Webinar | You Got the PPP But Did You Miss the ERTC?
In the early days of the COVID-19 pandemic, Congress created a number of programs to help provide financial relief for struggling small businesses. The most widely-publicized program was the Paycheck Protection Program (PPP), a government-backed loan that helped businesses continue to pay their employees despite losses in revenue. But another program, the Employee Retention Tax Credit (ERTC), didn’t get as much attention—and it can help small business owners dramatically reduce their federal tax burden.
John Sanchez, CPA and founder of John A. Sanchez & Company, recently joined Telemus Financial Life Advisor Trever Helmstead, CFA, CFP® to discuss the key information you should know about the ERTC. Specifically, they covered:
- What is the ERTC and how does it work?
- Who is eligible and what do you need to qualify for the ERTC?
- What you need to know about fraudulent ERC solicitors
- What conversations should you be having with your tax professional?
Trever Helmstead, CFA, CFP® is a Financial Life Advisor at Telemus, where he helps affluent and emerging wealth families achieve their financial goals and make a smooth transition to retirement. Trever most recently worked in Ann Arbor as a Vice President and Portfolio Manager where he managed high net-worth and institutional relationships as the lead investment professional. Previously working at Comerica Bank his focus was managing fixed income portfolios in a sell-side role.
He is actively involved in the community serving on the Junior Achievement of SE Michigan RAAB Board. Volunteering to inspire young people gain the skills they need to own their economic success, plan for their future, and succeed in the global economy. Trever graduated from the University of Michigan where he received his MBA, MS in Finance, and AB in Economics. He currently holds the Chartered Financial Analyst designation and is a CFP® professional. Trever loves spending his free time with his family and getting outside for a spirited bike ride.
ABOUT THE PRESENTER —John Sanchez, CPA
John Sanchez, CPA is the founder of John A. Sanchez & Company. As a CPA with 20+ years of experience in the field, John has helped countless companies understand the numbers behind their business. In the process, he has had the privilege of working with clients from a wide variety of industries, and from dental practices to construction firms, every successful company brings something unique and interesting to the table.
One glaring exception, John noticed, was often the accounting industry itself. There is significant demand for tax preparation assistance, tax filing, and general accounting. For most CPAs, that is the extent of the services offered. John felt that businesses deserved more. In 2010, he left behind the corporate accounting world and branched out on his own to form John A. Sanchez and Company, a people-first accounting firm where navigating the complexities of tax season is just scratching the surface.
Through advisory coaching, consultations, and cutting-edge financial tech tools, John wants to help businesses understand whether these solutions are being properly utilized in the first place.
Click here for designation requirements
All opinions expressed in this article are for general informational purposes and constitute the judgment of the author(s) as of the date of the report. These opinions are subject to change without notice and are not intended to provide specific advice or recommendations for any individual. The material has been gathered from sources believed to be reliable, however Telemus Capital cannot guarantee the accuracy or completeness of such information, and certain information presented here may have been condensed or summarized from its original source. Any reference to an index is included for illustrative purposes only, as an index is not a security in which an investment can be made. Indices are unmanaged vehicles that serve as market indicators and do not account for the deduction of management fees and/or transaction costs generally associated with investable products.
PAST PERFORMANCE IS NOT A GUARANTEE OF FUTURE RESULTS. Investment decisions should always be made based on the client's specific financial needs, goals and objectives, time horizon and risk tolerance. Current and future portfolio holdings are subject to risk. Risks may include interest-rate risk, market risk, inflation risk, deflation risk, currency risk, reinvestment risk, business risk, liquidity risk, financial risk, and cybersecurity risk. These risks are more fully described in Telemus Capital's Firm Brochure (Part 2A of Form ADV), which is available upon request. Telemus Capital does not guarantee the results of any investments. Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, and may lose value.
Telemus is a place where financial security is just the starting point. A place where you can identify and realize a more profound, more aspirational mission – to leverage your wealth to help you achieve your envisioned future. Through a deep and thoughtful exploration process with a unique team of experts, we help you define what financial and personal achievement means. By igniting a partnership with Telemus, we will help you attain personal life enrichment, your grandest visions, and your life’s most important goals. At Telemus, we have a different perspective on your financial life. When you take a seat at the Telemus Roundtable, you gain access to the most compelling conversations and inspired solutions for your financial future. We offer you a brand new, more holistic outlook far beyond just investment management which we know will serve as the inspiration for a more enriched life.
