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In the News

Congratulations! CK’s 2021 Promotions

Growing the Corrigan Krause team and promoting our professionals allows us to build the strongest and most effective team for our clients. During this unique and challenging year, our team more than rose to the challenge, working together to keep our clients informed and up to date on financial and legislative changes. A number of our professionals developed their skills and earned a much deserved promotion.

Key Points From This Post

• The American Rescue Plan Act signed into law March 11, 2021 extended and expanded the employee retention tax credit to December 31, 2021 to eligible employers who retained employees during the COVID-19 pandemic.
• Qualifying standards have changed over the months, but as a baseline, qualification is determined by one of two factors.
• The employee retention credit cannot be claimed for wages that are expected to be forgiven under a Paycheck Protection Plan loan or other Covid-relief programs.