The Employee Retention Credit (“ERC”) started out as a lesser-known relief provision contained in the CARES Act passed into law at the beginning of the pandemic in March of 2020. Over the last three years, the ERC has increasingly grown in popularity and is now the topic of constant television ads, radio ads, social media ads, and marketing emails and calls.

As the ERC’s popularity has grown, so has fraud and abuse. The IRS has issued numerous warnings to employers about the importance of obtaining quality counsel in evaluating ERC eligibility. Whether you have already received your ERC refunds or have yet to evaluate whether your organization is eligible for the ERC, the importance of ensuring your organization has received quality guidance in this area has never been greater.

Join Mike Batts and Kaylyn Varnum as they provide an update on the ERC environment, including key considerations and observations for your organization’s decision-makers.

Resources

• The Employee Retention Credit

About Mike

Mike is the managing partner of Batts Morrison Wales & Lee. He has more than 30 years of experience serving nonprofit organizations in a variety of ways. Mike actively engages in nonprofit legislative matters at the federal and state levels. He has served on and chaired the boards of nonprofit organizations, both nationally and locally, such as the ECFA and the Commission on Accountability and Policy for Religious Organizations.

In 2013, Mike was inducted into the National Association of Church Business Administration Hall of Fame for his significant contributions to the church community. Mike is author of Church Finance—The Church Leader’s Guide to Financial Operations, a go-to reference that provides practical guidance for church and nonprofit financial administration; and Nonprofit Financial Oversight—The Concise and Complete Guide for Boards and Finance Committees; and Board Member Orientation—The Concise and Complete Guide to Nonprofit Board Service.

About Kaylyn

Kaylyn Varnum is a partner and the assistant national director of tax services for BMWL.  Kaylyn’s primary responsibilities include performing research and analysis related to technical tax issues at the federal, state, and local levels; providing tax advisory services related to exempt organization corporate structure planning; obtaining and maintaining federal, state, and local tax exemptions; and evaluating exempt organizations’ tax compliance.  Kaylyn is a contributing author of BMWL’s Nonprofit Feature Articles and Special Alerts, which provide news related to current developments and perspective on issues impacting nonprofits and their leaders.  She is also a member of the Christianity Today Church Law & Tax 2023 Advisors-at-Large board. She has been a conference speaker on nonprofit taxation issues at both the local and national levels.