Скачать или смотреть Who Qualifies for the Employee Retention Tax Credit 2021?

The Employee Retention Tax Credit (ERTC) is a refundable tax credit designed to incentivize eligible employers to retain their employees during challenging economic times, such as the COVID-19 pandemic[4]. To qualify for the ERTC in 2021, employers must meet specific criteria[5]:

Significant Decline in Gross Receipts: Employers must have experienced a significant decline in gross receipts, which is defined as a 20% or more decline in gross receipts compared to the same quarter in the previous year[5].
Full or Partial Suspension of Operations: Employers must have experienced a full or partial suspension of operations due to government orders related to COVID-19[5].
Eligible Period: The ERTC is available for qualified wages paid between March 13, 2020, and December 31, 2021[5].
Employer Size: The ERTC is available to employers of any size, including businesses and nonprofits[5].
Qualified Wages: The ERTC is based on qualified wages paid to employees during the eligible period. For employers with more than 500 full-time employees, qualified wages are limited to wages paid to employees who are not providing services due to a full or partial suspension of operations or a significant decline in gross receipts[5].

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