Join us for our inaugural OneEastside SPARK Webinar to learn more about two important tax credit programs and the new complimentary one-on-one tax advising services now available to East King County small business and non-profits.
• The Employee Retention Credit (ERC) encourages businesses to keep employees on their payroll. As a result of the new legislation, eligible employers can now claim a refundable tax credit against the employer share of Social Security tax equal to 70% of the qualified wages they pay to employees after December 31, 2020, through June 30, 2021. Qualified wages are limited to $10,000 per employee per calendar quarter in 2021. Small employers may request advance payment of the credit (subject to certain limits).
• In its race to get Americans vaccinated against COVID-19, the Biden administration recently announced a tax credit for businesses that give employees time off to get vaccinated. Speakers will review issues of eligibility and how companies and on-profits can apply for the credit.
Q and A will be covered as time allows - feel free to submit your questions in advance when registering. If you are unable to attend the live webinar, please register to receive an email link to the recording.