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Webinar OnDemand: Reassess Eligibility for the Employee Retention Credit

AAFCPAs’ Webinar: Reassess Eligibility for the Employee Retention Credit is now available OnDemand. This webinar was recorded live on June 28th, 2022 to provide clients with guidance on this widely misunderstood tax benefit.

Businesses & Charities across the Country are Failing to Take Advantage of the ERC!

“IRS anticipates that approximately 70%-80% of small and medium businesses (as well as tens of thousands of charities) were good candidates for taking the ERC,” according to Forbes.com. “The reality is, to date the actual numbers of businesses and charities applying for the ERC is far below that. Small and medium businesses (as well as tax-exempts/charities) are leaving billions of dollars on the table.”

AAFCPAs’ Covid-19 Task Force leaders presented a live Webinar on June 28th to provide guidance on this widely misunderstood tax benefit. We are finding that many business owners and leaders are unaware of their eligibility or making assumptions on outdated information. Our Task Force urges clients to watch this 1-hour Webinar OnDemand to reevaluate their eligibility for this credit, which could mean up to $7,000 per employee per calendar quarter, or a total of $26,000 per employee.

Watch Webinar OnDemand

About the Authors

Courtney McFarland
Courtney McFarland, CPA, MSA, 340B ACE
Courtney is an audit partner in the firm’s Healthcare Practice with over 15 years of assurance experience and a comprehensive understanding of the nuances of the healthcare industry. She delivers a full range of solutions solving the challenges that AAFCPAs’ healthcare clients face, including: audits in accordance with Uniform Guidance/Single Audit and Government Auditing Standards, 340B pharmacy program requirements, best practices for reconciliation & analysis of statistical and programmatic data, tracking and monitoring risk-based contracts, maximizing reimbursements, and guidance on healthcare reform. Courtney is a member of AAFCPAs’ Revenue Recognition Task Force, dedicated to helping the firm and clients understand best practices for an efficient and effective implementation of the robust new framework.
Nichole Reilly, CPA, MBA
Nichole Reilly, CPA, MBA
Nichole is responsible for planning and executing financial statement audits for sophisticated nonprofit organizations.  She has extensive experience serving community health centers, charter schools, community development corporations and their affordable housing development projects with HUD and MHFA requirements. She has been serving AAFCPAs’ clients since 2010. Nichole delivers a full range of solutions solving the challenges that AAF’s clients face, including: audits in accordance with the Uniform Guidance/Single Audit and Government Auditing Standards, as well as the Massachusetts Uniform Financial Report (UFR). She has extensive experience providing assurance solutions, and leading high-energy teams to consistently deliver a positive, non-intrusive client experience.