FMN Taxes

FMN Plus-2023/July, Seg 5 – Employee Retention Credit: Benefits and Pitfalls

The Employee Retention Credit (ERC) provides an eligible employer with a tax credit against certain employment taxes. David Peters is a CPA, CFP, tax practitioner and financial advisor for Peters Tax Preparation Consulting PC. He explains what a business needs to do to qualify for the ERC, offers some cautionary advice with regards to aggressive businesses promising to get a full ERC and describes the implications of PPP forgiveness on the ERC and your 941 returns.

Learning Objectives:

Upon successful completion of this segment, attendees should be able to:

  • Recognize how to qualify for the Employee Retention Credit
  • Identify the problems with businesses that are promising to obtain full amounts of the Employee Retention Credit
  • Recognize the implications of Payroll Protection Program (PPP) forgiveness and the Employee Retention Credit
  • List the things to remember when claiming the Employee Retention Credit


Prerequisites/Advanced Preparation:

Work experience in tax planning or tax compliance, or an introductory course in taxation.

Speaker / Author:

David R. Peters is a Certified Public Accountant (CPA) and Certified Financial Planner (CFP), with over fifteen years of experience in financial services. He was formerly the Chief Financial Officer of Compare.com and has been a financial advisor since 2015. He holds master's degrees in accounting, business administration, and financial services and is pursuing a Ph.D. in Financial Planning & Retirement Income at The American College. He is currently a continuing education instructor for the American Institute of Certified Public Accountants, Surgent, and Kaplan Professional, and the President and owner of David Peters Financial Group Inc, Peters Tax Preparation & Consulting PC, and Peters Financial LLC.

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Price (USD)

Standard: $69.90

Details

Course Code : FMN1510-FM

Release Date : 07/10/2023
Expire Date : 02/14/2025
Credits :
CPE 2.00
QAS 2.00
Length : 1hr 40min
Course Level : Update
Course Type : QAS Self-Study
Passing Grade : 70%
Format Type : eLearning
Mobile Compatible
Field Of Study : Taxes

Theme : Corporate Tax Series

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