Employee Retention Credit (ERC) – Small Business Updates from Treasury

Free Webinar

Wednesday, August 25, 2021, 12:00pm EST

Employee Retention Credit (ERC) – Small Business Updates from Treasury

Join officials from the U.S. Department of the Treasury, along with NFIB experts Beth Milito and Holly Wade, for a webinar on Wednesday, August 25, from 12 to 1 p.m. EDT to discuss the ERC, a refundable tax credit worth up to $33,000 per employee. During the webinar, participants will learn how the credit works, eligibility requirements for 2020 and 2021, how businesses can claim the credit, the amount of the credit, and the timeline for receiving the credit. Participants are invited to submit EIDL, PPP, and ERC questions during our live Q&A session!

About the 2020 ERC
The ERC is a tax credit against certain payroll taxes for wages paid between March 12, 2020 and Dec. 31, 2020. The tax credit is 50 percent of the wages paid up to $10,000 per employee. If the amount of the tax credit for an employer is more than the amount of the employer’s share of social security tax owed, the excess is refunded directly to the employer.

About the 2021 ERC
In addition to claiming tax credits for 2020, small businesses should consider their eligibility for the ERC in 2021. The ERC is now available for all four quarters of 2021, up to $7,000 per quarter. The level of qualifying business disruption has been reduced so that a 20% decline in gross receipts during a single quarter will make a business eligible, for a maximum yearly benefit of $28,000 per employee.Can’t make this Webinar? Don’t worry! Register Now and we’ll email you an on-demand version!

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Speakers

Elizabeth Milito

Executive Director, Small Business Legal Center

Beth Milito is the Executive Director of NFIB’s Small Business Legal Cent…

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