- Full or partial government-mandated shutdowns;
- Capacity limitations;
- Supply chain issues;
- Decrease in working hours to sanitize facilities;
- Shift in hours of operation; and
- Decrease in revenue.
Because COVID mandates forced businesses to make operational changes during the pandemic, the federal government is providing cash refunds through the Employee Retention Credit. But what most businesses don’t understand is that NOT ALL businesses qualify for this incentive.
You don’t qualify just because the pandemic impacted your business. Your industry, state, and circumstances determine whether you qualify for this credit and for how much.