Earlier this year, the 2020 and 2021 ERC (Employee Retention Credit) became an extremely valuable opportunity for camps. Hundreds of thousands of dollars for some camps.
But maximizing ERC and PPP simultaneously, while meeting the reduced gross revenue (tuition plus fundraising) eligibility requirements is very complicated.
How many quarters in 2020 and 2021 will you qualify for ERC? Will you use the “bonus quarter” option? How will you distribute PPP forgivable expenses and ERC qualified expenses? Would a modified fundraising strategy change your eligibility status? Will ATN 2021 deadline changes help?
On Friday, June 11
, a panel of experts* answered frequently asked questions about maximizing ERC, PPP, and fundraising simultaneously. Our panel included:
John Antinore, CPA, Partner at Wagner & Zwerman LLP
Jeanne Pagnozzi, CPA, Senior Director, eCratchit Nonprofit
Ed Mulherin, CPA, Esq, CEO, eCratchit Nonprofit
Andrew Gurwitz Ziv, Associate Director, Eden Village Camp (Andrew's COVID Stimulus updates for camps
*The information provided in this webinar does not, and is not intended to, constitute tax or legal advice; instead, all information, content, and materials shared in this webinar and/or provided by JCamp 180 are for general informational purposes only. Any recommendations or guidance should be verified by your camp’s own CPA, tax attorney, auditors, or by independent counsel.