Comments on: Owner Wages and Employee Retention Credit  https://evergreensmallbusiness.com/when-owner-wages-become-ineligible-for-the-employer-retention-credit/ Actionable Insights from Small Business CPAs Fri, 19 Nov 2021 18:44:03 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: John https://evergreensmallbusiness.com/when-owner-wages-become-ineligible-for-the-employer-retention-credit/#comment-10592 Sun, 30 May 2021 03:11:35 +0000 http://evergreensmallbusiness.com/?p=13926#comment-10592 Do any of the ERC regulations specify whether or not you can use the same wages to calculate the ERC and the FICA Tip Credit? I have seen references where you cannot use ERC wages for WOTC and other credits but no mention of the FICA tip credit.

]]> By: Stephen Nelson CPA https://evergreensmallbusiness.com/when-owner-wages-become-ineligible-for-the-employer-retention-credit/#comment-10591 Thu, 27 May 2021 16:17:47 +0000 http://evergreensmallbusiness.com/?p=13926#comment-10591 Thanks Dan. I can attest that Ed is a great resource for developing expertise and building understanding. Also great to have Tom’s name too.!

]]> By: Dan Chodan https://evergreensmallbusiness.com/when-owner-wages-become-ineligible-for-the-employer-retention-credit/#comment-10590 Thu, 27 May 2021 16:14:45 +0000 http://evergreensmallbusiness.com/?p=13926#comment-10590 I should mention a couple of great reads on the topic.

Ed Zollars, CPA goes further into the technical aspects of this problem in his blog: https://www.currentfederaltaxdevelopments.com/blog/2021/4/3/tax-advisers-area-51-employee-retention-credit-and-majority-shareholders.

Tom Gorczynski, EA provides a great overall summary and highlights the risks of tax practitioners taking a position if it has no reasonable basis: https://www.tomtalkstaxes.com/p/tom-talks-taxes-april-30-2021

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