The employee retention credit (ERC) can be a rewarding incentive for employers who continue paying employees while their businesses and not-for-profit organizations are disrupted by mandates or diminished by lost revenues. Martin Karamon, the leader of the Firm’s ERC team and Robby Burgen, a manager in the Firm’s Credits and Incentives practice answer practical questions about the ERC. Brooks and Sarah ask questions raised by attendees from a recent webinar as well as questions we hear most often from our clients. The team will highlight the best ways for employers to monetize the credit and share experiences working with companies, payroll providers, and the IRS.

The conversation includes:

  •    1:38     Overview of the Employee Retention Credit
  •    7:07     Monetizing the credit
  •    12:29   Qualifying for ERC:  gross receipts test
  •    17:14   Qualifying for ERC:  government mandates
  •    21:49   Working with employers and payroll providers
  •    28:52   Coordinating with PPP Loan forgiveness

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Brooks E. Nelson

Tax Services

Partner, Cherry Bekaert Advisory LLC

Sarah McGregor

Tax Services

Director, Cherry Bekaert Advisory LLC

Martin Karamon

Tax Credits & Incentives Advisory Leader

Partner, Cherry Bekaert Advisory LLC

Past Episodes

Podcast

November 19, 2024

18:36

Speakers: Lynnette Leidwinger, Brendan Halloran

Explore key subcontracting insights, including compliance reviews, teaming arrangements, and hiring tips for government contractors.

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November 14, 2024

22:36

Speakers: Michael G. Cippel, Irwin Kaplan

Discover year-end planning essentials for government contractors, including contractor waterfall insights, cash forecasting & monthly performance tracking.

Podcast

November 11, 2024

20:43

Speakers: Sarah McGregor, Brooks E. Nelson, Mark Giallonardo

Learn how to claim disaster losses and defer casualty gains under IRS rules. Explore relief measures for individuals and businesses affected by disasters.