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my client got pp-loan & he has claimed employee retention credit on pay-roll form 941 = can he claim both credits ???

VYASVYAS33
Level 2

my client got pp-loan 

he has also claimed employee retention - tax credit on pay-roll form 941

can he claime both credits ????

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1 Reply 1
Just-Lisa-Now-
Level 15
Level 15
A quick google search for "PPP vs ERC" give you some reading material. But heres something from QuickBooks
https://quickbooks.intuit.com/small-business/coronavirus/resources/employee-retention-credit-vs-ppp/

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪