Do You Qualify for the Employee Retention Tax Credit?
Take the QuickTest and find out.
The expanded Employee Retention Tax Credit (ERTC) provides welcome relief for businesses and organizations hardest-hit by the global pandemic. Here’s what you need to know.
ERTC Qualifications
You may qualify for the ERTC if:
- Operations fully or partially suspended by a government order, or
- Gross receipts were less than 50% compared to the same quarter in 2019, or
- Decline in gross receipts of 20% or more during the first two quarters of 2020 compared to the same two quarters in 2019
Do You Qualify?
Find out if you qualify, and what the ERTC may be worth to your business or organization: take the ERTC QuickTest and a member of our COVID-19 Advisory Team will contact you with next steps.
How Much Is the Credit?
For 2020, the credit is capped at $5,000 per employee.
For 2021, the cap increases to up to $21,000 per employee ($7,000 per quarter for the first three quarters). (Learn more.)