Aug 10, 2021
The IRS issued a safe harbor allowing employers to exclude certain items from their gross receipts solely for determining eligibility for the Employee Retention Credit:
- The amount of the forgiveness of a Paycheck Protection Program (PPP) Loan
- Shuttered Venue Operators Grants under the Economic Aid to Hard-Hit Small Businesses, Non-Profits, and Venues Act
- Restaurant Revitalization Grants under the American Rescue Plan Act of 2021
