Small businesses looking to take advantage of the Employee Retention Credit (ERC) must first assess whether it is appropriate for them to pursue. This is done by carefully reviewing all eligibility requirements and closely following IRS guidance. 

The ERC is intended to support employers who were adversely affected by the pandemic, specifically government orders restricting business activity. For this reason, only employers who meet certain criteria articulated in the CARES Act and clarified by the IRS should apply. Employers retroactively filing for the ERC can avoid risks associated with an improper claim by better understanding their own eligibility and preparing for the possibility of an IRS audit.

Join Experian Employer Services and the US Chamber of Commerce for an overview on ERC eligibility requirements and mistakes to avoid, including how to choose the right advisor to help you throughout the complex ERC process.