ERC Significant Decline in Gross Receipts Question

Technical topics regarding tax preparation.
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24-Jul-2018 4:44pm
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Cleveland Ohio
If buyer acquired twos businesses as of May 1, 2021, and they have access to the Company’s financials from 2020, is the correct way to calculate whether there was a significant decline in gross receipts to compare May and June 2021 against May and June of 2020? It seems so based on the Notice. Just wanted to check. Thanks.
 

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