Middle-Market Insights: Employee Retention Credits for PE Portfolio Companies (Webinar)

The Employee Retention Credit (ERC) is a refundable payroll tax credit for wages paid and health coverage provided by an employer whose operations were either fully or partially suspended due to a COVID-19-related governmental order or that experienced a significant reduction in gross receipts. The ERC is applicable from March 13, 2020 through September 30, 2021 and may allow employers that received PPP loans to qualify for the ERC with respect to wages that are not paid with proceeds from a forgiven PPP loan. Due to the complex ownership structures of PE portfolio companies, special considerations must be evaluated on a facts-and circumstances basis to determine whether other portfolio companies directly or indirectly owned or controlled by the fund may need to be considered in determining eligibility for the ERC.

BDO’s team of professionals will provide an overview of how these new provisions may impact your business and will discuss processes and tools they are using to monetize the credit.

At the end of this webinar, attendees will be able to:

• Define the ERC eligibility criteria for 2020 and 2021
• Determine how the employer aggregation rules impact private equity at the portfolio company level
• Understand process and resources to help monetize the credit