The Employee Retention Tax Credit (the “ERTC”) is a credit from the Internal Revenue Service churches can claim on qualified wages paid to employees up to $10,000 per employee between March 13, 2020 and September 30, 2021. The ERTC was a part of the CARES Act that was passed by Congress in 2020 and extended under the Consolidated Appropriations Act of 2021. Many churches can qualify for this credit, even if they received a loan under the Paycheck Protection Program. Businesses have up to three years from the sunset of the ERTC program to conduct a lookback to the wages they paid between March 13, 2020 and September 30, 2021 to determine if wages paid during that period are eligible.
The Florida Conference Treasurer’s office is sponsoring a webinar entitled “Economic Relief for Churches – Employee Retention Credit” on February 23, 2022 at 6:30 pm to help you better understand the ERTC, how to determine if your church qualifies to claim the ERTC, and how to file a claim for the ERTC. This webinar will be hosted by Craig Smelser, the Treasurer of the Florida Conference and our presenter will be Kristin Labbe, Chief Financial Officer of BizOps and the BizOps Central Florida Office Leader for Clifton Larson Allen, PA, a national public accounting firm. Kristin has helped several United Methodist and other churches file for and receive the ERTC.
This webinar is for Church Treasurers, Financial Secretaries, Finance Committee Chairs, Office Managers and other members of the finance team at your local church.
The Zoom Link for the webinar is: