COVID-19 Payroll Provisions and Updates: ERC, ARPA, Tax Credits Under FFCRA and Changes to Form 941

The webinar includes the Employee Retention Credit (ERC), the tax credit available for leave paid under the Families First Coronavirus Response Act (FFCRA), changes to Form 941, optional payroll tax deferrals, and the interaction between the ERC and Paycheck Protection Program (PPP) loans. In particular, we will do a deep dive into the ERC!

Collaborate with a taxation expert to learn about tax credits, and what changes Form 941 (Quarter 2) brings.

Areas Covered:-

• Employee Retention Credit deep dive
• Interaction between ERC and PPP
• FFCRA
• COBRA subsidies/tax credit
• Changes to Form 941 and how to report
• Using Form 941-X to make retroactive credit claims
• Form I-9: temporary COVID-19 procedures
• Form W-2 reporting of optional payroll tax deferrals
• Other relief programs (restaurant revitalization fund, shuttered venues operators grants, economic injury disaster loans)
• How these relief programs interact with other relief provisions

Why Should You Attend?

Since March last year, 4 pieces of legislation have passed from Congress about COVID-19: FFCRA, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Taxpayer Certainty, and Disaster Relief Act, and the American Rescue Plan Act (ARPA). Each of these laws either created new relief programs or changed existing relief programs. Many of these relief programs for businesses run through payroll. In this webinar, we will cover all of these business-related/payroll provisions and recent updates.

Who Will Benefit?

• Office managers
• Payroll professionals
• Accountants
• CFOs
• Business owners