Manufacturers across the country are meeting this unprecedented moment by repurposing their production capabilities from standard output into much-needed supplies for the fight against coronavirus. Whether it’s a local distillery…
Certain Midyear Employee Benefit Changes Temporarily Allowed Due to Coronavirus
Employees now have the opportunity to make changes to qualified benefit elections or newly enroll in an employer-sponsored section 125 plan throughout the remainder of 2020. The IRS introduced this…
CARES Act: International Tax Implications of NOL Rule Changes
In a previous post, we discussed some of the tax implications and opportunities for business taxpayers as a result of the CARES Act, including allowance of net operating loss (NOL)…
Stimulus Payment FAQs: Submitting Direct Deposit Info, Returning Payments to Deceased, Proper Dependent Treatment and More
The IRS reports that approximately 130 million of the expected 150 million stimulus payments have already been distributed. There are a number of reasons why certain eligible taxpayers have yet…
Payroll Guide to COVID-19 Tax Relief
Editor’s note: For a comprehensive guide to all four pandemic relief acts, download the COVID-19 Relief Summary for Employers, which tracks the evolution of certain provisions and introduces new benefits….
