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Can You Claim the ERC Retroactively?
If you didn’t claim the Employee Retentions Credit in 2020 because you received a Paycheck Protection Program (PPP) loan due to the Coronavirus pandemic, here are some good news.
If you didn’t claim the Employee Retentions Credit in 2020 because you received a Paycheck Protection Program (PPP) loan due to the Coronavirus pandemic, here are some good news.
The short answer is yes: You can get the Employee Retention Credit (ERC) even if you’ve received a Paycheck Protection Program (PPP) loan. That wasn’t always the case, however.
The answer to this question depends in part on what kind of business structure you have. The ERC is available to any sole proprietorship, LLC, S-Corp, C-Corp or 1099 employee that meets the eligibility requirements.
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