Understanding The Classification Between PPP Loans and ERC


 

The Covid-19 pandemic has led to the closure of 34% of the small businesses in the United States in 2020. The US government issued the Coronavirus Aid, Relief, and Economic Security (CARES) act, as there were many business losses during the pandemic. In addition, the CARES Act established the Paycheck Protection Program (PPP) and the Employee Retention Credit (ERC). This blog provides an outline of the PPP and ERC. It further evaluates the distinguishing factors between the Paycheck Protection Program and the Employee Retention Credit. And provides a clear line of  difference between PPP and ERC.



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#differencebetweenPPPandERC #coordinatingERCandPPP #ERCandPPP2022 #ERCandPPPin2022

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