ERC Document Checklist

ERC Document Checklist

Phase I

  1. Income Statements/Gross Receipts Support – For 2019, 2020, and 2021
  2. Annual Payroll Reports – By employee by check date for 2020 and 2021

Phase II

  1. PPP Forgiveness Applications – Round 1 and Round 2 (if applicable)
  2. Quarterly Form 941 Filings – 2019, 2020, 2021
  3. Business Tax Returns – 2019, 2020, 2021, 2022 (if filed already)
  4. Copy of ID, front and back

Phase I

  1. Income Statements/Gross Receipts Support – For 2019, 2020, and 2021
  2. Annual Payroll Reports – By employee by check date for 2020 and 2021

Phase II

  1. PPP Forgiveness Applications – Round 1 and Round 2 (if applicable)
  2. Quarterly Form 941 Filings – 2019, 2020, 2021
  3. Business Tax Returns – 2019, 2020, 2021, 2022 (if filed already)

Phase I

  1. Form 941-X Filings – For all eligible ERC quarters
  2. ERC Engagement Letter or Contract
  3. Shut Down Memo (if applicable)

Phase II

  1. Quarterly Profit & Loss – 2019, 2020, 2021
  2. Annual Payroll Report – 2020 and 2021
  3. Void or Cancelled Check – The check must match the bank statements
  4. Quarterly Form 941 Filings – 2019, 2020, 2021
  5. Business Tax Returns – 2019, 2020, 2021, 2022 (if filed already)
  6. PPP Forgiveness Applications – Round 1 and Round 2 (if applicable)
  7. Copy of ID, front and back

Apply for ERC today with NEWITY

To qualify for an SBA 7(a) small business loan, your business must be:

  1. U.S.-based and operated
  2. Owner supported / owner funded
  3. Eligible per the SBA’s requirements

Your loan amount will determined by the business’ average annual revenue, FICO score, and years in business