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Jul 22, 2021

Summer may be in full swing, but tax practitioners still need to be mindful of certain alerts and deadlines that might have gotten lost in the shuffle earlier this year.

Annette Nellen, CPA, CGMA, Esq., Tax Professor – MST Program at San Jose State University, and a past Chair of the AICPA Tax Executive Committee, shares her summer hit list of items to be aware of including:

  • Discussion on how to repay any deferred payroll taxes from 2020
  • Documentation needed for the employee retention credit (ERC) and other COVID-19 payroll tax credits
  • Treatment of other COVID-19 relief including grants and debt cancellation programs

What you’ll learn in this episode

  • General overview of the deferred payroll taxes (1.20)
  • How self-employed individual and household employers can repay deferred Social Security taxes (4.29)
  • Accrual method employer treatment of the deferred payroll taxes (9.42)
  • ERC and sick leave credit documentation requirements (11.22)
  • Tax treatment of other COVID-19 relief (23.00)

AICPA resources

Other resources


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