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January 15, 2021
2021-0103

Tuesday, January 26 | Update on federal tax credits and business relief following enactment of Consolidated Appropriations Act, 2021 (3:30 pm ET)

The Consolidated Appropriations Act, 2021, enacted 27 December 2020, renewed, extended and modified numerous tax credits and enacted new business relief measures. Join our team of Ernst & Young LLP professionals to hear important developments on these tax credit and relief opportunities. We will explore the following topics:

  • Employee retention credit (ERC): extension and modification of the ERC, which was enacted under the Coronavirus Aid, Relief, and Economic Security (CARES) Act
  • Hiring: extension of the Work Opportunity Tax Credit (WOTC), Federal Empowerment Zone Credit and Indian Employment Credit
  • Relief measures for sectors impacted by the Coronavirus: transit grants; shuttered-venue grants
  • Disaster relief: creation of a new disaster zone credit for certain major (non-Coronavirus) disasters in 2020
  • Paid leave: extension of the Section 45S credit for employer-provided paid family and medical leave; extension of the paid-leave credits under the Families First Coronavirus Response Act
  • Sustainability: extension of energy credits and energy-efficiency deduction for buildings
  • Economic development: New Markets Tax Credit and Opportunity Zones

This is an interactive webcast and we encourage you to ask questions.

Date: Tuesday, 26 January 2021

Time: 3:30-4:45 p.m. EST New York; 12:30-1:45 p.m. PST Los Angeles

Registration: View archive here.

Panelists

Julie Gallina, Partner, Workforce Tax Services, National Leader — Affordable Care Act, Ernst & Young LLP

Christa Bierma, Principal, National Tax — Compensation and Benefits, Ernst & Young LLP

Rebecca Truelove, Principal, Workforce Tax Services, National Leader — WOTC, Ernst & Young LLP

Akshay Honnatti, Senior Manager, Global Location Investment, Credits & Incentives Services,Ernst & Young LLP

Moderator

Paul Naumoff, Principal, Ernst & Young LLP and EY Americas Leader, Global Location Investment, Credits & Incentives Services

CPE credit offered: 1.4. Recommended field of study: Taxes. Learning objective: Learn important developments in employment-related federal business tax credits under the Consolidated Appropriations Act, 2021. This intermediate level, group internet-based course has no prerequisites or advanced preparation. Final CPE award to be based on content, polling and length of participation. See CPE FAQ for more information.

1.0 RCH credit is available to Certified Payroll Professionals (CPP) and Fundamental Payroll Certification (FPC) professionals.

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