Comments on: Recovery Startup Business Employee Retention Credit: Nine Awkward Questions https://evergreensmallbusiness.com/recovery-startup-business-employee-retention-credit-nine-awkward-questions/ Actionable Insights from Small Business CPAs Wed, 15 Sep 2021 21:01:20 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: Stephen Nelson CPA https://evergreensmallbusiness.com/recovery-startup-business-employee-retention-credit-nine-awkward-questions/#comment-10672 Wed, 15 Sep 2021 21:01:20 +0000 http://evergreensmallbusiness.com/?p=14879#comment-10672 In reply to Gabriel.

Hmmm. I don’t think that version ends the recovery startup business employee retention credit. Take another look. When I trace through the changes, the RSB ERC still exists through end of the year.

]]> By: Gabriel https://evergreensmallbusiness.com/recovery-startup-business-employee-retention-credit-nine-awkward-questions/#comment-10657 Thu, 02 Sep 2021 20:59:12 +0000 http://evergreensmallbusiness.com/?p=14879#comment-10657 H.R. 3684 is going to end the employee retention credit (including the credit for startups) one quarter early, if it passes in the House with the same language that it had when it passed in the Senate.

See Sec. 80604: https://www.congress.gov/117/bills/hr3684/BILLS-117hr3684eas.pdf

]]> By: Stephen Nelson CPA https://evergreensmallbusiness.com/recovery-startup-business-employee-retention-credit-nine-awkward-questions/#comment-10656 Thu, 02 Sep 2021 16:13:03 +0000 http://evergreensmallbusiness.com/?p=14879#comment-10656 In reply to Ken M.

No sorry that 1099 money doesn’t count… but here’s the thing to ponder: If you would qualify for ERC in Q4 due to having a recovery startup business? Maybe you should convert one or more 1099 contractors to employees?

Something to consider…

]]> By: Ken M https://evergreensmallbusiness.com/recovery-startup-business-employee-retention-credit-nine-awkward-questions/#comment-10654 Thu, 02 Sep 2021 13:24:31 +0000 http://evergreensmallbusiness.com/?p=14879#comment-10654 Stephen – Thank you so much for being such a thought leader with a broad view of these applications. In my situation – I meeting the new business opportunity but my existing business has no direct employees (only myself and my spouse as the owners), but several 1099 based individuals that do various services for me, but also for others. Is the money spent with applicable?

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