Employee Retention Credit
You may qualify for the ERC if:
Paid W2 employees
You paid full or part-time wages for W-2 employees (not family members or owners) during 2020/21.
Decreased revenue*
In addition-Your gross quarterly receipts declined in either 2020 or 2021 when compared to the corresponding quarter in 2019.
Suspended operations
OR…A government directive prohibited operations, be it in terms of hours or service capacity.
