ERC Specialists

  PPP loan and ERC are different tax relief provisions under the CARES Act. Both of these loans provide an opportunity for small business owners to avoid permanent closers.  An employer can benefit from these loans once they have qualified under the imposed condition to apply for these loans.  Both of the loans were mainly targeted to help the small business owners, so sometimes employers wonder whether they can get the benefits of both loans. If you wonder about it too, the answer lies under section 206 of the Taxpayer Certainty and Disaster Tax Relief Act of 2020. What Does The Taxpayer Certainty And Disaster Tax Relief Act Say? Under the law, an employer eligible for the ERC can claim the credit, even if the employer already has received a Small Business Interruption Loan under the PPP.  But there is a condition that all the employer looking to claim both of the loans needs to understand, and that is-  The eligible employer can only claim the ERC or any qualified wages that have not