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How Safe Harbor Helps Organizations to Qualify for the Employee Retention Credit

How Safe Harbor Helps Organizations to Qualify for the Employee Retention Credit

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September 2021

Recent changes to the Internal Revenue Code (IRC) have made it possible for organizations to qualify for the Employee Retention Credit (ERC). This change can have a big impact on whether organizations can qualify using Safe Harbor. The Rev. Proc. 2021-33, issued on August 10, improved the information available about the ERC, which provides safe harbor for PPP loan forgiveness treatment as well as ERC coordinated grants, clarifying gross receipts when qualifying for the ERC. But what will this do for your organization?

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