Employee Retention Credit

Restaurant manager and worker

Your business may qualify for a refund of up to $26,000 per employee


The Employee Retention Credit (ERC) is a refundable payroll tax credit available to eligible businesses impacted by the COVID-19 pandemic. It was enacted as part of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), and businesses can claim the ERC regardless of PPP loan status.


Use code UMPQUA10 for 10% off ERC services with EY (Ernst & Young).
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Understanding the Employee Retention Credit

Who is eligible to claim the credit? Open/Close icon

There are two methods by which businesses can be eligible for the ERC:

  • Decline in gross receipts
    A business experienced a significant decline in gross receipts. Enter your quarterly details

  • Direct or indirect suspension
    Business operations were disrupted due to government orders affecting the business, suppliers, or customers. Learn more

How valuable is the credit? Open/Close icon

Eligible businesses can receive up to $26,000 per employee in a cash refund ($5,000 per employee for all of 2020 and $7,000 per quarter for the first three quarters in 2021). For example, if a business was eligible in Q2 2020, it will have until June 30, 2023, to apply.

Real World Examples:

Type of Business Eligibility Method Total ERC Employee Count
Local restaurant Eligible employer through partial suspension $210,000 15
Chamber of Commerce Eligible employer through decline in gross receipts $1,400,000 118
Gym Eligible employer through full suspension $250,000 50
Advertising firm Eligible employer through decline in gross receipts $770,000 55
Hospitality Eligible employer through decline in gross receipts $3,000,000 300
Oil and gas Eligible employer through decline in gross receipts $1,000,000 400

The numerical examples are provided for illustrative purposes only. Actual client savings or benefits vary depending on specific fact patterns.


Calculate your ERC with EY

Start by running a free high-level estimate of your potential ERC. Then, sign up and get additional help as needed from EY tax professionals as you determine your business' eligibility and collect your information. After submitting all the required information, EY will return a detailed credit analysis and next steps document within 7 to 10 business days.

Use our discount code UMPQUA10 for a 10% discount off EY’s ERC services.

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