Grab Unexpected Tax Savings Employee Retention Credit Consult
Eligibility Criteria
To qualify for the ERC, businesses must meet specific criteria. Generally, eligibility is determined by a significant decline in gross receipts or a full or partial suspension of operations due to government orders related to COVID-19. For 2020, the credit was available to businesses experiencing more than a 50% decline in gross receipts compared to the same quarter in 2019. In 2021, the threshold was adjusted to a 20% decline, broadening access to more businesses1.