Was Your Business Impacted By The Pandemic?

Claim up to $26,000 in tax credits per W-2 employee

Not a loan, so does not need to be paid back
Designed for businesses impacted by COVID
Receive a check directly from the IRS
Part of the 2020 CARES Act

ERC Tax Credit FAQ's

I received a PPP loan, am I disqualified?

You can still qualify for an ERC refund check, even if you had a PPP or PPP-2 loan. While the CARES Act originally prohibited having both an ERC and a PPP loan, the stimulus legislation recently passed (Consolidated Appropriations Act of 2021) eliminated this prohibition retroactive to March 13, 2020. Your business can now have both a PPP loan and ERC refund, however, special calculations around payroll wages and attribution is required.

I did not have a revenue reduction, am I disqualified?

There is not a necessity for a 25% reduction in revenue like PPP-2 if you can demonstrate a partial interruption in business operations. There are many ways businesses fully or partially suspend operations during each calendar quarter, and we help you document qualifying partial suspensions as part of an engagement. This includes, for example, capacity restrictions on indoor dining, canceled trade shows and group meetings, and other interruptions that are non-nominal in nature.

If your business had to change operations due to governmental orders or if gross receipts declined by 20%, your business likely qualifies. A change in operations could mean extra cleaning or sanitizing, limiting capacity or reducing hours, installing/utilizing protective equipment, temperature checks, or operational impact related to key suppliers or customers. For example, a law firm may have no longer been able to do in-person court hearings or in-person depositions, and cases may have been delayed, even if the firm continued to operate.

How long does it take to receive my tax credit?

Our Experts usually take 1-2 weeks to process your payroll, reconcile any PPP covered period overlap, and build out the attribution schedules. We will then file your forms with the IRS who will take between 12-16 weeks to process your tax credit and send you a check.

Does the ERC tax credit apply to Nonprofits?

Yes it does.

Do I have to repay the ERC tax credit?

No you don't because this is a tax credit, not a loan.

What constitutes a partial suspension of operations?

A partial suspension of operations can take many forms. Here are some common examples we see in businesses like yours:

Unable to attend trade shows in-person
Had staff go from in-office to work-from-home and had an impact
Retail store or restaurant that reduced the number of customers allowed inside
Closed down a department or business unit while other units continued to operate