A Complete ERC Tax Credit Guide: Don’t Make the Mistake of Filing Your Employee Retention Credit 2024 Incorrectly


January 30, 2024


Nick Preusch

  1:00 PM ET | 12:00 PM CT | 10:00 AM PT | 90 Minutes

* Not able to attend the live session? We can arrange an on-demand session for You. Please call 1-‪814-892-0304


Get latest update about ERC Tax credit. A comprehensive discussion on the why, what, and how of employee retention credit and how to claim it in 2024.

The IRS has announced its long-awaited "Voluntary Disclosure Program" for taxpayers wanting to return employer retention credits. The program allows taxpayers who feel they taken the credits erroneously to repay 80% of the credit without interest or penalties. The program runs through March 22, 2024.

The employee retention credit (ERC) was designed to help businesses that paid employees during the Covid-19 pandemic and suffered significant loss of revenue of full or partial suspension due to Government Order. Unfortunately, third party ERC companies have convinced businesses to file unqualified claims.

With the deadlines for being able to apply for the Employee Retention Credit (ERC) quickly approaching, we are here to guide you through the application and auditing process. Our latest ERC webinar series delves into the intricate details of ERC for 2024.

Learning Objectives:

  • How did the employee retention tax credit or erc originate?
  • What is the employee retention tax credit?
  • Is ERC still an active employee retention credit tax program?
  • How does employee retention credit work?
  • Who qualifies for the employee retention credit?
  • What are qualified wages for the employee retention credit?
  • What is the deadline for employee retention credit?
  • Is the employee retention credit taxable income?
  • Can employers claim employee retention credit and PPP?
  • What can employers spend the employee retention credit on?
  • How much is the ERC credit in 2024?
  • What changed in employee retention credit after coming under the CARES act?
  • Information you need before filing your employee retention credit in 2024

Session Highlights:

  • Why is it important to apply for the employee retention tax credit and can you still apply for it?
  • How will taxpayers be impacted by the IRS’ announcement?
  • What’s New: IRS Chief Council Memorandum, FAQs, and Enforcement
  • Ways to Qualify
  • What size of employer qualifies
  • How to calculate the credit
  • How to claim the credit (Form 941-X)
  • Paperwork -- what is the audit period?
  • Scenario Analysis
  • More on Shutdowns
  • Gross Receipts Test
  • PPP Loans, FFCRA Wages
  • Tax Deductions
  • Retroactive Claims
  • Ethics Discussion

Who Should Attend?

  • CPA
  • Enrolled Agents (EAs)
  • Tax Professionals
  • Attorneys
  • Other Tax Preparers
  • Finance professionals
  • Financial planners

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