ERC Qualifications

Businesses around the globe have been heavily affected by the COVID-19 outbreak, causing them to face numerous challenges in maintaining stability amidst financial unpredictability and decreasing income.

In order to extend aid to these enterprises, the Employee Retention Credit (ERC) or ERC Services was implemented as a component of the CARES Act. Its primary objective is to furnish eligible businesses with financial aid, enabling them to preserve their workforce and sustain their day-to-day activities. Consequently, it is crucial to ascertain the criteria that determine eligibility for the ERC.