Ideas & Insights

IRS postpones certain filing, payment and other time sensitive deadlines for taxpayers affected by Texas winter storms.

Effective January 1, Oregon businesses and individuals in the Portland area have additional regional and county taxes on income and wages.

Employers impacted by COVID-19 may be eligible for payroll tax credits and deferrals reportable on their quarterly payroll tax returns.

The DOL has issued final regulations on the FSLA’s rules for independent contractors including gig workers, but it may be repealed.

The Employee Retention Tax Credit was significantly expanded by the federal relief and stimulus package finalized Dec. 27, 2020.

In response to the COVID-19 pandemic, Notice 2021-7 allows taxpayers to switch valuation methods for employer-provided vehicles.

Updated emergency regulations and revised guidance explains the duration of COVID-19 nexus and withholding policies.

While guidance for PPP loan forgiveness and accounting continues to create new sets of questions, RSM specialists discuss pressing issues.

New Hampshire files challenge over Massachusetts regulation taxing telecommuting nonresidents with U.S. Supreme Court.

Tax planning opportunities for consideration in light of COVID-19, the resulting economic crisis, and evolving tax laws and regulations.

The final regulations issued by the IRS provide guidance for meal and entertainment deductions under section 274.

The final version of Form 941-X Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund has been released by the IRS.

Following the President’s memo on August 8, Treasury releases very short Notice 2020-65 delaying the deadline for employee FICA tax.

The future of state and local incentives in a post-pandemic economy will be highly influenced by remote workforces – states may act soon.

An executive order was issued directing the deferral of payroll tax payments. Follow up guidance from the Treasury Department is expected.

New legislation allows nonprofit employers to pay 50% of their unemployment reimbursing payment obligations to states.

These treasury regulations affirm the statutes the IRS will use to assess, reconcile, and recapture the COVID-19 payroll tax credits.

Seattle payroll expense tax to be imposed on employee compensation of at least $150,000 for businesses with $7 million or more in payroll.

Notice 2020-46 provides guidance for cash payments from foregone vacation, sick or personal leave made by employers to charities.

Depleted trust fund balances due to COVID-19 may cause state legislatures to act now to prevent further reductions.

Section 4960 proposed rules add examples and clarity while generally following interim guidance and providing taxpayer-friendly exceptions.

President held personally liable for unpaid income tax withholding even after another corporate officer found responsible.

The IRS has issued updated questions and answers regarding CARES Act employee retention credits for employers impacted by COVID-19.

Employers should use the updated Form 941 to properly report new CARES Act and FFCRA credits beginning in the second quarter of 2020.

Congress authorizes additional $310 billion for PPP; SBA issues additional eligibility guidance for hedge funds and private equity.

Emergency regulations and technical guidance provide clarifications for telecommuter withholding and nexus safe harbors.

Many employers are transitioning to virtual internship programs due to the COVID-19 crisis. Understand the state and local tax consequences.

State tax cash-flow maximization and risk minimization are available for private equity groups and their portfolio companies.

Employer social security payroll tax payment deferral for taxes incurred from March 27th through Dec. 31, 2020.

The IRS recently issued 66 FAQs addressing payroll tax credits for COVID-19-related paid family and sick leave.

The Department of Labor has issued updated questions and answers regarding paid leave for employees impacted by COVID-19.

Basic questions answered to help taxpayers interpret and claim the Employee Retention Tax Credit of the CARES Act.

Employees working remotely due to the COVID-19 pandemic may result in income tax consequences to both the employee and the employer.

State and local tax filing and penalty relief guidance in response to COVID-19 has accelerated as deadlines approach.

Act contains broad relief for individuals and businesses; includes funding vehicles, recovery payments, and modifications to TCJA provisions

On March 19, the U.S. Senate released the third round of emergency assistance resulting from the 2020 COVID-19 pandemic.

Congress passes the Families First Coronavirus Response Act that mandates paid leave for employees impacted by COVID-19.

Six weeks after enacting significant tax changes, the Utah legislature and governor repealed the entire tax reform package.

Taxpayers with filing deadlines should carefully consult state taxing authority rules and regulations on timing filings.

The IRS publishes applicable annual limitations and maximums for retirement plans, resulting in small increases for 2020.

Amnesty programs will run through Nov. 15, 2019, and offer qualifying taxpayers complete waiver of interest and penalties.

Rate reduction triggered after revenue metrics achieved; draft TCJA guidance published addressing the personal income tax.

San Francisco voters approved Proposition C, the Homelessness Gross Receipts Tax Ordinance, effective Jan. 1, 2019.

Payroll tax aimed at offsetting state and local tax deduction cap for individuals begins to take shape; election required for 2019.

Michigan Department of Treasury issues guidance regarding a purchaser’s successor liability for the unpaid taxes of an acquired business.

Businesses with multistate employees should understand the reporting and remittance nuances of a complex unemployment taxing regime.

Employer leave-based donation programs let employees forgo personal leave in exchange for cash payments to charities for hurricane relief.

Over the past decade, Congress has seen mobile workforce bills introduced in each session like clockwork. The intent of mobile workforce is to ...

Employers seeking to attract and retain the best employees often turn to creative incentives around vacation and sick leave policies.

Is your company a C corporation that may be undergoing a change in control? If so, you should be aware of the potential adverse tax consequences ...

Universal Paid Leave Amendment Act of 2016 provides for one of the most expansive paid employee and family leave protections in the country.

A growing workforce requires human resources, payroll and tax to work together. Learn risks and opportunities that come with new employees.

It is not uncommon for employers to experience issues in remitting amounts due for payroll taxes. Often, these issues go unnoticed by the employer ...

Mistaken ideas about the Work Opportunity Tax Credit keep many employers from realizing tax savings. Read about 5 myths here.

It is the age-old conundrum for a small business owner: making the determination as to whether your worker is an independent contractor or an ...

Companies often overlook payroll and employment taxes during transactions. Learn how to avoid this potentially costly mistake.

Improve compliance and maximize tax savings. Learn how RSM can provide strategic and tactical support for your payroll and employment taxes.