IRSplus — ERC Tax Credit

Which Industries Can
Receive ERC from
the CARES Act?

Most industries qualify whether or not they suffered revenue losses. ERC qualification is based on multiple government orders from cleaning/sanitizing, capacity restrictions, travel restrictions, vendor to customer restrictions, supply chain disruptions, or inability to attend trade shows. Below is a list of businesses that qualify.

Healthcare

Businesses and nonprofits in the healthcare industry can qualify for the CARES Act Employee Retention Credit (ERC). Many health care companies kept their employees on their paycheck during the COVID-19 pandemic in 2020 and 2021. As a reference point, the American Hospital Association (AHA) estimates that the nation’s hospitals lost a collective $54 billion in net income in 2021 alone. Some of the most highly affected health care businesses include:

Therapists (Speech, Eye, Vision, etc)
A wide range of different professional therapists—from speech to vision—suffered public health restriction during 2020 and 2021.

Physical Therapists
Physical therapists that were negatively impacted by the pandemic can apply for the ERC.

Home Health Care Agencies
Home health care was one of the most highly effective industries. The Partnership for Quality Home Health Care noted that there was a crisis in the home health sector. The pandemic “significantly reduced home health agency revenue and impacted agency functional and operations.” Home health companies can qualify for the ERC.

Dentists
Many people skipped the routine cleanings that they were scheduled for at the dentists. Dental practices suffered a lot of restrictions and many of them saw income declines from COVID-19. Dental offices qualify for the ERC even if they didn’t suffer revenue loss.

Chiropractors
Chiropractors that were subject to public health restrictions can qualify for the Employee Retention Credit.

Medical Transportation
With canceled appointments and the rise of telemedicine during the COVID-19 pandemic, many medical transportation businesses saw sharp declines in revenue.

A wide range of other health care industry businesses and organizations were also adversely affected by the COVID-19 pandemic. IRSplus helps all of the following clients qualify for the Employee Retention Credit:

Hospitals (elective surgeries);
Medical clinics;
Doctors (all practices);
Optometrists;
Nursing homes;
Assisted living facilities;
Outpatient care;
Dialysis centers; and
Psychiatric & mental health professionals.

Healthcare

Therapists (Speech, Eye, Vision, etc)
A wide range of different professional therapists—from speech to vision—suffered public health restriction during 2020 and 2021.

Physical Therapists
Physical therapists that were negatively impacted by the pandemic can apply for the ERC.

Home Health Care Agencies
Home health care was one of the most highly effective industries. The Partnership for Quality Home Health Care noted that there was a crisis in the home health sector. The pandemic “significantly reduced home health agency revenue and impacted agency functional and operations.” Home health companies can qualify for the ERC.

Dentists
Many people skipped the routine cleanings that they were scheduled for at the dentists. Dental practices suffered a lot of restrictions and many of them saw income declines from COVID-19. Dental offices qualify for the ERC even if they didn’t suffer revenue loss.

Chiropractors
Chiropractors that were subject to public health restrictions can qualify for the Employee Retention Credit.

Medical Transportation
With canceled appointments and the rise of telemedicine during the COVID-19 pandemic, many medical transportation businesses saw sharp declines in revenue.