Ideas & Insights

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

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

IRS postpones certain filing, payment and other deadlines for taxpayers affected by Hurricane Ida in Pennsylvania.

IRS postpones certain filing, payment and other deadlines for taxpayers affected by Hurricane Ida in Mississippi.

IRS postpones certain filing, payment and other deadlines for taxpayers affected by Hurricane Ida in New York and New Jersey.

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.

IRS postpones certain filing, payment and other deadlines for taxpayers affected by Hurricane Ida. IRS provides additional relief.

Notice 2021-49 provides answers on previously uncertain issues and addresses changes implemented in the American Rescue Plan Act.

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.

Notice 2021-42 provides guidance for cash payments from foregone vacation, sick or personal leave made by employers to charities.

New Jersey budget deal commits less than 5% of the state’s budget surplus to tax relief, ignoring mobile individuals and businesses.

COVID-19 legislation permits taxpayers to provide tax-free payments for certain student loan payments through 2025.

ARPA requires health plans to provide employees with six months of free COBRA coverage due to hours reduction or involuntary termination.

IRS warns taxpayers claiming self-employment tax exemption under IRC section 1402(a)(13) to be mindful of adverse Tax Court precedent.

There are many things to consider when sending employees abroad on short-term assignment. Here’s the top things you should keep in mind.

White House closes the door on DOL classification of gig workers as independent contractors; reinstalls prior multi-factor test.

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.

IRS Issued Notice 2021-24 to extend relief for failure to deposit employment taxes for employers anticipating credits.

The Iowa Department of Revenue advises taxpayers that Employee Retention Credit-related wage deduction reductions apply at the state level.

Managing significant tax changes will ensure individuals and businesses are positioned for success for the remainder of 2021 and beyond.