March 25, 2021
1:00 pm - 2:00 pm
The Employee Retention Credit under the CARES Act encourages businesses to keep employees on their payroll. The refundable tax credit is 50 percent of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.
Join Andrew Klemens and Ryan Peterson of BKD as they share insight on the Employee Retention Credit (ERC) and what it means for employers. They will examine the extension and expansion of the ERC, compare its differences between 2020 and 2021, and review the criteria required to qualify for the credit.
Upon completion of this program, participants will be able to:
- Explain the recent ERC extension and expansion
- Define how the ERC differed between 2020 and 2021
- Discuss the criteria an organization must meet for ERC qualification
Who should Attend:
CEOs, General Managers, Accounting Professionals and other leaders responsible for tax preparation.
About the presenters:
Andrew Klemens provides consulting and tax preparation services for closely held corporations, partnerships and LLCs in a variety of industries, including manufacturing, distribution, food, graphic arts, health care and professional services. He consults on business entity selection and planning, corporate and LLC reorganizations and sale analyses involving sophisticated transactions and structures. His experience also includes income tax provision (ASC 740 and FIN 48) preparation and assisting corporation public filing requirements with quarterly tax reporting, multistate taxation, individual tax planning, employee benefits and representation before various taxing authorities, including the IRS, Illinois Department of Revenue and Illinois Department of Employment Security.
He has authored various articles for publications on new developments in changing tax laws and tax incentives, including the repair regulations and the use of interest charge domestic international sales corporations (IC-DISC). He is a frequent presenter on various advanced topics of flow-through taxation, with topics ranging from partnership allocations to fringe benefit planning for S corporations and partnerships. In addition, he is an annual participant in the tax assistance program serving low-income taxpayers in the Chicago metropolitan area.
Andrew is a member of the American Institute of CPAs (AICPA) and volunteers to write CPA exam questions for AICPA. He also is a member of the Illinois CPA Society Flow-Through Entities Committee.
Ryan Peterson is a director in BKD’s Chicago practice and provides outsourced accounting, consulting and advisory services for closely held organizations and their shareholders. His other areas of expertise include traditional accounting, payroll and sales taxation, financial statement preparation and small business accounting software package assistance. Ryan serves numerous clients in the healthcare, manufacturing, professional services and not-for-profit industries.
Ryan is a member of the American Institute of CPAs and Illinois CPA Society. Ryan is certified with Intuit as a QuickBooks ProAdvisor and also is a Certified Intacct Services Provider.
Proudly Presented by:
Thursday, March 25, 2021
2:00 p.m. – 3:00 p.m. Eastern
1:00 p.m. – 2:00 p.m. Central
FREE to GLGA Members
$39.00 for Not Yet-Members
A confirmation email with the connection information will be sent to you a few days before the webinar.
Venue: At Your Desk