Employee Retention Credit - Spidell

Employee Retention Credit

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Message Board Employee Retention Credit

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    • #305328
      Anonymous
      Participant

      A C-corporation is qualified for ERC of Q2 & Q3 2020. It received 1st PPP in 2021.
      should the 1st PPP received in 2021 be deducted from ERC for 2020?
      Or 1st PPP and 2nd PPP received in 2021 should be used for ERC 2021?

    • #305387
      Sandy Weiner
      Participant

      If the PPP loans were received in 2021, they should be used for calculating the 2021 ERC

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