To be eligible for the Employee Retention Tax Credit, your business must have been fully or partially suspended due to a government order related to COVID-19 or experienced a significant decline in gross receipts. The significant decline is defined as a reduction of more than 20% in gross receipts for the same quarter in 2019. You may be eligible for the credit if your business meets either of these criteria.

If you received a PPP loan, you can still claim the Employee Retention Tax Credit but cannot use the same wages for the PPP loan forgiveness and tax credit. This means that you must choose which wages to allocate to each program to avoid double-dipping.

The qualified wages for the Employee Retention Tax Credit depend on the size of your business. For businesses with more than 500 employees, only wages paid to employees who are not providing services due to the suspension or reduction in business operations are eligible for the credit. For businesses with 500 or fewer employees, all wages paid during the eligible period are eligible for the credit.

Yes, you can claim the Employee Retention Tax Credit for employees who are working remotely, as long as they are still considered employees and are not independent contractors. However, suppose the employees are providing services to the business and are not affected by the suspension or reduction in business operations. In that case, only their wages during the period of time when they were not providing services are eligible for the credit.