If you’re curious about how to claim the Employee Retention Credit in 2023, we’ve got you covered! The process hasn’t changed – but time IS running out.
As detailed on the “Learn How to Qualify” page, a business must successfully pass the “Gross Receipts Test” or the “Government Mandate Test” to be considered eligible for the Employee Retention Credit.
It’s important to note that since the ERTC is a quarterly program, a business owner must meet the requirements of either test on a quarterly basis, not annually. This means that if a business only meets the criteria for the “Gross Receipts Test” during Q1 of 2021, they would only be eligible to claim the Q1 ERTC Credit.
It’s crucial to meet the requirements for each quarter to be eligible for that specific quarter’s credit.
Learn how to protect your business from ERTC eligibility fraud.