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 We are finding that many business owners and leaders are unaware of their eligibility or making assumptions on outdated information.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.