Aprio - Emplyee Retention Credit
YOUR DENTAL PRACTICE SHOULD TAKE ADVANTAGE OF THIS VALUABLE STIMULUS PACKAGE BENEFIT.
If your practice has experienced disruptions in operations or declines in revenues created by the pandemic, much needed relief may be available to you through the CARES Act Employee Retention Credit (ERC). This credit was enhanced and Aprio can help your practice claim and maximize its benefits.
What is the Dental ERC?
The Dental ERC is a refundable federal payroll tax credit designed to encourage businesses to retain their full-time employees through the COVID-19 pandemic.
Claimed on quarterly Form 941 of your Quarterly Federal Tax Return.
Number of employees does not affect credit eligibility.
PPP borrowers are now eligible to obtain the Dental ERC.
Eligible Employer
Aprio provides the following content as general guidance offered on an informational basis to assist you and your practice in evaluating the program. Due to the evolving nature of the program, and the lack of final published regulations, additional changes may affect the validity or timeliness of the content. Since every client situation is unique, Aprio recommends that you consult legal counsel to determine the best outcome for your company based on your company’s specific circumstances. Aprio is not responsible for the actions of any other third party. Claims for the employee retention credit are subject to audit by the IRS, like other tax forms. Aprio offers audit representation to practices they assist in claiming the employee retention credit.
If your practice has experienced disruptions in operations or declines in revenues created by the pandemic, much needed relief may be available to you through the CARES Act Employee Retention Credit (ERC). This credit was enhanced and Aprio can help your practice claim and maximize its benefits.
What is the Dental ERC?
The Dental ERC is a refundable federal payroll tax credit designed to encourage businesses to retain their full-time employees through the COVID-19 pandemic.
Claimed on quarterly Form 941 of your Quarterly Federal Tax Return.
Number of employees does not affect credit eligibility.
PPP borrowers are now eligible to obtain the Dental ERC.
Eligible Employer
Aprio provides the following content as general guidance offered on an informational basis to assist you and your practice in evaluating the program. Due to the evolving nature of the program, and the lack of final published regulations, additional changes may affect the validity or timeliness of the content. Since every client situation is unique, Aprio recommends that you consult legal counsel to determine the best outcome for your company based on your company’s specific circumstances. Aprio is not responsible for the actions of any other third party. Claims for the employee retention credit are subject to audit by the IRS, like other tax forms. Aprio offers audit representation to practices they assist in claiming the employee retention credit.
| patterson-aprio_dental_erc-one_pager_feb_2022.pdf |
| aprio_dental_erc_faq_feb_2022.pdf |