Is your business still struggling to recover from the shutdowns, suspensions, supply chain issues, and reduced customer traffic of the last few years? Don't forget to claim your Employee Retention Tax Credits before it's too late. Even if you weren't eligible before, you might be now - and it's easy to find out.Since it was originally passed in 2020, the CARES Act has been amended several times, changing the eligibility requirements for the Employee Retention Tax Credit (ERTC) program. The updated guidelines are explained in a new video launched by Scott Hall, and your eligibility can be determined in 60 seconds or less by answering a few non-proprietary questions.Visit https://vimeo.com/661297978 to watch a short video from ERTC experts explaining changes to the program, and how to claim your credits.As explained in the new video, in 2020 you had the option to enroll in either the Payroll Protection Program (PPP) or the ERTC program, but not both. At the time, the PPP offered employers more potential funds, and so many business owners enrolled in that program, believing it made them ineligible for ERTC.In 2021, when the Consolidated Appropriations Act was passed, it made amendments to the CARES Act, including some changes to the ERTC eligibility requirements. If you enrolled in the PPP, you are now eligible to apply for Employee Retention Credits as well, including making a retroactive claim for wages paid in 2020.To make a retroactive claim, you can either contact an ERTC specialist or fill out and return a 941-X form, which will make amendments to your 2020 filing. The ERTC program has gone through several changes since the CARES Act was passed in 2020, which have increased the amount you can claim, as well as updating the rules for eligibility.While you could claim a maximum of $5,000 per employee, per quarter of 2020, that amount was increased for 2021. The maximum claim amount for wages paid between January and September 2021 is 70% of the first $10,000, or $7,000 per employee, per quarter.Another common misconception held by many employers is that the ERTC is a loan program, like the PPP. This is not true, and any tax credits claimed through the ERTC do not have to be repaid. To find out more about changes to the ERTC and common misconceptions, please read this expert report at https://www.yahoo.com/news/small-business-employee-retention-credit-034400923.htmlA spokesperson for the company said, “This act has now become the second-largest source of providing financial assistance to small businesses during the pandemic. As of today, more businesses can make use of this act.”It's been a tough couple of years for business owners and employees alike. If your business has suffered financial losses or had to temporarily close its doors due to government suspensions and lockdowns, then you're probably eligible for tax credits. Claim them today.Visit https://scotthall.co/employee-retention-tax-credit to learn everything you need to know about the ERTC program, or to take a 60-second quiz to determine your eligibility.