Webinar: How Jewelers Can Maximize Federal Resources
To Thrive Post-Pandemic
Experts From Marks Paneth Enlightened Attendees on How to Maximize Available Resources
On Thursday, September 23rd, The Plumb Club hosted a live webinar featuring the following expert panelists: Howard Hoff, Partner-in-Charge, Commercial Business Group, and Jay Brower, Partner, State and Local Tax Leader from the top 50 accounting, tax and advisory firm, Marks Paneth LLP. The program was moderated by The Plumb Club’s Executive Director, Lawrence Hess.
The webinar focused on the Employee Retention Credits (ERC) and its interplay with the Payroll Protection Program (PPP) forgiveness calculation available to the jewelry industry. Further, the panelists will drill down on the parts of the CARES Act and the Consolidated Appropriations Act that jewelry retailers need to know as it pertains to the ERC and PPP loan forgiveness.
Attendees gained insight and knowledge on:
- Qualifying for and claiming ERC for your business for 2020 and 2021
- Optimization analysis of the interplay of the PPP loan forgiveness applications and the ERC being requested
- Taxation of the ERC received – how it works, and best practices
“Many retailers may feel that the resources available to help with issues related to the pandemic have been exhausted at this point,” says Hess. “There are still a number of opportunities that retailers can avail themselves of. This timely webinar will help them understand and optimize the help that’s still available.”
About the Presenters:
Howard Hoff, CPA, GCMA, Partner, Marks Paneth LLP: Mr. Hoff brings more than 25 years of experience in accounting and consulting to his position as the Partner-in-Charge of the Commercial Business Group at Marks Paneth LLP. In this capacity, he provides a broad range of services to a diverse client base and is recognized for his expertise in the jewelry and apparel industries. Mr. Hoff will be able to address a wide range of questions including the government CARES Act, IRS extensions, employment issues, refunds and other business challenges.
James M. Brower, Jr., CPA, State/Local Tax Leader, Partner, Marks Paneth LLP: Mr. Brower has more than 20 years of professional experience at the federal, state, and local levels. Mr. Brower’s duties also include the development of tax planning and implementation strategies, as well as education and development of the firm’s professionals. Mr. Brower provides tax planning and compliance services to clients in the manufacturing, commercial fishing, telecommunications, professional services, retail and transportation industries.