ERTC is a tax credit giving businesses up to $26,000 per employee on their payroll. This is not a loan. This is the biggest employer’s tax refund in U.S. history. Check your eligibility the easy way. Use our ERTC self-quiz here

Our clients have received over half a billion dollars that was rightfully theirs.  

  • $982K refund for a Travel Agency client  

  • $718K refund for a Restaurant client  

  • $692K refund for a Sports Facility client 

Use our self-quiz for a personalized answer, but here are 7 reasons why businesses qualify for ERTC. 

 

1 – Suspension of operations in 2020 due to government order 

You operated a trade or business during the calendar year 2020 and experienced a full or partial suspension of operations during any calendar quarter on account of a governmental order limiting commerce, travel or group meetings due to COVID-19. 

2 – Gross receipts declined more than 50% in 2020 

Your business suffered a significant decline in gross receipts by more than 50% when compared to the same quarter in the prior year. 

3 – Suspension of operations in 2021 due to government order 

You had a full or partial suspension of operations business during a calendar due to governmental order limiting commerce, travel or group meetings due to COVID-19. 

4 – Gross receipts declined in 2021 compared to 2019 

Your business suffered a decline in gross receipts in the first, second or third calendar quarter in 2021 where the gross receipts of that calendar quarter are less than 80% of the gross receipts in the same calendar quarter in 2019. 

5 – Your business was affected by a supplier being unable to make deliveries 

For example, a raw materials supplier was required to shut down due to government orders. As a result of the supplier’s shutdown a manufacturer was not able to perform its operations because it was not able to source an alternative supplier. 

6 – Your business could only operate on a limited capacity due to governmental order 

An example would be a restaurant that was ordered to close on-site dining, which was a substantial part of its business. However, it was allowed to continue carry-out service.  

7 – Your business had to reduce its operating hours due to governmental order 

For example, consider a food processing facility that normally operates 24 hours a day. The local health department required all food processing businesses to deep clean their workplaces once every 24 hours to reduce COVID-19 exposure. To comply, the employer had to reduce its daily operating hours to conduct the cleaning. 

Learn more on the IRS website about ERTC eligibility. Or take the ERTC easy self-quiz

 

 

NOTHING IN THIS COMMUNICATION CONSTITUTES LEGAL OR TAX ADVICE OR A GUARANTEE OF ELIGIBILITY FOR AN EMPLOYEE RETENTION TAX CREDIT. ELIGIBILITY DETERMINATIONS RELATED TO THE EMPLOYEE TAX RETENTION CREDIT ARE THE RESPONSIBILITY OF THE EMPLOYER. 

Unlock your growth potential

Talk with one of experts to explore how Asure can help you reduce administrative burdens and focus on growth.