Ideas & Insights

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

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.