No - a forgiven PPP loan is backed out of gross revenue when determining if a business showed a decline in revenue that makes it eligible for the Employoee Retention Credit.
With our ERC Calculator, you can quickly see if your business qualifies to receive ERC.
“For purposes of determining whether an eligible employer is a large eligible employer or a small eligible employer, eligible employers are not required to include full-time equivalents when determining the average number of full-time employees.”