Employee Retention Tax Credit: Asset vs. Shares Purchase Eligibility

For businesses that were, or will be, acquired via share purchase, it's important to be aware that employee retention tax credits are potentially still recoverable, subject to meeting the quarterly performance declines of the ERC program. The same is not true if the business was/is acquired via an asset purchase post 2019 as the reference year for performance declines is 2019 in the program, so an acquisition made after after 2019 wouldn't qualify. Reach out to me if you have any questions about ERC.