Frequently Asked Questions
I received PPP. Am I still eligible for the ERC?
YES! most employers, including tax exempt organizations, can qualify for the Employee Retention Tax Credit (ERC). For employers that qualify, including those with a PPP loan, the credit can be claimed against a portion of payroll from March 13, 2020 to June 30, 2021 and is paid directly to the business in the form of a refund check.
Do I have to repay the ERC Credit?
NO! the ERC Credit is not a Loan. The ERC Credit is a refundable tax credit that you are eligible to receive if you qualify.
Can I qualify for the ERC program if my revenue went up?
YES! Your Business May Qualify for the ERC if You Had:
Suspension of Operation, Retained Employees, Decline in Gross Receipts