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Employee Retention Credit Qualified Wages

2020 – 05/11 Can an employer that averaged 100 or less full-time employees in 2019 treat its health plan expenses as qualified wages for purposes of the Employee Retention Credit? The answer is “yes.” According to an updated version of the IRS FAQs about the credit, an eligible employer can count health plan expenses paid or incurred, after March 12 and before January 1, during any period in a calendar quarter in which the employer’s business operations are fully or partially suspended due to a governmental order. The credit is available under the Coronavirus Aid, Relief and Economic Security (CARES) Act. For more information, visit http://bit.ly/3btrtTH

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