Research suggests that the professional services industry has lost over $15 billion in revenue related to the COVID-19 pandemic. The impact has been enormous both emotionally and financially. While nothing can change what’s happened, Congress did pass the CARES Act and the Employee Retention Credit program to help. Understanding these rules and ensuring medical office owners get the maximum ERC credit is why Parksettlement was created.
No matter what industry your business operates in, Park Settlement is here to help. Many businesses and industries were heavily impacted by the COVID-19 pandemic. If your business experienced the following due to COVID-19, you may qualify for the Employee Retention Credit program.
A 20% or more decline in gross receipts
A full or partial suspension of operations due to government issued orders