FAQs on the Employee Retention Tax Credit (ERC)
What is the Employee Retention Tax Credit (ERC)?
Simply put, the Employee Retention Tax Credit (ERC or ERTC) is [...]
May I still claim ERC if I have a PPP loan, EIDL, Restaurant Grant or used other federal COVID-19 relief programs?
YES! ERC may now be used in conjunction with other federal [...]
How does ERC work with payroll tax credits for FFCRA-type paid sick leave?
Wages for which you received FFCRA payroll tax credit do not [...]
Who is eligible for 2021 ERC?
Employers, including tax-exempt organizations, are eligible for ERC in 2021 if [...]
Is ASAP automatically reducing my share of payroll tax liabilities for ERC?
No. We need your authorization before we can implement a reduction [...]
How quickly can ASAP help me claim 2021 ERC?
Our small-but-mighty ERC Team will work diligently to set up ERC [...]
When can I expect to receive my 2020 ERC refund?
Unfortunately, we cannot estimate when you may receive your payroll tax [...]
Can ASAP help me claim a refund for ERC if my organization was eligible for credits in 2020?
Yes. We can help ASAP Accounting & Payroll clients identify and [...]
Can ASAP help me file 941 and 941-X returns to claim ERC?
Yes, we can help ASAP clients with preparing and submitting 941-X [...]
Do I need to let ASAP know that I filed my own 941-X to claim ERC?
Yes, please contact us if you (or your accountant / tax [...]