ERC GO is a division of Frandsen Accounting

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FULL AND/OR PARTIAL SHUTDOWNS

The meaning of "nominal impact"

In Notice 2021-20 (pgs. 27-28, Answer 11), the IRS has released guidance that clarifies the meaning of "nominal impact." This guidance states that something is considered to have a nominal impact if it affects 10% or more of your business revenue-producing operations or hours.

These amounts are calculated in one of two ways:

  • If the shutdown portion contributed 10% or more of a business's total gross receipts in the same 2019 calendar quarter
  • If the hours of service performed by employees in the shutdown portion is 10% or more of the business's total hours of service performed by all employees in the same 2019 calendar quarter

However, if the shutdown portions of operations can be performed remotely in a comparable manner, then a business is not considered to have experienced a nominal impact.


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Potential credit amount

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*This is an estimate only based on the employee counts entered and does not represent a guarantee of the credit amount you will receive, or that you will qualify for the program.

ERC GO has already helped a staggering:

6,129

...businesses file their ERC claims...and counting!

The ERC helps businesses recover from COVID

What is the Employee Retention Credit program?

The Employee Retention Credit is an economic stimulus program for American businesses. With no limits on funding, your business could potentially receive thousands of dollars!

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