Does My Business Qualify?
The eligibility requirements for ERC are as follows:
Does My Business Qualify?
The eligibility requirements for ERC are as follows:
Your business experiences a partial or complete shut down of operations such as:
Your business experiences a partial or complete shut down of operations such as:
Social Distancing
Reduction of hours of operation.
Distribution delays of suspension
Supply chain disruptions
Suspended onsite work or meetings
Social Distancing
Reduction of hours of operation.
Distribution delays of suspension
Supply chain disruptions
Suspended onsite work or meetings
Your business experiences a partial or complete shut down of operations such as:
Your business experiences a partial or complete shut down of operations such as:
50% decreasse in revenue/quarter
20% decrease in revenue/quarter
Eligibility for ERC Tax Credit
2020
- If your business was fully or partially suspended.
- If your business was forced to restrict business hours.
- If your business experienced a reduction of 50% or more revenue compared to the same quarter in 2019.
- Gross receipts must be less than 50% compared to the same quarter in 2019.
Eligibility for ERC Tax Credit
2021
- A reduction of at least 20% in quarterly gross receipts is required instead of 50%.
- If your business experiences a reduction of 20% or more revenue compared to the same quarter in 2019, you are eligible for the ERC tax credit
Are you ready to get started?
Eligibility for ERC Tax Credit
2020
- If your business was fully or partially suspended.
- If your business was forced to restrict business hours.
- If your business experienced a reduction of 50% or more revenue compared to the same quarter in 2019.
- Gross receipts must be less than 50% compared to the same quarter in 2019.
Eligibility for ERC Tax Credit
2021
- A reduction of at least 20% in quarterly gross receipts is required instead of 50%.
- If your business experiences a reduction of 20% or more revenue compared to the same quarter in 2019, you are eligible for the ERC tax credit
Are you ready to get started?
Not quite sure yet?
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