Are You Eligible for the Employee Retention Credit?
There has been considerable confusion surrounding the Employee Retention Credit and whether employers may be eligible for the credit. This confusion exists because the rules have changed several times since the CARES Act passed early in the pandemic. This video should help chiropractic physicians determine if you may be eligible.
Remember, this is only information to help you get started, as your payroll accountant or service provider will ultimately assist you in that process.
Important Notes: The IRS changed the rules to allow companies who previously received PPP funds to use the ERC. Additionally, although the ERC program ended in September 2021, employers can file AMENDED RETURNS to take advantage of the credit for up to 3 years following that date (i.e. September 2024).
If you would like a tool to help determine if you may be eligible for the ERC, use this form to help with the calculations.