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| Name | Employee Retention Credit Explained for New Businesses! (Webinar) |
| Video Uploader | Video From Frost Law |
| Upload Date | This Video Uploaded At 25-03-2022 15:32:14 |
| Video Discription | In this webinar, presented by Rebecca Sheppard and Peter Haukabo we go over what the employee retention credit is, and how you may qualify! Employee Retention Credit explained for new businesses! How to determine your credit w/ eligibility calculator. The ERC is a refundable tax credit for employers--introduced early in the COVID-19 pandemic to help employers keep their employees on the payroll. The Employee Retention Credit is claimed on a business's quarterly IRS payroll tax returns, based on wages paid to its employee during periods of the pandemic that the business experienced a suspension in operations or a significant decline in revenue. The Employee Retention Credit can be claimed on an amended quarterly payroll tax return up to three years from the due date of the original return. Employee Retention Credit Explained for New Businesses! (Webinar) https://askfrost.com/employee-retention-credit-erc-resource-center HOW DO I APPLY FOR ERC CREDIT? How do I apply for ERC credit? There are three steps. 1) Determine the business's eligibility. 2) Calculate the Qualified Wages paid by the business. 3) Claim the ERC on the business's amended quarterly payroll tax returns. Chapters: 0:00 - Intro 1:20 - PPP Loans, Restaurant Revitalization, and other relief programs 4:00 - ERC Guidance 4:48 - Payroll Tax Basics 5:30 - What is ERC 7:50 - Eligibility 14:47 - Eligible Law Firms 20:10 Eligibility Cont. 25:58 - Qualified Wages Eligible 29:48 - Limitations & Refunds 33:28 - Impact of Other Credits & Relief Funds 35:03 - How to Claim ERC 36:11 - Substantiation for Claiming The Credit 39:10 - Special Issues 45:32 - Tax Treatment of ERC 47:56 - Q&A 🌎Website - https://askfrost.com 💼LinkedIn - https://www.linkedin.com/company/frost-&-associates/ 📘Facebook - https://www.facebook.com/FrostTaxLaw/ 🐤Twitter - https://twitter.com/irstaxissues Frost Law is comprised of skilled tax attorneys, business attorneys, litigation attorneys, estates attorneys, Certified Public Accountants, Certified Financial Planners, and other tax professionals. We have been serving clients across the country and abroad. We have office locations on the East Coast in Maryland, Virginia, Washington, D.C., Pennsylvania, Florida and serve clients internationally. DISCLAIMER: This video is not legal, tax, or financial advice. Talk with a professional about your situation before making any legal or financial decisions. These videos also do not create attorney-client privilege. 1-VRayFdl0c |
| Category | Education |
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