Thursday, September 7, 2023

Is My Business Eligible for the ERTC?

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While businesses of all sizes can benefit from ERC, the program favors small and medium sized businesses over larger employers.

 

For tax year 2020, a small business is defined as a business that averaged 100 or fewer full-time monthly employees in 2019. For tax year 2021, the definition is expanded to include businesses that averaged 500 or fewer full-time monthly employees in 2019.

 

Larger employers can claim the ERC but only for wages paid to employees not to work or for some qualified health costs.

 

For businesses with 500 or less employees, you can claim the credit for all employees whether they worked or not.  

 

Book an Appointment with us today to discuss qualifying factors that apply to your company.

 

I hope this helps, Esther. We are pleased to offer you the opportunity to speak with someone who specializes in the ERC credit and to also offer you a full review of eligibility, timely filings, and audit protection.

  

Sincerely,

Paul Schween

Account Manager

The HD Group

(602) 878-7696

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