Understand Employee Retention Credit Under the CARES Act

Event: Live Webinar
Event Date: August 18, 2023
Presenter: Nick Preusch CPA
Event Time: 11 AM ET
Duration:120 Minutes


Come join us for a thorough webinar that will provide businesses a thorough grasp of the Employee Retention Credit (ERC) and how to maximize it. Businesses trying to manage the intricacies of employee retention amid economic uncertainty and obstacles now have the ERC as a vital weapon in their toolbox.

Session Highlights:

  • Grasping the Fundamentals:
    • Understand the Employee Retention Credit and its evolution over time.
    • Comprehend eligibility criteria and key requirements for businesses to qualify.
    • Gain insights into the differences between ERC 2020, ERC 2021, and potential future updates.
  • Navigating the ERC Application Process:
    • Walk through the steps involved in claiming the credit.
    • Learn about appropriate documentation and record-keeping practices to support claims.
    • Discover common pitfalls and how to avoid them during the application process.
  • Maximizing Benefits and Strategic Implementation:
    • Explore effective strategies to maximize the ERC amount for your business.
    • Understand interaction with other COVID-19 relief programs and tax credits.
    • Identify opportunities for retroactive claims and amended returns.
  • Compliance and Risk Mitigation:
    • Gain insights into the latest IRS guidance and potential pitfalls to avoid.
    • Ensure compliance with ERC regulations and maintain accurate records.
    • Learn about the potential audits and how to prepare for them proactively.

Learning Objective:

  • ERC/ERTC strategies to retroactively claim the credit – it’s NOT too late!
  • How to coordinate your business’ financial management with professionals, including your banker and CPA?
  • Latest IRS guidance for small business.
  • Determine ERC eligibility
  • Understand how does employee retention credit work?
  • Calculate the amount of ERC
  • Access and apply for the ERC

Who Should Attend:

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

Speaker Profile:

Nick Preusch CPA, JD, LLM, is a tax manager with PBMares, LLP. Nick has participated in helping high wealth individual and large business entities with complex tax compliance, along with specializing in international, non-for-profit tax issues, and tax ethics issues.

Nick has also worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nick is a graduate of Carthage College with a BS in Accounting and Business, University of Connecticut with a MA in Accounting, Case Western Reserve University with a JD, and Georgetown University with an LLM in taxation. Nick has also authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure. He also co-authored a textbook, Tax Preparer Penalties, and Circular 230 Enforcement, published by Thomson Reuters. He has lectured nationally on topics such as ethics, complex tax transactions, and IRS practice and procedure.