The window for filing ERC claims has closed — the final deadline, for 2021 quarters, passed on April 15, 2025. ICS does not take on new ERC engagements. This case study is kept as a record of past work.
Many businesses received government mandates to shut down while facing reduced revenues during the COVID-19 pandemic. To provide aid to the most vulnerable businesses, our legislators provided the Employee Retention Tax Credit (ERC) to encourage employers to retain their employees during the COVID-19 pandemic. The ERC is available to businesses in numerous industries that suffered from government shut down orders, faced reduced revenues, or were impacted by supply chain issues.
Our latest ERC experience includes an assisted living community that was mandated to stop showing its facilities to potential residents and otherwise lost revenues due to COVID-19 related issues. ICS analyzed their eligible wages and calculated their ERC claim for the 2020 calendar year.
| Q1 Eligible wages | $123,764 | Q1 Credit | $61,631 | |
|---|---|---|---|---|
| Q2 Eligible wages | $233,771 | Q2 Credit | $116,885 | |
| Q3 Eligible wages | $112,974 | Q3 Credit | $56,489 | |
| Q4 Eligible wages | $49,126 | Q4 Credit | $24,563 |
The total eligible wages were $519,635, which qualified for a total credit of $259,567 for the year 2020.
The window for filing ERC claims has since closed: the last deadline, for 2021 quarters, passed on April 15, 2025.