ERC Research Library
Ask ERC Prep
A Practical Guide for Companies Claiming the Employee Retention Credit (ERC) Payroll Tax Refund
Who is Eligible for the ERC Program?
Eligible Employers for the purposes of the Employee Retention Credit are employers that carried on a trade or business during calendar year 2020 or 2021, including tax-exempt organizations, that either:
- Fully or partially suspended operations during any calendar quarter in 2020 or the first three quarters in 2021 due to orders from an appropriate governmental authority limiting commerce, travel, or group meetings (for commercial, social, religious, or other purposes) due to COVID-19; or
- Experienced a significant decline in gross receipts during the calendar quarter.
Read on for practical guidance related to all things the Employee Retention Credit Program. From ERC Program Eligibility, to finding and interpreting the authoritative guidance, to industry interpretations and best practices, and to the latest news about the IRS and its efforts to process the backlog of Form 941-Xs.
How Do We Qualify For ERC if our Revenue Did Not Go Down
Companies may qualify for a Payroll Refund under the ERC Program even if their gross receipts did not decline significantly. Companies may still qualify for ERC even if their revenue increased over the pandemic. How Do We Qualify for ERC if our Revenue Did Not Go...
IRS Audit Risk from ERC Payroll Tax Refund
The IRS warned employers to be wary of claiming the Employee Retention Credit (ERC) when they may not qualify. Audit risk is real. What is the likelihood that you will be audited for claiming the Payroll Refund? Is the risk of IRS Audit real?StudyIR-2022-183 Employers...
Is ERC a Scam
The Get Payroll Refund ads sound too good to be true. Is the Employee Retention Credit Program real? Is ERC a Scam?StudyHow do you know the ERC Program is Real? The Employee Retention Credit (ERC) under the CARES Act and related guidance encouraged businesses to...
Determining Eligible Employers
My revenue increased or stayed the same over Covid, can I still qualify for ERC? Determining Eligible EmployersStudyHow do you determine who is an Eligible Employer? Eligible Employers for the purposes of the Employee Retention Credit are employers that carry on a...
Determining Qualified Wages
How do you determine the number of full-time employees that were employed by a company during 2019 for purposes of assessing ERC eligibility? Determining Full-Time EmployeesStudyHow do you determine the number of full-time employees employed during 2019? The term...
Authoritative Guidance
A history of the ERC Program Payroll Tax Refund What is ERC? The Deep DiveStudyERC. Short & Simple The Employee Retention Credit (ERC) is a payroll tax refund from the United States Treasury Department applicable to businesses who kept employees on payroll during...
Integrated Payroll & Accounting Systems
A faster, easier way to claim your Payroll Tax Refund Connect your PayrollConnectProtect Your Time Working with payroll and accounting general ledger files is never fun. Don’t spend hours with your CPA doing gymnastics in Excel. ERC Prep’s software platform works...
Our Office
5830 E. 2nd Street
Casper WY, 82609, USA
Contact Us
(213) 444-6067
[email protected]
Office Hours
Mon-Fri: 7am - 7pm
Sat: 9am - 5pm
Sun: Closed