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Revisiting (Again!) Shareholder Wages and the ERC

Revisiting (Again!) Shareholder Wages and the ERC

See this post from Federal Tax Developments, which I think changes my mind on this subject. https://www.currentfederaltaxdevelopments.com/blog/2021/4/3/tax-advisers-area-51-employee-retention-credit-and-majority-shareholders

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The National Association of Tax Professionals addressed the subject of shareholder wages and the employee retention credit in their weekly news alert last week.

In the “You Make the Call” …

FFCRA Leave and the PPP

FFCRA Leave and the PPP

The Families First Coronavirus Response Act (FFCRA) requires businesses with fewer than 500 employees to provide 2 weeks of paid sick leave to employees who contract COVID-19. The employer then receives a tax credit for those wages paid.

Other nuggets about the leave:

The …