What AED Members Need to Know About NEW COVID Relief Incentives-Webinar Recording

Video Transcription

Video Summary

In this webinar, Missy Waits from Alliant Group discusses the Employee Retention Credit (ERC), a new incentive introduced under the CARES Act. The ERC is designed to incentivize businesses to retain employees during the pandemic, even if they were able to pivot their operations and remain profitable. It is a wage-based incentive that offsets payroll tax and is also a refundable tax credit. Waits addresses some common myths about the ERC, such as businesses thinking they are ineligible if they were not shut down or if they have already claimed PPP. She highlights the complexity of claiming the credit and encourages businesses to have a conversation with Alliant Group to assess their eligibility.

Keywords

webinar

Employee Retention Credit

CARES Act

incentive

Alliant Group