paul watkins

paul watkins

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  Can independent contractors Get ERC credit or not? (350 views)

15 Aug 2023 15:26

Working as a contractor what are the chances of getting ERC, if not appropriate method what about a PPP loan or any alternative?

paul watkins

paul watkins

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Dan smith

Dan smith

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dans36934@gmail.com

4 Sep 2023 20:36 #1

This is no longer the situation as of the Consolidated Appropriations Act of 2021. The Act allows for the ERC to be applied retroactively for 2020 as well as its extension and expansion for the first two quarters of 2021. As a result, a contractor that was disqualified from receiving an ERC for 2020 because it or a controlled member obtained a PPP loan may now be qualified. The Act has also drastically loosened the ERC requirements for 2021. Still, the answer to this Can independent contractors Get ERC credit or not? The question is no.

Dan smith

Dan smith

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