The Consolidated Appropriations Act, 2021 (CAA) – passed in December 2020 – increases the credit amount and allows businesses to reap the benefits of both the ERC and PPP loans.
Then, the American Rescue Plan Act of 2021 – enacted in March 2021 – extends the credit from June 30, 2021, to Dec. 31, 2021. If you qualify for the ERC, the credit amounts may be large – up to $28,000/employee for 2021.
Many businesses have dismissed the ERC because it was too complex with other relief programs, or they were told they needed to be shut down by government order and have employee reductions.
View the recording below and watch as we outline who qualifies for the program, explain the interplay of ERC, PPP, and other wage-related credits, and most importantly explain how you can take advantage – getting rapid cash relief for your business under the program.
What You’ll Learn:
- Understand how the ERC works, and strategies for making it work with PPP and other programs
- What costs you can include to maximize your credits
- What documentation you’ll need
- The value of working with a specialized team, like ours, to streamline all of the requirements so you can obtain the benefits faster and easier
Limitation of Liability
After the presentation, official guidance and rules may be changed, improved, or updated without notice. Lurie, LLP is not responsible for any errors or omissions in the content of this presentation, or for damages arising from the use or performance of this presentation, under any circumstances. Contact your Lurie advisor before acting on any commentary provided in the presentation.