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Which Industries Can Receive ERC from the CARES Act?

Most industries do 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
Inability to attend trade shows

Health Care

Businesses and nonprofits in the healthcare industry can qualify for the CARES Act Employee Retention Credit (ERC).

Many healthcare companies kept their employees on their paycheck during the COVID-19 pandemic in 2020 and 2021.

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 healthcare businesses include:

Therapists (Speech, Eye, Vision, etc):

A wide range of different professional therapists—from speech to vision—suffered public health restrictions 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 major crisis in the home health sector.

The pandemic “significantly reduced home health agency revenue and impacted agency functional and operations.”

Nearly ALL Home health companies can qualify for the ERC.

Dentists:

Many people skipped the routine cleanings that they were scheduled for at the dentist. 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 healthcare industry businesses and organizations were also adversely affected by the COVID-19 pandemic.

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

Education

The COVID-19 pandemic has had a major impact on education in our country. A large number of schools—from elementary schools to major universities—went fully remote. In some cases, schools were remote for multiple years.

Though, the most disrupted aspect of education was child care:

Child Care Centers (Daycare):

The COVID-19 pandemic put an enormous strain on our nation’s childcare system.

Childcare centers and daycare centers had to deal with incredible public health challenges.

There were also serious business & financial disruptions. According to the U.S. Chamber of Commerce, more than 75 percent of childcare centers nationwide were struggling to break even during 2020 and 2021.

Almost all Childcare centers and daycare facilities can qualify for the ERC.

All other businesses, nonprofits, and organizations in the education industry can also apply for the Employee Retention Credit.

Private Schools and universities
All trade schools.

Transportation

The transportation industry was also heavily impacted by the COVID-19 pandemic and public health restrictions. All aspects of transportation were affected by the situation, from the moving of goods to the moving of people. Businesses within the transportation industry that file for the ERC include:

Trucking logistics;

The COVID-19 pandemic and the public health restrictions had a very uneven effect on the commercial trucking industry. Some small trucking companies and owner-operators suffered financial disruptions. Trucking businesses can qualify for the Employee Retention Credit.

Bus Companies:

During 2020 and 2021, many people were moving around. Bus companies that provide transportation services—both locally and over more significant distances—can qualify for the ERC even if they did not sustain major revenue losses.

Manufacturing Industry

The COVID-19 pandemic disrupted manufacturing. Many facilities were subject to capacity restrictions or other adverse business conditions. Manufacturing employers can qualify for the ERC.

Construction Industry

Any employer in the construction industry that was forced to suspend operations can apply for the ERC tax credit. We help construction industry companies file.

Accommodation & Food Services

Accommodations and food services were heavily impacted by the COVID-19 pandemic—especially during the early stages and during the peak of “waves” when many state and local governments put public health and capacity restrictions in place. The most highly affected business include:

Restaurants & Bars:

The pandemic has had a brutal effect on the restaurant industry. According to a report from Fortune, nearly 100,000 restaurants and bars closed their doors nationwide in 2020 alone. Restaurants and bars that were affected by the pandemic can qualify for the ERC.

Other businesses and organizations in the accommodation and food services sector that can apply for the Employee Retention Tax Credit include the following:

Hotels;
Fast food;
Banquet halls;
Trade shows;
Conference organizers;
Senior living & retirement communities;
Convention centers; and
Country clubs.

Personal Care

There were many rules and regulations in place for the personal care industry. The ERC is available to businesses and organizations in personal care that were subject to public health restrictions during 2020 and/or 2021. Personal care companies that can qualify for the ERC include:

Gym – Health & Fitness:
Beauty salons;
Hair salons;
Massage therapy clinics;
Spas;
Nail salons.

Arts, Entertainment, & Recreation

Not only did people cut back on entertainment and recreational spending during 2020 and 2021, but many state and local governments had health regulations in place that temporarily shut down these businesses or put strict capacity restrictions in place. Companies and organizations in the art and entertainment industry that can qualify for the ERC include:

Cinema;
Theaters;
Dance studios;
Performing Arts Organizations;
Museum & Amusement Parks;
Bowling Centers;
Sports Teams;
Television;
Movies;
Theater productions.

Travel-Related Industry

Travel plummeted during the final three quarters of 2020. Companies that operate in the travel and tourism space—from the people who organize travel plans to the businesses that have tourist-friendly locations—sustained major losses. We help companies in the travel and tourism industry, qualify for the ERC whether or not they suffered revenue losses. These companies include:

Travel agents;
Tour operators.

Offices

With the sharp and sustained rise in remote work, many businesses that operate in offices saw disruptions. All types of office-industry companies can apply for the Employee Retention Credit. Funds may be available for:

Law firms;
Banks;
Financial institutions.

Religious Organizations ( All Non-Profits can Qualify)

You do not have to be a for-profit business to qualify for the ERC. All non-profits can file for ERC benefits. Religious organizations are no exception. The ERC may be available for:

Churches;
Ministries;
Temples;
Other religious nonprofit organizations.

Auto Industry, Moving, Retail

Retail Stores

The pandemic and government restrictions were crushing for some businesses in the retail sector. The following businesses should to determine if they are entitled to an ERC tax credit under the CARES Act:

All Brick and Mortar Stores: While retail spending did not dip dramatically in 2020 and 2021, the nature of retail spending fundamentally changed. A greater percentage of dollars were spent online. Many brick-and-mortar stores were seriously disrupted. Brick-and-mortar retail locations from every part of the industry can apply for the ERC.
Moving Companies:

Fewer people retain moving services during the COVID-19 pandemic. Not only were permanent moves somewhat less common during certain stretches, but more people also did DIY moves. Moving companies qualify for the ERC.

All other retail stores can also apply for the Employee Retention Credit. Some examples of businesses that our team helps seek the ERC include:

Franchisees stores;
Car dealers;
Auto repair;
Car washes;
Dry cleaners;
Furniture stores;
Appliance stores;
Grocery stores;
Liquor stores;
Personal stores;
Gas stations;
Clothing stores;
Jewelry stores;
Florists;
All department Stores

Accommodation & Food Services

Restaurants & Bars: