Two officials from the U.S. Department of Treasury join us Tuesday, April 27, at 3 p.m. ET, to discuss updates to the Employee Retention Tax Credit. Thomas West, Deputy Assistant Secretary for Domestic Business Tax, and Helen Morrison, Deputy Benefits Tax Counsel, both serve in the Office of Tax Policy. These policy leaders will illustrate the administration’s commitment to small businesses relief and how the ERTC can now be used throughout 2021.
The American Rescue Plan Act (ARPA) recently extended the ERTC, potentially worth thousands per employee, beyond its scheduled expiration date of June 30, 2021. As a result, eligible employers will be able to claim the credit with respect to qualified wages paid through December 31, 2021. The ARPA adds the ERTC to new section 3134 of the Internal Revenue Code and makes certain changes to the credit that was previously modified as part of the Consolidated Appropriations Act, 2021. This webinar discussion will provide a brief overview of the contours of the existing credit plus additional information regarding how the credit was changed by the ARPA.