Does my business qualify for ERC?

Eligibility

Year: 2020

Employer Eligibility:

•100 or fewer employees

(1) Businesses either fully or partially suspended due to orders from a government authority (Fed, state, local) as a result of COVID-19

(2) 50% decline in business receipts compared with same quarter in 2019

Credit Percentage: 50%

Year: 2021

Employer Eligibility:

•500 or fewer employees

（1）Businesses either fully or partially suspended due to orders from a government authority (Fed, state, local) as a result of COVID-19, between the dates of 1/1/2021 and 9/30/2021 Note: Qualified Recovery Startup Businesses were eligible to take the credit until December 31, 2021.

（2）20% decline in business receipts compared with same quarter in 2019

Credit Percentage: 70%

Business Types

80% of small and mid businesses are eligible for the ERC, and almost 100% of restaurants are eligible for the ERC, SME service LLC can help you confirm your ERC eligibility for free, quickly and accurately.

Businesses that may meet the requirements.

Catering
Nail Spa
Wholesale & Retail
Supermarkets
After Schools, Private schools.
Dentists, clinics, pharmacies and doctor's office.
Software and hardware development, technology company
Gas stations, factories, warehouses, offices, construction companies.

ERC Refund Amount

Businesses that opened before the outbreak can get total up to $26,000 per employee. In 2020, a maximum of $5,000 per employee can be claimed. In 2021, the credit can be up to $7,000 per employee per quarter. The original law only included qualified wages paid after March 12, 2020, and before Jan. 1, 2021. Now the ERC has been extended through September 30th, 2021 with a $21,000 maximum credit per employee ($10,000 X 3 quarters X 70%)

Up to a total of $33,000 per employee for businesses opening after the outbreak. In 2020, a maximum of $5,000 per employee can be claimed. In 2021,$7,000 per employee PER QUARTER with a $28,000 maximum credit per employee ($10,000 X 4 quarters X 70%)