If a business wants to claim an ERC refund, they must have retained employees during the pandemic despite meeting specific hardships. For each quarter they wish to qualify for, they must have experienced at least ONE of the following situations:
- Decline in gross receipts when compared to the corresponding 2019 quarter
- Full or partially suspended operations caused by a government shutdown mandate
- Supply chain disruptions caused by government shutdown orders affecting your supplier
For a more in-depth look at each of these criteria, you can check out the IRS's guidance below.