Recent Developments: Additional Covid Relief Now Available For Restaurants
The federal employee retention tax credit (ERTC) is designed for restaurants that have struggled during the COVID-19 pandemic. If your restaurant was subject to partial capacity restrictions or sustained losses of 20% or more during a calendar quarter, it is likely eligible for up to $26,000 per employee.
During this webinar, Rebecca Sheppard, Esq. and Peter Haukebo, Esq., Tax Directors at Frost Law, a leading tax advisory firm, will discuss how they help small and medium-sized restaurants simply amend their tax returns to qualify for ERTC funds. Once processed, ERTC is received as a fully refundable credit.
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Rebecca 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.
Peter 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.