Financial Institutions: Employee Retention Credit Considerations

LinkedIn Share Button Twitter Share Button Facebook Share Button Other Share Button

Presented on June 23, 2022

Seth Doorn, Senior Manager, Moss Adams
Craig Lammlin, Senior Manager, Moss Adams

The Employee Retention Credit (ERC) is a refundable credit businesses can claim on qualified wages—including certain health insurance costs—paid to employees. This benefit is often overlooked by businesses that were deemed essential, such as banks and credit unions.

Watch our on-demand webcast, Tax Credit Considerations for Financial Institutions, addressing key tax trends and revisions, potential implications for your financial institution, and federal and state compliance and planning topics related to the ERC.

Related Topics

2022 Financial Services Outlook: Trends, Challenges, and Opportunities
Mitigate Cyber-Risk for Your Financial Institution
How Financial Institutions Can Add Value with Environmental, Social, and Governance

Contact Us with Questions


Enter security code:
 Security code

The material appearing in this communication is for informational purposes only and should not be construed as legal, accounting, or tax advice or opinion provided by Moss Adams LLP. This information is not intended to create, and receipt does not constitute, a legal relationship, including, but not limited to, an accountant-client relationship. Although these materials have been prepared by professionals, the user should not substitute these materials for professional services, and should seek advice from an independent advisor before acting on any information presented. Moss Adams LLP assumes no obligation to provide notification of changes in tax laws or other factors that could affect the information provided.

Assurance, tax, and consulting offered through Moss Adams LLP. Investment advisory services offered through Moss Adams Wealth Advisors LLC.