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Payroll Retention Tax Credit Sunflower Webinar
Details
Program Content
The CARES Act provides a payroll retention tax credit. For 2020, the credit was up to $5,000 for the year (March 13 - December 31, 2020). For banks with over 100 employees, the credit was challenging to use in some cases. The Appropriation Act of 2020 greatly expands the availability of the tax credit. Moreover, it increases the credit up to $7,000 per employee per quarter for the first two quarters in 2021. We will discuss the significant changes to the tax credit both for banks and for their customers. We will also cover some of the goverance issues associated with taking the tax credit.
Program objectives:
• What is the policy reason supporting the payroll rentention tax credit?
• What impact does the PPP have on the ability to take tax credits?
• What aspects of the Appropriations Act changes are retroactive?
• How has the calculation of the amount of the tax credit changed?
• What corporate governance steps are essential for 2021?
• How can the bank minimize risk and take the tax credits?
• How do I get the lawyers, accountants and PEOs on the same page?
• What impact does the PPP have on the ability to take tax credits?
• What aspects of the Appropriations Act changes are retroactive?
• How has the calculation of the amount of the tax credit changed?
• What corporate governance steps are essential for 2021?
• How can the bank minimize risk and take the tax credits?
• How do I get the lawyers, accountants and PEOs on the same page?
Presenters
Peter Weinstock, Partner, Hunton Andrews Kurth
Peter's practice focuses on corporate and regulatory representation of small to large regional and national financial institution franchises. During the past several years, Peter has devoted substantial time to regulatory, law enforcement and internal investigations of financial institutions. He is Co-Practice Group Leader of the Financial Institutions Section. He has counseled institutions on more than 300 M&A transactions, as well as provided representation on securities offerings and capital planning.
Tony Eppert, Partner, Hunton Andrews Kurth
Tony's multi-disciplinary legal practice focuses on executive compensation, ESOPs and employee benefit arrangements (including their related tax, accounting, securities and corporate governance issues) in the United States and abroad. He leads the Firm's Compensation Practice Group.
What is a Webinar?
The program consists of 60 minutes of instruction and live Q&A. Each registration allows for one connection to the webinar and materials with 30-day replay access. You may have unlimited listeners on your connection by speaker phone and PC. You will receive a confirmation with your PIN, materials and logon instructions. If you do not receive a confirmation at least two days prior to the event, call 785-232-3444. You may also purchase the OnDemand recording and materials for ongoing training purposes.
Any transmission, retransmission or republishing of the audio portion of the seminar is strictly prohibited. Your registration entitles you to ONE connection at ONE physical location along with permission to make copies of seminar materials for all listeners from your institution.
The program consists of 60 minutes of instruction and live Q&A. Each registration allows for one connection to the webinar and materials with 30-day replay access. You may have unlimited listeners on your connection by speaker phone and PC. You will receive a confirmation with your PIN, materials and logon instructions. If you do not receive a confirmation at least two days prior to the event, call 785-232-3444. You may also purchase the OnDemand recording and materials for ongoing training purposes.
Any transmission, retransmission or republishing of the audio portion of the seminar is strictly prohibited. Your registration entitles you to ONE connection at ONE physical location along with permission to make copies of seminar materials for all listeners from your institution.
Registration fees are based off the bank/company asset size. Registration fees are per bank/company, not individual. This fee includes all bank/company locations in Kansas. If registering online, please register one person from your bank to pay for the registration. Additional attendees should be emailed to: lmott@ksbankers.com to receive login information prior to the conference. There is not limit on how many people that can attend.
Live purchase includes free 30-day replay access.
