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Recent Developments: Additional Covid Relief Now Available For Business’

Did you know you can still claim the Employee Retention Credit (ERC), going all the way back to Q1 2020? This is true even if you received a PPP Loan!

Similar to PPP, the Employee Retention Credit is a form of Covid relief that was created to help businesses and incentivize them to keep their workers employed. This refundable credit is worth up to $26,000 per employee.

The business community has been profoundly impacted by the pandemic, and businesses in Kansas, and beyond, have been able to claim the ERC to help maintain their payrolls and navigate the uncertainty. Even if your revenue didn’t drop, you may have experienced a partial suspension in operations that would make you eligible.

Join our speakers, Rebecca Sheppard, Esq., and Peter Haukebo, Esq., on June 28 at 2:30 pm to discuss the ERC, eligibility for the credit, and tax treatment.

RebeccaRebecca Sheppard joined Frost Law, as an attorney in June 2016. Rebecca previously worked for the Comptroller of Maryland in the Hearings and Appeals Section. Rebecca conducted administrative hearings, issued binding legal determinations, and negotiated settlement agreements on behalf of the Comptroller of Maryland. Rebecca gained hands-on experience in multiple practice areas, including Individual Income Tax, Corporate Income Tax, Sales and Use Tax, Withholding Tax, Admissions and Amusement Tax, Motor Fuel Tax, and Business License Revocation. Rebecca is also experienced in Personal Officer Liability stemming from assessments in Sales and Use Tax, Withholding Tax, and Admissions and Amusement Tax.

PeterPeter Haukebo is a Director at Frost Law. He concentrates his practice in the areas of tax controversy and planning and business transactions. Prior to joining the firm in 2018, he practiced at Chaney | Haukebo LLP. From 2013 to 2019, Peter served as an adjunct professor of law instructing in the Low Income Taxpayer Clinic at the University of Maryland Francis King Carey School of Law. He has been a member of the MSBA’s Taxation Section Council since 2015, and currently serves as the Council’s Secretary. Peter received his Juris Doctor cum laude from the University of Maryland School of Law and his Bachelor of Arts magna cum laude from Miami University in Oxford, Ohio. He is admitted to practice before the Maryland Court of Appeals, the Federal District Court for the District of Maryland, the Bankruptcy Court for the District of Maryland, and the United States Tax Court.