ERC is a stimulus program designed to help those businesses that were able to retain their employees during the Covid-19 pandemic.
Established by the CARES Act, ERC is a refundable tax credit, not a loan, that you can claim for your business.
If you answered yes to any of these questions, you likely qualify for the Employee Retention Credit, a tax credit recently made available by the IRS.
If you cannot find the answer below or have a specific question,
please reach out to our client satisfaction team at info@eisllcnj.com.
Yes. Under the Consolidated Appropriations Act, businesses can now qualify for the ERC even if they already received a PPP Loan. Please note, wages counted toward PPP forgiveness will reduce your ERC refund.
Your business qualifies for the ERC, if it falls under either one of the following:
Yes. To qualify, your business must fall under either one of the following criteria:
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