Over the past year, changing rules and shifting guidance became the new normal as the government unleashed a flurry of changes during the COVID pandemic. The employee retention credit is one such area with changes. At first if a business participated in the Paycheck Protection Program (PPP), it was not allowed to claim the employee retention credit. Now businesses who participated in the Paycheck Protection Program can also claim the employee retention credit.
You can read more in our Employee Retention Credit Summary here.