Signature Tax Event 2022 Deck FINAL | Seite 60

Determining if the organization qualifies is critically important

Qualification for the ERC hinges on two tests

• Quantitative / Bright-line test :

Gross Receipts Decline Q2 / 3 / 4 2020 , and / or Q1 / 2 / 3 2021 as compared to 2019 quarters

• Qualitative test :

An essential business may be considered to have a partial suspension of operations if , under the facts and circumstances , more than a nominal portion of its business operations are suspended by a governmental order

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