Tax Credit Spotlight: Employee Retention Credit and Work Opportunity Tax Credit

Under the CARES Act, lawmakers enacted the Employee Retention Credit (“ERC”) to assist employers impacted by COVID-19. The ERC encourages businesses to keep employees on their payrolls. The Work Opportunity Tax Credit (“WOTC”) is a federal incentive program that can reduce an employer’s costs by hiring individuals from specific target groups who face barriers to employment. Both federal tax credits may be beneficial to businesses that are looking to conserve cash and recover company assets.

Join our tax experts Sara Goldhardt, Director, State and Local Tax Services, and Lorani Orobitg, Tax Manager, as they discuss both the ERC and WOTC matters, including:

• Tax credit eligibility
• Calculating the credits
• Timing considerations
• Recent updates

This webinar qualifies for 1.0 hour of CPE based on Ohio CPE requirements.

Please note our webinar sessions can accommodate a maximum of 500 individuals. Should you experience difficulties accessing the live broadcast, it is likely due to reaching attendee capacity. For your convenience, a recording will be made available on our webinar recording webpage following the presentation.