PPP and Employee Retention Credit: How to Effectively Utilize Both Federal Stimulus Programs for Your Organization
Webinar Recorded January 28, 2021
NOTE: Because of the nature of COVID-19 and changes to the legislature, please note that details and information may have changed since the time of this recording. Please reach out to us to discuss your organization’s unique challenges so that we can provide you with up-to-date information and help you find the solutions.
The COVID Tax Relief Act (COVIDTRA) that was passed late December made drastic changes to the Paycheck Protection Program (PPP) and the Employee Retention Credit (ERC) for both 2020 and 2021. In this webinar, advisors at Abdo, Eick & Meyers (AEM) discussed the options employers have and strategies to consider when deciding which route is best for your organization.
Other topics that were discussed include:
- Employee retention credit eligibility and claim process;
- FFCRA credit extension;
- Second round of PPP applications and who can apply; and
- PPP loan forgiveness.
The COVIDTRA legislation is good news for many employers but there are several critical planning considerations in order to avoid missing out on significant funding. See below for additional resources and reach out to an AEM advisor with questions.
Looking for more COVID-19 related resources? Visit our COVID-19 Resource Center for all of our updates regarding COVID legislation, employer resources, and more.
Thank you to Greater Mankato Growth for their partnership in this webinar and all of the work they do for the Mankato community!
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