American Dental Associaion: Additional Employee Retention Credit (ERC) Eligibility: What Your Practice and Accountant May Not Have Considered
Dental practices that were impacted by a government order during the COVID-19 pandemic (e.g., capacity restrictions, bans on elective procedures, elimination of same-day services) or experienced a significant decline in gross receipts between March 13, 2020 and September 30, 2021 may be eligible for a tax credit, the Employee Retention Credit, up to $26,000 per employee. Authorized by the CARES Act and administered by the Internal Revenue Service, ERC allows eligible businesses to claim the credit on an original or adjusted employment tax return during the specified time periods.
Strategic Tax Planning, a trusted source in ERC, is hosting this free webinar to guide dentists through eligibility, how to file for ERC, and other important considerations for dental practice impacted by shutdowns, capacity limits, elimination of same-day service, increased sanitation requirements, and more.
What You Will Learn
- Overview of how ERC affects dental practices
- Key considerations related to eligibility for ERC
- Qualifications you and your CPA might not be aware of
- How to claim the ERC
- Filing and adjusted return considerations