United States
Employees working remotely due to the COVID-19 pandemic may result in income tax consequences to both the employee and the employer.
Businesses feeling the economic distress of COVID-19 should consider how to maximize cash flow and stay current with state tax
A sales tax bad debt analysis and review can provide necessary cash flow for many businesses in a distressed economy.
Understanding the myriad of Net Operating Loss rules and regulations is increasing important, especially in a distressed economy.
Taxpayer Advocate Service is wrestling with a backlog of cases trying to navigate the changing environment of the pandemic.
The IRS revises Form 6765 so in 2021 taxpayers cannot use the same wages to calculate both the R&D credit and the employee retention credit.
Small businesses that experienced losses in 2020 due to COVID-19 are eligible for grants ranging up to $250,000.
Rev. Proc. 2021-33 allows exclusion of PPP, restaurant revitalization and shuttered venue operator grants from ERTC gross receipts test.
Three years after the Wayfair decision, economic sales tax nexus has become the norm, but unanswered questions and numerous issues remain.
Some employers can give paid leave to employees impacted by COVID in 2021 and claim a payroll tax credit per the American Rescue Plan Act.
Small Business Administration, in light of lawsuit, notifies PPP lenders that loan necessity questionnaire is withdrawn.
California FTB amends remote worker nexus guidance, teleworking employees will create nexus and exceed P.L. 86-272 protections.
Guidance extends continuity safe harbors for Investment Tax Credit and Production Tax Credit if construction began between 2016-2020.
Notice 2021-42 provides guidance for cash payments from foregone vacation, sick or personal leave made by employers to charities.
Provides guidance into the extended approval of exemptions for distilled spirits permittees to facilitate hand sanitizer production.
Partnerships making certain narrow, and specified changes, may not need to file administrative adjustment requests.
COVID-19 legislation permits taxpayers to provide tax-free payments for certain student loan payments through 2025.
Virtual workforce opportunities have allowed employees to become transient, potentially increasing or reducing your state tax obligations.
ARPA requires health plans to provide employees with six months of free COBRA coverage due to hours reduction or involuntary termination.
States may not allow the gross income tax exclusion provided by the federal program, resulting in taxable discharge of indebtedness income.