Employee Retention Credit: Fact vs Fiction

Determining if your business is eligible for the Employee Retention Credit can be complex and penalties on unpaid payroll taxes can be substantial if ERC is taken erroneously.

The following article from the Association of International Certified Professional Accountants navigates through fact and fiction surrounding eligibility including:
• The gross receipts test of calendar quarter revenue decline compared to 2019
• Full or partial suspension of operations due to government orders
• Supply chain disruptions
• What salaries can qualify towards ERC

To read the entire article, click here.

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