The employee retention credit (ERC) expired for most businesses on Sept. 30, 2021, but some eligible businesses can still claim it retroactively.
The ERC was a critically important relief COVID-19 pandemic relief program to help employers negatively impacted by government emergency orders.
Considering businesses have three (or five for certain periods) years before the statute of limitations expires for the filing of an amended return, you and your clients may want to review the ERC eligibility requirements for retroactively claiming the credit.