Frequently Asked Questions (FAQs)
Specializing in Maximizing the ERC for US Businesses
What period does the ERC program cover?
The program commenced on March 13th, 2020, and continues until September 30th, 2021, for eligible employers. Refund applications for 2020 and 2021 can be made after December 31st, extending into 2022 and 2023 and potentially beyond. We have successfully assisted clients in receiving refunds ranging from $100,000 to $6 million. Additionally, some clients have qualified to continue receiving the ERC, amounting to approximately 30% of their payroll costs, in every payroll processed through September 30, 2021.
Can we qualify for the ERC if we receive the PPP?
Absolutely. Under the Consolidated Appropriations Act, businesses are eligible for the ERC even if they have already received a PPP loan. However, it’s important to note that the ERC can only be applied to wages not utilized for the PPP.
Can we qualify if our gross receipts did not decline by 20%?
Your business can still qualify for the ERC if it falls under either of the following criteria:
A government authority mandated a partial or total shutdown of your business during 2020 or 2021, including limitations on operations, travel restrictions, or group meetings.Gross receipt reduction criteria vary for 2020 and 2021, but it is measured against the current quarter compared to pre-COVID amounts in 2019.