|
2020 |
2021 Q1 & Q2 |
2021 Q3 |
2021 Q4 |
| Time Period |
March 13, 2020 – December 31, 2020 |
Q1 2021 & Q2 2021 Respectively |
Q3 2021 |
N/A |
| Credit Rate |
50% |
70% |
N/A |
| Max Credit per Employee |
$5,000 Per Year |
$7,000 Per Quarter |
N/A |
| Small Employer |
100 full time employees and less in 2019 |
500 full time employees and less in 2019 |
N/A |
| Revenue Qualifier |
50% Gross Receipts Decline vs 2019 same quarter |
20% Gross Receipts Decline vs 2019 or 2020 same or prior quarter. Employers that did not exists in 2019 can use 2020 revenue numbers. |
N/A |
| Partial or Full Suspension Qualifier |
The operation of a trade or business is partially suspended if a government authority imposes restrictions on the employer’s operations by limiting commerce, travel, or group meetings due to COVID-19 such that the employer can still continue, but not all of its typical operations. |
N/A |
| Governmental Orgs |
None |
Public colleges, universities, organizations whose principal purpose is providing medical or hospital care, certain federal instrumentalities like credit unions |
N/A |
| Recovery Startup Business |
None |
Businesses beginning operations after Feb 15, 2020 qualify regardless of revenue or shutdown orders. Max $50,000 per quarter |
| Can claim PPP & ERC |
Yes |
