Special Webinar: How Your Business May Qualify for the Employee Retention Tax Credit
Jane Saxon, CPA and Partner
Somerset CPAs & Advisors
Tuesday, June 14
2 to 3 p.m. Eastern
While many RV dealerships and other businesses have already taken advantage of the opportunities available to them under the Coronavirus A and subsequent COVID-19 relief legislation, there are still financial benefits available through the
Employee Retention Tax Credit (ERTC).
Join Jane Saxon, a CPA and Principal who leads RVDA Associate Member Somerset CPAs & Advisors’ National Dealership Team, for this
free webinar that will outline steps dealership can take to determine if they are eligible for tax credits under this federal program. The benefits can be substantial for businesses that qualify. Eligible employers could receive a maximum of $26K per employee if they meet the qualifications for all quarters.
Businesses may be eligible for the ERTC, a refundable payroll tax credit available in 2020 and 2021. The credit is for employers whose operations were fully or partially suspended because of a COVID-19 related government order and had certain revenue losses compared to 2019. The ERTC rules were expanded from 2020 to 2021, so employers that might not have benefited under the original 2020 rules could be eligible in 2021. Employers that have not claimed the ERTC but are eligible to do so can file amended payroll tax returns. The deadline to file amended returns is April 15, 2024 for the 2020 ERTC and April 15, 2025 for the 2021 ERTC.