Recent IRS clarification is now out for applying the ERC retroactively to PPP borrowers.

Recent IRS clarification is now out for applying the ERC retroactively to PPP borrowers. The IRS advises borrowers to amend the applicable employment tax returns for each affected quarter. You can read the IRS guidance here:

https://www.irs.gov/.../didnt-get-requested-ppp-loan...

Not sure if this applies to your company situation? Reach out to our leadership team at info@ejccpa.com.