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Coronavirus (COVID-19): Claim the Employee Retention Credit (ERC) Checklist

Author: XpertHR Editorial Team

When to Use

The Coronavirus Aid, Relief and Economic Security Act (CARES Act) created the Employee Retention Credit (ERC). The ERC is a tax credit designed to help eligible employers keep workers on their payrolls, increase available cash flow and provide economic stability despite the financial hardship caused by the coronavirus (COVID-19) pandemic. It applies to qualified wages paid during the period from March 13, 2020, through December 31, 2020.

An employer impacted by the COVID-19 crisis may use this checklist to determine whether it is eligible for the ERC and, if it is, to properly claim the credit and ensure it assembles and maintains all records required by the CARES Act. Employers should complete the following steps in sequential order.

Customizable Checklist