.כידוע, הממשל הפדרלי אימץ והוציא אל הפועל מספר מסלולי הטבה לעסקים שנפגעו בעקבות משבר הקורונה

-המאמר המצורף מתאר את יחסי הגומלין בין ההטבות השונות ובפרט כיצד הטבת ה

Paycheck Protection Program

  .משפיעה על הטבה אחרת- זיכוי המס בגין משכורות ששולמו

.ליצירת קשר בנושא, אנא פנו לאפרים שמיידלר ואהרון כץ, עורכי דין במחלקת התאגידים במשרדנו בתל אביב

The IRS has released a set of Frequently Asked Questions (FAQ) regarding the employee retention tax credit under the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). One of the surprises contained in the FAQ is that if a company receives a Paycheck Protection Program (PPP) loan, then all companies that share common ownership will not be eligible for the employee retention credit.

The employee retention credit allows a 50% tax credit to a company for wages paid to employees during the period its operations have been fully or partially suspended due to a COVID-19 governmental order, or during a calendar quarter there has been a significant decrease in gross receipts (a 50% decrease in gross receipts from the same 2019 calendar quarter until gross receipts recover to more than 80% from the prior year calendar quarter). If the company has more than 100 employees, the credit is only allowed for wages paid for the time an employee is not performing services. The maximum credit is capped at $5,000 per employee.

This credit is available to any company paying wages to employees in the U.S. (and U.S. territories), regardless of size, except for a company that has received a loan under the PPP. Because there is no limit on the size of a company eligible for this credit, the employee retention credit is the primary COVID-19 tax incentive for a company with more than 500 employees to continue paying its workers while business operations are suspended due to a governmental order, or a company that has suffered a significant decline in gross receipts (because a company with more than 500 employees is not eligible for a PPP loan).

For more information and updates on the developing situation, visit GT’s Health Emergency Preparedness Task Force: Coronavirus Disease 2019 or Health Emergency Preparedness Task Force:GT’s COVID-19 Economic Stimulus Team.

Read the full GT Alert “PPP Loan Will Cause Related Company to Be Ineligible for CARES Act Employee Retention Tax Credit”