Do I Qualify For Employee Retention Credit

Do I Qualify For Employee Retention Credit Determining your eligibility for the Employee Retention Credit (ERC) is crucial for businesses looking to take advantage of this valuable tax credit. The ERC was introduced by the U.S. government as part of the Coronavirus Aid, Relief, and Economic Security CARES Act to support businesses during the COVID-19 pandemic. The credit has since been extended and expanded with subsequent legislation. If you’re wondering whether you qualify for the Employee Retention Credit, this article aims to provide you with the information you need to determine your eligibility. Firstly, the ERC is available to businesses that meet specific criteria. To qualify for the credit, your business must have experienced either a partial or full suspension of operations by a government order due to the pandemic. This means that if your business was forced to close or limit its operations directly as a result of a government mandate, you