The chamber’s CPA Michelle Kirkland of CRI – Carr, Riggs & Ingram will present a FREE hybrid seminar to all local businesses on Tuesday, April 27th at 11:00 am at the Clovis/Curry County Chamber of Commerce, 105 E, Grand Ave. and also on ZOOM. This seminar will discuss COVID relief efforts, what’s new and what’s important.
Topics to include:
- How does PPP connect with employee retention credit
- Existing large relief packages
- Highlight the important grants/ programs
The Employee Retention Tax Credit (ERTC) represents, for many, the single largest small business stimulus in US history behind PPP loans. However, because PPP loans understandably got all the attention in 2020 and early 2021 with PPP 2nd-draw, many businesses do not understand how the tax credits work, how much stimulus is available, and how to get it.
The Employee Retention Tax Credit (ERTC) was introduced as part of the CARES Act and included tax credits for businesses to retain employees during the pandemic. The ERTC is a refundable tax credit that can be claimed when eligible employers report their total qualified wages for purposes of the ERTC for each calendar quarter on their federal employment tax returns.
Due to new legislation, employers can now RETROACTIVELY obtain both a PPP loan AND claim the ERTC. Please attend this important seminar to learn more about ERTC, existing large relief packages and other important grants and programs.