Are you eligible to EMPLOYEE RETENTION CREDIT (ERC)?
Offering up to $26,000 for each worker during 2020/2021. An incentive which delivers substantial financial advantages to qualifying businesses. You can check your eligibility in advance:
Check your eligibilityHas your enterprise experienced a mandatory shutdown or faced limited operations?
If YES, you could be eligible.
- Firms may have faced mandatory shutdowns.
- Some businesses had to limit their operational hours.
- These disruptions led to difficulties in procuring supplies for many.
- Businesses included are those affected directly by these disruptions.
- Demonstrating an inability to obtain necessary supplies due to these disruptions is crucial.
- Such businesses could be considered for the ERC.
Did your company’s overall earnings decrease in comparison to the same period previously?
If YES, you could be eligible.
- Eligibility for the ERC is influenced by a significant drop in revenue.
- In 2020, businesses with a 50% decrease in earnings compared to 2019 might qualify.
- By 2021, the eligibility threshold was relaxed, with only a 20% revenue decline needed.