March 3, 2022
Featured expert Kristi Stone, CPA, goes in depth about the under-used program
CPA Explains Employer Tax Credit (ERC) Eligibility for Small Businesses
- Experienced significant decline in gross receipts. In 2020 this was defined as gross receipts that declined by at least 50% compared to the same quarter in 2019. In 2021 gross receipts must have declined by at least 20%. Eligibility will not end until you have a quarter where gross receipts get back up to greater than 80% of 2019 quarter levels.
- Fully or partially suspended operations due to a government order related to COVID-19.
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