Yes. In order to qualify for the Employee Retention Credit (ERC) program, your business must meet at least one of the following criteria:
- Experiencing a decline in gross receipts by 20%,
- Having to make changes to your business operations as a result of government orders.
It’s important to note that various changes in business operations may be considered, such as changes in job roles and the acquisition of additional protective equipment.
References
- Internal Revenue Service (IRS)
https://www.irs.gov/coronavirus/employee-retention-credit - The CARES Act
https://www.congress.gov/116/bills/hr748/BILLS-116hr748enr.pdf - American Institute of CPAs
https://www.aicpa.org/content/dam/research/research/taxpolicyandeconomics/downloadabledocuments/2021/2021-03-03-employee-retention-credit.pdf - Employee Retention Tax Credit: What You Need to Know
U.S. Department of the Treasury
https://home.treasury.gov/system/files/136/Employee-Retention-Tax-Credit.pdf