ERC is a refundable tax credit that is a grant, not a loan. Big Think Capital is assisting our clients with various forms of government aid, in particular, the Employee Retention Credit Program (ERC), which was enacted under section 2301 of the CARES Act. The Taxpayer Certainty and Disaster Tax Relief Act of 2020, enacted Dec 27th, 2020, amended the previous legislation and extended the ERC program’s filing period. This new legislation effectively expanded the program’s eligibility requirements and now allows eligible employers to benefit from both PPP and ERC. Many people don’t realize that they are eligible to see significant benefits from ERC!