United States
Iowa taxpayers making computer and computer peripheral purchases have new guidance for determining what items qualify for exemption.
The OECD’s guidance illustrates how the pandemic may impact arm’s length results, including lower profits and even losses.
Plan sponsor actions to incorporate the provisions of the SECURE and CARES Acts into their plan documents and plan administration.
Taxpayers should familiarize with Biden’s plan, remain vigilant for developments and position themselves to act at the appropriate times.
States may not allow the gross income tax exclusion provided by the federal program, resulting in taxable discharge of indebtedness income.
Employers impacted by COVID-19 may be eligible for payroll tax credits and deferrals reportable on their quarterly payroll tax returns.
Businesses with San Francisco activity should be prepared to understand a number of recent changes and updates to city tax law.
The Employee Retention Tax Credit was significantly expanded by the federal relief and stimulus package finalized Dec. 27, 2020.
Business and professional services providers should consider whether sales tax collection is necessary in the wake of the Wayfair decision.
Georgia has expanded the state jobs tax credit to apply to businesses hiring telecommuting employees in 2020 or 2021.
A look at the impact of Brexit on tax treaties and on the operation of tax law internationally in the new year.
Learn more about the U.S. attribute reduction rules for stand-alone C corporations and how they apply to federal consolidated return groups.
Some common paid time off (PTO) policy features cause taxable income to unexpected parties at unexpected times. Learn more here.
Members of pass-through entities must conduct thorough modeling to determine whether a workaround is ultimately beneficial.
Updated emergency regulations and revised guidance explains the duration of COVID-19 nexus and withholding policies.
Some European member states are extending the application of the anti-hybrid rules to common non-abusive structures.
China has dominated global supply chains, but with rising labor costs, a U.S.-China trade war and the COVID-19 outbreak, this may change.
Companies contemplating a remote workforce should monitor the potential tax changes in states where employees may live and work.
Form 1099-NEC replaces Form 1099-MISC Box 7 (contractor compensation), but some compensation may be reported on both 1099-NEC and 1099-MISC
Employers may wish to pay Social Security taxes deferred under the CARES Act before the due date and should consider certain items.