ENG22SS07. Giving You Tax Credit Where Credit is Due, presented by ADP
To submit a question or participate in polling, click the link above. Pursuing tax credits like the Employee Retention Tax Credit (ERTC) created by the CARES Act can be complex and takes significant effort to maximize the result. Few small businesses have the time, tools or expertise to identify where they were impacted, determine what the impact was and understand how to calculate the benefit in the face of shifting requirements. Additionally, the Research & Development (R&D) Tax Credits are some of the least claimed and understood tax credits available to small business. There are synergies and challenges to understanding and using both credits during the same tax period.
Learning Objectives:
- Identify best fit opportunities for your clients
- Recall the new IRS Guidance & Legislative Update
- Distinguish the expenses associated with both credits
- Recognize the complexities of taking both credits together
- Analyze an overview of the R&D Tax Credit and ERTC
Date/Time
–
CPE Credits
1.0
NASBA Field of Study
Taxes
Level
Basic
Advanced Preparation
None
