The IRS has announced an immediate moratorium, at least through the end of 2023, for processing new claims for the employee retention credit.
Oopsie! California wages aren’t reduced for Employee Retention Credit
According to 2020 FTB Publication 1001 (Revised November, 2021), page 13, the federal reduction of wages doesn't apply on the California income tax return.
Employers claiming employee retention credit and digital currency owners hit by Infrastructure and Jobs Act
I'm going to focus on two tax provisions of the Infrastructure and Jobs Act that I expect will have the broadest impact.
IRS employee retention credit guidance confounds tax professionals
According to the Notice, whether wages of controlling owners of a business and their spouses qualify for the employee retention credit depends on whether they have certain relatives.