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Can independent contractors Get ERC credit in 2020?

    • 4 posts
    August 15, 2023 1:23 AM PDT

    Are there any chances to get refundable fees? What was the refund in 2020?

     

    • 4 posts
    September 4, 2023 6:25 AM PDT

    Contractors were entitled to a fully refundable fee for 2020 if their operations were entirely or partially halted as a result of a COVID-19-related government order or if their gross receipts for 2020 Quarter 2, Quarter 3, or Quarter 4 were less than 50% of their gross receipts for the corresponding quarter in 2019. Employee Retention Credit (ERC), a federal payroll tax credit. If the contractor, however, if a Paycheck Protection Program (PPP) loan was obtained by any member of its controlled group, So it is crystal clear when we say that Can independent contractors Get ERC credit, There was no ERC available for the full controlled group.