Nonprofit Resources
IRS Provides FAQs About the Employee Retention Credit
Organizations that did not receive or did not apply for a Paycheck Protection Program loan may be eligible to claim the benefits of the Employee Retention Credit.
For eligible employers, this credit subsidizes 50% of qualifying wages up to $10,000 per employee. An eligible employer is one that fully or partially suspends operation during any calendar quarter due to a governmental order limiting commerce, travel, or group meetings due to COVID-19.
The IRS has published a set of frequently asked questions regarding the Employee Retention Credit on irs.gov.
Ted R. Batson, Jr.
Ted serves as Tax Counsel and Professional Practice Leader – Tax, CapinCrouse and Partner, CRI Advisors, LLC†. A certified public accountant and licensed attorney, Ted advises exempt organizations of all sizes on a wide range of tax matters, including representation before state and federal tax authorities and assistance with firm audit or advisory engagements to formulate advice and counsel on important operating and tax issues. In addition to tax advisory services, Ted leads the firm’s tax preparation practice, including IRS Forms 990 and 990-T and related state forms. Note: Although licensed to practice law in Indiana, Ted's services through CapinCrouse do not involve the practice of law and consequently do not result in the creation of an attorney-client relationship.