North Augusta Chamber Small Business Q&A: Employee Retention Credit

Staff Report

Monday, February 8th, 2021

Join the North Augusta Chamber of Commerce on Monday, February 8th at 9:00 am for a useful webinar, presented by Josh Baker, CPA, of SME CPAS. Josh will guide us through discussions and Q&A about the Employee Retention Credit available in the second round stimulus. 

The CARES Act created a refundable “employee retention credit” as an incentive for employers to retain their employees during the 2020 pandemic. Specifically, employers received a credit against their share of the Social Security taxes paid on “qualified wages” paid to retained workers during 2020. The Consolidated Appropriations Act (CAA) makes significant changes to the employee retention credit rules. One of the most significant changes is that PPP loan recipients who were prohibited from receiving the employee retention credit during 2020 may now retroactively claim the credit. Hear more by attending the webinar with Josh.

To join the virtual event, register at www.northaugustachamber.org or https://bit.ly/2MqHiUw