We are monitoring a bill in Congress that would make the deadline for all Employee Retention Credit (ERC) claims January 31st, 2024. Until there is further clarification on the progress of this bill, we are no longer accepting new applications. If you have any questions, please reach out to us at support@ercfulfillment.com
The construction industry suffered considerable slowdowns during the COVID pandemic. There are numerous ways that construction businesses can qualify for ERC.
Did you suffer any of the following?
Staffing shortages also hit the construction industry. In fact, many businesses reported being unable to get enough construction workers. According to Hub International, the construction industry lost 1 million workers in the early days of the pandemic and were short by almost a quarter of a million in early 2022. OSHA requirements that construction companies identify and isolate workers with suspected COVID has certainly prevented them from fully staffing jobsites as needed.
Even if one key subcontractor couldn’t find enough bodies to work, an entire project could temporarily grind to a halt.