Compass
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Regional Vice President of Sales The Retirement Plan Company
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AimPoint Pension
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Loan & Distribution Specialist AimPoint Pension
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Bates & Company, Inc.
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Claiming Tax Benefits for Health Coverage Costs Under the Employee Retention Credit
Lockton [Guidance Overview] May 5, 2020 "Because the statutory definition of qualified health expenses under the [employee retention credit (ERC)] matches the definition under FFCRA, the new IRS guidance largely mirrors the IRS guidance on 'qualified health plan expenses' under FFCRA ... Similar to the FFCRA credits, employers claim ERC credits on their quarterly payroll tax returns.... Qualifying health expenses include not only major medical coverage, but also dental and vision coverage and any other benefit to which the COBRA continuation rules would apply." |
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