 2021 (Exception: Recovery Start Up Business gets through 12/31/21) TAX & CPE SEMINARS BY JJ THE CPA https://www.jjthecpacpe.com/ DIRECT SIGN UP TO TAX & CPE SEMINARS https://calendly.com/jjthecpa The Employee Retention Credit is a fully refundable tax credit for employers equal to 50 percent of qualified wages (including allocable qualified health plan expenses) that Eligible Employers pay their employees in 2020; 70 percent in 2021. This Employee Retention Credit applies to qualified wages paid after March 12, 2020, and before October 1, 2021 (exception to the Recover Start Up Business which gets until December 31, 2021). For 2020, the maximum amount of qualified wages taken into account with respect to each employee for all calendar quarters is $10,000, so that the maximum credit for an Eligible Employer for qualified wages paid to any employee is $5,000. For 2021, the maximum amount of qualified wages taken into account with respect to each employee for EACH of the first three calendar quarters is $10,000, so that the maximum credit for an Eligible Employer for qualified wages paid to any employee is $7,000 per the first three quarters (with exception to the Recover Start Up Business). **JJ THE CPA'S NEWSLETTER [SIGN UP] https://www.jjthecpa.com/emailsignup The Employee Retention Credit is a refundable tax credit against certain employment taxes equal to 50% of the qualified wages an eligible employer pays to employees after March 12, 2020, and before January 1, 2021; 70% after 12/31/20 through September 30, 2021 (Exception: Recovery Start Up Business gets through 12/31/21). The Employee Retention Credit is a fully refundable tax credit for employers equal to 50 percent of qualified wages (including allocable qualified health plan expenses) that Eligible Employers pay their employees in 2020; 70 percent in 2021. This Employee Retention Credit applies to qualified wages paid after March 12, 2020, and before October 1, 2021 (exception to the Recover Start Up Business which gets until December 31, 2021). For 2020, the maximum amount of qualified wages taken into account with respect to each employee for all calendar quarters is $10,000, so that the maximum credit for an Eligible Employer for qualified wages paid to any employee is $5,000. JJ the CPA covers ERTC, ERC Tax Credit, ERTC Tax Credit, ERC 2021, ERC 2020 Tax Credit, Refundable Tax Credits, Employee Retention Tax Credit, Payroll Tax Credits, EIDL and the PPP Loan. EIDL Targeted Grant. Self-Employed PPP Loan. PPP 2. PPP Forgiveness. PPP Loan. EIDL Grant. PPP Loan Forgiveness. Stimulus Checks. Paycheck Protection Program Payroll Tax Credits. COMMENTS ARE NOT REVIEWED. PLEASE DO NOT EXPECT AN ANSWER TO YOUR QUESTIONS. PLEASE REVIEW FULL DISCLAIMER https://www.jjthecpahelp.com/youtubedisclaimer I AM A CPA, BUT I AM NOT YOUR CPA. YOU MUST CONSULT WITH YOUR OWN TAX, FINANCIAL & LEGAL ADVISER. ANY INFORMATION ON THIS CHANNEL IS INTENDED FOR INFORMATIONAL PURPOSES AND FOR GENERAL GUIDANCE ONLY AND MUST NEVER BE CONSIDERED A SUBSTITUTE FOR ADVICE PROVIDED BY YOUR ADVISERS. THIS CHANNEL DOES NO CONSTITUTE ADVICE #jjthecpa #ERTC #ERC #ERTCCREDIT2021 #PAYROLLPROCESSING #PAYROLL #STIMULUS #SMALLBUSINESS unIHynXPOw4 |
| Category | Education |
| Tags | JJ the cpa | ERTC | ERC | employee retention credit | employee retention tax credit | how to qualify for erc | irs erc | erc 2021 | ertc tax credit | erc tax credit | recover start up business | EIDL | IRS ERC | Paycheck protection program | Economic injury disaster loan | Employee retention tax credit | Build back better act | Stimulus | Ppp update | Ppp loan forgiveness | irs | tax | self employed ppp | ppp 2 | Stimulus check | eidl grant | payroll tax credits | payroll tax credit | erc credits |
