Webinar: Understanding Eligibility for the Employee Retention Credit

March 5, 2021

The Employee Retention Credit (ERC), a payroll tax credit that can be worth up to $19,000 per employee, was significantly enhanced with the enactment of the Consolidated Appropriations Act, 2021. The first step in evaluating this lucrative opportunity is understanding eligibility. Watch the webinar to learn more about ERC and get your questions answered.

During the webinar we will cover:

  • An overview of the ERC
  • The criteria for eligibility of the ERC
  • The definition of full and partial shutdowns
  • Illustrative examples by industry

Aprio ERC expert panelists include:

  • Justin Elanjian, Partner-in-Charge, PPP & ERC Services
  • John Santamour, ERC Team Leader
  • Craig Fisher, ERC Team Leader

Let Aprio Help

At Aprio, we are here to help. Our dedicated PPP and ERC teams are well-versed in the nuances of the new rules and can help you maximize the ERC for the best-possible, long-term benefit to your business.

If you would like to discuss your ERC eligibility and how we may be able to help you, contact us today.

Disclaimer for services provided relative to SBA programs and the CARES Act

Aprio’s goal is to provide the most up to date information, along with our insights and current understanding of these programs and regulations to help you navigate your business response to COVID-19.

The rules regarding SBA programs are constantly being refined and clarified by the SBA and other agencies In certain instances, the guidance being provided by the agencies and/or the financial institutions is in direct conflict with other competing guidance, regulations and/or existing laws.

Due to the evolving nature of the situation and the lack of final published rules, Aprio cannot guarantee that additional changes or updates won’t be needed or forthcoming and the original advice given by Aprio may be affected by the evolving nature of the situation.

You need to evaluate and draw your own conclusions and determine your Company’s best approach relative to participation within these programs based on your Company’s specific circumstances, cash flow forecast and business strategy.

In situations where resources are provided by third parties, those services should be covered under a separate agreement directly with that service provider. Aprio is not responsible for the actions of any other third party.

Aprio encourages you to contact your legal counsel to address the legal implications of the impact of the CARES Act and specifically your participation in any of the SBA programs.

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About the Author

Justin Elanjian

Justin Elanjian, CPA, is the Partner-in-Charge of Aprio’s Paycheck Protection Program (PPP) & Employee Retention Credit (ERC) Services. As a national PPP expert, prominent speaker and strategic business advisor, Justin helps both lenders and borrowers navigate the complexities of the PPP. He also helps his clients realize benefits from other stimulus package programs, such as the ERC, and is committed to strengthening his clients’ balance sheets and helping them achieve what’s next. Justin also leads a team of more than 50 professionals who share his passion for helping businesses maximize the federal COVID relief programs.