Updated March 9, 2021. The Employer Retention Credit (ERC) hasn’t got very much attention compared to the renewal of the PPP program, but most camps can likely receive tens of thousands of dollars from this program. Up until now, almost every camp has ignored the ERC program because the CARES act allowed you only to pick either PPP or ERC, not both. Pretty much every camp chose PPP and rightfully so. With the December stimulus bill, that all changed and the exclusion was lifted. Now anyone who got a PPP can claim the ERC too.
Breaking down the Employer Retention Credit
Updated March 9, 2021. The Employer Retention Credit (ERC) hasn’t got very much attention compared to the renewal of the PPP program, but most camps can likely receive tens of thousands of dollars from this program. Up until now, almost every camp has ignored the ERC program because the CARES act allowed you only to pick either PPP or ERC, not both. Pretty much every camp chose PPP and rightfully so. With the December stimulus bill, that all changed and the exclusion was lifted. Now anyone who got a PPP can claim the ERC too.
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