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. the full or partial suspension of the operation of their trade or business during any calendar
quarter because of governmental orders limiting commerce, travel, or group meetings due to
COVID-19,
. the full or partial suspension of the operation of their trade or business during any calendar
quarter because of governmental orders limiting commerce, travel, or group meetings due to
COVID-19,
1) is state of NY in this category for the entire 2nd quarter of 2020?
2) even for essential business? or it matters between phase 1,2,3,& 4?
3) is the payroll of an 100% shareholder of an S corporation also considered Qualified wages?
4) Does the retention credit ends on the day of the suspension relief even within a Quarter?
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. a significant decline in gross receipts.
A significant decline in gross receipts begins:
• on the first day of the first calendar quarter of 2020
• for which an employer’s gross receipts are less than 50% of its gross receipts
• for the same calendar quarter in 2019
. a significant decline in gross receipts.
A significant decline in gross receipts begins:
• on the first day of the first calendar quarter of 2020
• for which an employer’s gross receipts are less than 50% of its gross receipts
• for the same calendar quarter in 2019
does this rule apply also to non for profit?
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