Watch Now: Reassess Eligibility for the Employee Retention Credit

Posted on July 7, 2022December 18, 2023

AAFCPAs’ Webinar: Reassess Eligibility for the Employee Retention Credit is now available OnDemand. This webinar was recorded live on June 28th, 2022 to provide clients with guidance on this widely misunderstood tax benefit.

Businesses & Charities across the Country are Failing to Take Advantage of the ERC!

“IRS anticipates that approximately 70%-80% of small and medium businesses (as well as tens of thousands of charities) were good candidates for taking the ERC,” according to Forbes.com. “The reality is, to date the actual numbers of businesses and charities applying for the ERC is far below that. Small and medium businesses (as well as tax-exempts/charities) are leaving billions of dollars on the table.”

AAFCPAs’ Covid-19 Task Force leaders presented a live Webinar on June 28th to provide guidance on this widely misunderstood tax benefit. We are finding that many business owners and leaders are unaware of their eligibility or making assumptions on outdated information. Our Task Force urges clients to watch this 1-hour Webinar OnDemand to reevaluate their eligibility for this credit, which could mean up to $7,000 per employee per calendar quarter, or a total of $26,000 per employee.

Watch Webinar OnDemand

About the Authors

Courtney McFarland, CPA, MSA, 340B ACE

Courtney is an audit & consulting partner in the firm’s Healthcare Practice with extensive experience advising the nation's healthcare safety net community, including Federally Qualified Heath Centers (FQHCs), clinics, and behavioral health providers. She delivers a full range of solutions solving the challenges that AAFCPAs’ healthcare clients face, including: audits in accordance with Uniform Guidance/Single Audit and Government Auditing Standards, 340B pharmacy program requirements, best practices for reconciliation & analysis of statistical and programmatic data, …

Nichole A. Reilly, CPA, MBA

Nichole is a leader in AAFCPAs’ Education Practice, where she specializes in advising charter schools, private schools, and other education-related nonprofits. She fully understands the nuances of the education industry and its business and operational challenges, including funding opportunities and regulatory issues. Nichole also possesses deep expertise in advising arts and cultural organizations, offering specialized guidance that enhances their financial resilience and strategic planning. Nichole’s active involvement with the MA Charter Public School Association showcases her …

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