A research team atDeutsche Bankhas proposed thatpeople still working from home after the pandemic pay a 5% tax, with the funds being used to subsidize the income lost by lower-paid earners due to the coronavirus crisis. Luke Templeman, a strategist at the investment bank, said a tax on rem...
Working from home is a convenience employees don't want to surrender, according to recent poll. Conducting business from your home is still an option is you're self-employed, and you also might be able to claim the home office tax deduction. Working from home has its own unique distractions...
The IRS has provided payment and filing relief to expatriates. Here is what you need to know. The Internal Revenue Service issued on April 9thNotice2020-23, which provides additional filing relief to taxpayers impacted by the coronavirus, including those working abroad. The filing deadline for im...
Roughlya quarter of working Americansdon't have paid sick leave, according to the Bureau of Labor Statistics. Low-income Americans are much more at risk — only 31% of the bottom tenth of wage earners get paid sick days, while 94% of the highest earners enjoy the benefit. Further, 54% ...
HALF OF WORKING AMERICANS MIGHT NOT HAVE A PAYCHECK IN MAY The higher layoff rate among hourly employees was likely driven by the impact of the virus on service industries like restaurants, bars and hotels. The vast majority of workers in food, beverage, accommodations and salon and spa indust...
If the employee already has healthcare, the employer should treat the employee as if he or she is working. For employees who are not yet eligible for benefits (because they were recently hired, for example), employers should count the time away from work tow...
On March 27, 2020, Congress adopted, and President Trump signed into law, the Coronavirus Aid, Relief, and Economic Security Act (the Act). While the Act includes economic relief through a variety of means, this alert focuses on the significant business tax provisions contained...
On March 27, 2020, Congress adopted, and President Trump signed into law, the Coronavirus Aid, Relief, and Economic Security Act (the Act). While the Act includes economic relief through a variety of means, this alert focuses on the significant business tax provisions conta...
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Within two weeks of taking up his position at a financial software company, he was working from home. A month later, he wasn’t working at all. “It was a Monday night,” he says, describing a routine familiar to many of themore than 40m Americansunemployed or furloughed during thecoro...