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Everything We Know About the Employee Retention Credit

EVERYTHING WE KNOW ABOUT THE EMPLOYEE RETENTION CREDIT

Cost Free
Presentation Length 1.0 hour

Recorded DateNovember 22, 2022
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

In this webinar, Peter Haukebo, Esq. and Rebecca Sheppard, Esq., Directors at Frost Law, will break-down the Employee Retention Credit ("ERC") into 3 easy to digest parts.

First, they will cover who are the eligible employers, addressing the 3 methods of qualification for the credit: A significant decline in gross receipts; a full or partial suspension due to a governmental order limiting commerce, travel, or group meetings; and an employer's status as a recovery startup business.

Next, they will discuss what counts as a qualified wage for the purpose of computing the ERC, addressing issues such as the interaction with the Paycheck Protection Program ("PPP") and other pandemic-era programs and special issues with full-time employee counts.

Finally, they address the "catch." It all sounds so good to be true, so there must be some special issues to work through, right?

Rebecca and Peter will address the more complex issues associated with the ERC such as controlled groups, dealing with owner-employees, the assessment and refund statutes of limitations, and other issues that tax professionals need to consider as they evaluate their client's eligibility for the ERC.

Learning Objectives:


  • List the criteria for eligible employers for the ERC

  • Identify what counts as a qualified wage for the purpose of computing the ERC

  • Give examples of special issues surrounding the ERC

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
Gassman crotty den

Brandon Ketron is an associate at the law firm of Gassman, Crotty, and Denicola, P.A. and practices in the areas of Estate Planning, Tax, and Corporate and Business Law. Brandon graduated from the University of Florida in May of 2016, where he received his LLM in Taxation. He received his JD from Stetson University College of Law and graduated cum laude. Brandon received his undergraduate degree from Roanoke College, where he graduated cum laude with a Business Administration degree and concentrations in accounting and finance. Brandon is licensed to practice law in Florida and is a licensed CPA in Florida and Virginia.
 

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Peter Haukebo, Esq.

Frost Law
Director, Tax Controversy Practice Group
peter.haukebo@frosttaxlaw.com
(410) 497-5947

Frostlaw logo

Mr. Haukebo joined Frost Law in 2018 as a highly accomplished tax attorney with a sophisticated blend of private practice experience and legal scholarship. Undoubtedly, his years of teaching in the Low Income Taxpayer Clinic at the University of Maryland Francis King Carey School of Law, in conjunction with his experience operating his own law firm, have significantly helped grow Frost Law’s thriving tax practice.

Besides serving as a Director in the Tax Controversy practice group at Frost Law, Mr. Haukebo chairs Frost Law’s Legal Innovation committee–dedicated to ensuring that Frost Law attorneys remain relevant in this emerging landscape where law is more science than art. Under his leadership, Frost Law is poised to adopt and adapt legal technology and incorporate the latest organizational developments. Outside of the firm, Mr. Haukebo serves on the Board of Directors of the CASH Campaign of Maryland, as Vice Chair of the MSBA's Taxation Section Council, and is the incoming Chair of the Taxation Section Council, effective June 2023. While at Frost Law, Mr. Haukebo has been the proud recipient of distinguished awards, including Super Lawyers Rising Star (2019-2023) and Best Lawyers Ones to Watch (2021-2023).

Linkedin

Rebecca Sheppard, Esq.

Frost Law
Director, Tax Controversy Practice Group
rebecca.sheppard@askfrost.com
(410) 497-5947

Frostlaw logo

When Ms. Sheppard joined Frost Law in 2016, she brought a unique perspective and particularly effective skill set acquired during her position as a Tax Attorney with the Comptroller of Maryland. Even in her early days at Frost Law, Ms. Sheppard was able to leverage these valuable attributes— understanding better than others at the firm exactly how the Comptroller would approach matters— to achieve better client results and enhance the overall firm reputation.

For the last two years, Ms. Sheppard has served as a Director in Frost Law’s Tax Controversy Practice Group, where she has been responsible for working on a wide range of tax matters, including, but not limited to, individual income and corporate income tax, sales and use tax, tax relief and collection issues, appeals, and state and local tax matters.

Additionally, Ms. Sheppard co-created Frost Law’s award-winning Pro Bono Program and continues to serve as the program’s manager—inspiring other attorneys to offer their time and skills to those in the community who need free legal services. While at Frost Law, Ms. Sheppard has been the proud recipient of distinguished awards, including the Ronald J Schiff award for pro bono work, Super Lawyers Rising Star of 2020-2021, and Best Lawyers ‘Ones to Watch’ for 2021-2023.

About Our Presenter

Gassman crotty den

Our firm was formed in 1987 with one lawyer and a shared secretary and receptionist to provide representation to professionals, business owners and retirees in their estate and related tax and personal planning, business and corporate needs.

Since then we have grown to 6 lawyers and over 20 staff, which we have found over the past two decades to be the best size for us. We are very proud of our team, our systems, and our dedication to providing the best and most appropriate legal services for all clients, whether big or small. Our lawyers meet together almost every morning to discuss and work together on cases, strategies and practice improvement projects in order to work the most efficiently and effectively for our clients. We like what we do and enjoy working together.