- This event has passed.
SEMINAR: The Employee Retention Credit for UMC’s
October 29, 2023 @ 4:00 pm - 6:00 pm EDT
ERC for UMC’s: The Employee Retention Credit
Sunday, October 29 4-6PM
Hosted by Clarkston United Methodist Church
This seminar is for administrators, treasurers, pastors and other employees of Michigan United Methodist Churches who are interested in learning about the Employee Retention Credit (ERC). The seminar covers qualification rules, calculation of the credit and what forms to file to claim the credit.
You will learn:
- How to Qualify
- How to Calculate
- How to Claim
The rules for the ERC are complex and depend on the period for which the credit is being claimed. Furthermore, the proliferation of ERC advertisements has raised concerns about a flood of improper Employee Retention Credit claims, to the extent that the Internal Revenue Service announced an immediate moratorium through at least the end of the year on processing new claims.
However, churches who have not yet looked at this credit may still benefit from applying. Even though the employee retention credit is not applicable to wages paid to ministers and must be coordinated with any Payroll Protection Program (PPP) forgiven loans, the credit may still provide significant resources to churches.
We invite you to join us for this free seminar to learn more about the ERC credit. The seminar will be presented by Kathy Walker, CPA and Director of Finance for Clarkston United Methodist Church.
Pre-registration is required by October 22. Registration information can be found at this link: https://clarkstonumc.formstack.com/forms/erc_for_umc_s