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Employee retention credit guidance update and rising economic confidence
On March 1, the IRS issued guidance on the employee retention credit. April Walker, CPA, CGMA, lead manager on the Tax Practice & Ethics team at the AICPA, explains the highlights of that guidance, including how the credit interacts with PPP loans. Also, Ken Witt, CPA, CGMA, senior manager for management accounting and member engagement at the AICPA, shares the important details of the latest AICPA Business & Industry Economic Outlook Survey.
What you'll learn from this episode:
Key points of the 102-page guidance from the IRS on the employee retention credit.
What the IRS guidance did not…
The skinny
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