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COVID-19 Payroll Tax Benefits: Are You Getting All You Deserve?

COVID-19 PAYROLL TAX BENEFITS: ARE YOU GETTING ALL YOU DESERVE?

Cost Free
Presentation Length 1.0 hour

Recorded DateOctober 28, 2020
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaSpecialized Knowledge
Course LevelBasic
Course Description

The Families First Coronavirus Response Act (FFCRA), and the Coronavirus Aid, Relief, and Economic Security (CARES) Act, as amended by the Paycheck Protection Program Flexibility Act, provide numerous benefits for employers and employees funded through payroll tax credits and deferrals. This course will review the Employee Retention Credit, the mandated paid sick, and FLMA leave funded with a 100% payroll tax credit, and the employer and employee payroll tax deferral, offering practical approaches to maximizing benefits.

Learning Objectives:


  • Identify and adequately assess the availability of the Employee Retention Credit for wages paid to employees

  • Recognize whether your employees are entitled to mandated paid leave benefits

  • Determine and evaluate the benefits of employer and employee payroll tax deferrals

  • Identify the opportunities for amended payroll tax returns to claim credits

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Deborah Walker

Cherry Bekaert LLP
National Director, Compensation and Benefits
dwalker@cbh.com
(202) 257-5609

Cbekaert

Based in the Firm’s Washington, DC practice, Deborah is the National Director of the Firm’s Compensation & Benefits Solutions group. She provides executives and employers guidance on short and long term incentive compensation arrangements, both domestically and internationally; tax controversy issues related to employment taxes and compensation items; qualified retirement plans; health benefits including healthcare reform; and other fringe benefits such as expense reimbursement arrangements concentrating on federal tax consequences and achieving strategic business goals. 

Recognized as a trusted advisor with extensive experience beginning in 1976, Deborah also advises clients on compensation deductions in mergers and acquisitions; accounting methods for compensation items; financial statement reporting of compensation; and ESOPs. 

Prior to Cherry Bekaert, Deborah was a partner at two Big Four firms and Deputy to the Benefits Tax Counsel in the Office of Tax Policy at the U.S. Treasury Department, developing an extensive understanding of the creation of legislation and regulations. She is the author and co-author of many articles discussing compensation and benefits issues and has recently served as Chair of the AICPA Employee Benefits Conference, an annual conference for CPAs practicing in the employee benefits area.

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Anne Yancey

Cherry Bekaert LLP
Director, State and Local Tax National Leader, State Credits & Incentives
ayancey@cbh.com
(404) 733-3329

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Anne is a Director for Cherry Bekaert’s State & Local Tax practice for which she leads the Firm’s National State Credits & Incentives and Employment Tax practices. She specializes in assisting international and domestic companies with site selection, tax and financial location analysis, negotiating relocation and expansion incentive packages, and federal and state tax credits. In addition, Anne leads clients in all matters of federal, state, and local employment taxes, including issues related to withholding, unemployment, taxability, mergers, acquisitions, reorganizations, payroll credits, controversy, and compliance. 

With Anne’s extensive background in employment taxes, she works with clients in the resolution of IRS, state, and local payroll and state business tax notices and in the development of processes and procedures to ensure proper payroll tax reporting. As a CPA and Certified Credits & Incentives Professional, Anne has more than 27 years of experience in federal and state employment tax compliance and consulting. She advises clients in all industry sectors. 

Prior to joining Cherry Bekaert, Anne spent her entire career in Big Four public accounting. She began her career in Charlotte, N.C., providing corporation and partnership tax compliance services. Anne later moved to Atlanta and led various large-scale federal income tax consulting projects.

About Our Presenter

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As a nationally recognized, growth-oriented firm, Cherry Bekaert has the resources to take your business as far as you want to go. The Firm's industry specialists already know your marketplace, so they can help you make the most of emerging opportunities while minimizing compliance headaches. With our down-to-earth style and wealth of practical advice, you will find Cherry Bekaert an indispensable part of your team.

Ranked among the largest accounting firms in the country, Cherry Bekaert offers specialized solutions that help advance our clients' business goals. For more than 70 years, global corporations, private businesses, government entities, nonprofits, emerging firms, start-ups and successful individuals have relied on Cherry Bekaert to guide them forward as their growth advisor.

Cherry Bekaert LLP is an independent member of Baker Tilly International. Baker Tilly International is the world’s 8th largest accountancy and business advisory network by combined fee income of its independent members. Baker Tilly International member firms specialize in providing accountancy and business advisory services to entrepreneurial, growing businesses and mid-market listed corporates worldwide. | cbh.com