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What does the ERC offer to eligible employers?

2020

• 50% of qualified wages (including qualified health plan expenses) paid to each employee
• $10,000 in maximum wages; therefore, maximum credit is $5,000 per employee

2021

• 70 % of qualified wages (including qualified health plan expenses) paid to each employee
• $10,000 in maximum wages for Q1-Q3 in 2021; therefore, maximum credit is $21,000 per employee

In order to be an eligible employer for the credit, the employer must:

• Have fully or partially suspended operations during applicable calendar quarters in 2020 or 2021 due to orders from an appropriate government authority limiting commerce, travel, or group meetings due to COVID-19; OR
• Have experienced a significant decline in gross receipts during the calendar quarter.

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ÀÖÓ㣨Leyu£©ÌåÓý¹ÙÍø can help

• Determine and document if the company is an eligible employer
• Coordinate with company’s Tax, Legal, and other applicable internal departments, as well as external counsel to consider applicable government orders
• Use automated technology-based solutions to efficiently and properly identify and document impacted employees
• Calculate and document qualified wages
• Coordinate with other CARES Act provisions and employment tax and federal tax regimes, as necessary, to help ensure no double-counting
• Assist with the procedural requirements to claim the credit.
  
• Support related to the proper financial statement accounting treatment for credits claimed

News and guidanceÌý

December 6, 2021 -ÌýÌý

September 8, 2021 -Ìý

August 10, 2021 -Ìý

April 6, 2021 -Ìý

April 2, 2021 -Ìý

March 10, 2021 -Ìý

March 5, 2021 -Ìý