We use cookies to improve your experience and optimize user-friendliness. Read our cookie policy for more information on the cookies we use and how to delete or block them. To continue browsing our site, please click accept.
healthcare employee retention credit

Employee Retention Credit (ERC) - Are You Eligible?

Check Your Eligibility


Has Your Healthcare Organization Performed a Review Of Eligibility for the ERC?

The Employee Retention Credit (“ERC”), is a refundable payroll tax credit for qualifying employers and is irrespective of any FEMA funds received or costs incurred.

On December 27, 2020, the President signed the Consolidated Appropriations Act (CAA), which includes additional government relief funding and myriad tax provisions, including new benefits.

ERC Benefits Include:

  • Extends the wage period so that it applies to qualified wages paid during the first two calendar quarters of 2021.
  • Lifts the ban on claiming the ERC if an employer also obtained a loan under the paycheck protection program (PPP), and this change is retroactive to March 13, 2020.
  • The credit percentage and per-employee limitation have been increased.
  • Eligibility has been expanded.
  • Qualified wages for 2021 have been moved to make it more favorable for employers with up to 500 full-time employees (FTEs).
  • The CAA prevents larger employers from obtaining advance payments of the ETC (i.e., advance payments for the ERC to the extent it exceeds the amount of employment tax deposits for the relevant quarter) in 2021.
  • Group healthcare costs now count as qualified wages even if no other wages are paid to an employee.
  • Original March 2020 Cares Act ERC eligibility for claiming the refund is still available!

Don’t miss out – Withum healthcare entity ERC refunds since March 2020 include $10M, $5M, $1.5M, and $350K. Find out if you’re eligible now.

Real-Life Examples of Withum's ERC Refunds

A suburban 500+ licensed bed academic teaching hospital that also includes a medical teaching faculty practice component.

- Received ERC of approximately $5M

Business Tax Services

Get news updates and event information from Withum