If your business had between 5 and 500 W-2 employees and were in business between February 15, 2020 and September 30, 2021 you may qualify for up to $26,000 per employee.
The statue of limitations for filing amended payroll tax returns is three years from the due date of the return, meaning to apply for the Employee Retention Credit for the 2nd quarter of 2020, the amended return needs to be submitted by July 2023.
Yes. Under section 206(c) of the Taxpayer Certainty and Disaster Tax Relief Act of 2020, an employer that is eligible for the employee retention credit (ERC) can claim the ERC even if the employer has received a Small Business Interruption Loan under the Paycheck Protection Program (PPP).