FAQs – Employee Retention Credit (ERTC)

February 5, 2021By KROST CPAs

The Employee Retention Credit (ERTC) was created as part of the CARES Act to encourage businesses to continue paying employees by providing a credit to the eligible employer for wages paid to eligible employees. The ERC could be a valuable alternative for those who did not qualify for PPP and other emergency loans. We have … Read More

[Webinar] Employee Retention Credits: Qualifications, Benefits & Refunds

February 4, 2021By KROST CPAs

Join Jason Melillo, CPA (Principal – Accounting, ERTC) and Jeff Kamin, CPA (Manager, Accounting, ERTC) as they host a webinar on Employee Retention Tax Credits (ERTC) on Wednesday, February 10th at 9:30AM PST. In this session, they will review the details of the recently passed Taxpayer Certainty and Disaster Tax Relief Act of 2020, including: … Read More

[Second Session] PPP Second Draw Loan Program & the Revised Employee Retention Credit – Eligibility and Process Webinar

January 26, 2021By KROST CPAs

Paren Knadjian (Practice Leader, M&A, and Capital Markets), Stacey Korman, CPA (Principal), Sossi Bekarian, CPA (Senior Manager), and Jeff Kamin, CPA (Manager, Accounting, ERTC) hosted a second session on the PPP Second Draw Program & Employee Retention Credits webinar. They reviewed the details of the recently passed Coronavirus Response & Relief Supplemental Appropriations Act including: … Read More

2020 vs. 2021 Employee Retention Credit Comparison Chart

January 19, 2021By KROST CPAs

Old Law New Law Eligible Employers 2020 2021 Eligible employers can receive a refundable payroll tax credit of 50% of wages paid to employees between March 13th, 2020 and December 31st, 2020. No Change Eligible employers can receive a refundable payroll tax credit up to 70% of qualifying wages paid between January 1, 2021 and … Read More

Employee Retention Credit Provides Benefits for Manufacturing Employers

December 16, 2020By KROST CPAs

This is a preview of one of the articles in the new KROST Quarterly Manufacturing Issue, titled “Employee Retention Credit (ERC) Provides Benefits for Manufacturing Employers ” by Jim Estrella, CPA, MSA. For manufacturers who experienced a suspension in operations or decline in business compared to 2019 due to the COVID-19 crisis, the Employee Retention … Read More