President Donald Trump said Monday that his administration will ask Congress to approve a possible payroll tax cut and provide "very substantial relief" for hourly workers and industries hit by the COVID-19 outbreak. "We are going to be asking tomorrow -- we're seeing the Senate. We're ...
3.Refundable Tax Credits- Employers may also take advantage of certain refundable tax credits available for payroll taxes for employees impacted by Covid-19. 4.General Relief- If you simply need assistance with resolving issues with the Internal Revenue Service (IRS), we resolve issues, including:...
To help employers contend with the uncertainty and challenges brought on by the COVID-19 outbreak, recent legislation has made new relief opportunities available. We outline the details of three of these opportunities—theemployee retention tax credit(ERTC), the paid sick leave credit, and the pai...
designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing coronavirus-related leave to their employees. This relief to employees and small and midsize businesses is provided under the Families First Coronavirus Response Act (Act), signed into law...
BERLIN, Feb. 16 (Xinhua) -- The German government on Wednesday approved the draft of the fourth COVID-19 tax relief act that would bundle economic and social measures to cushion the impact of the pandemic. Rewarding the "special efforts of care workers during the pandemic," employees in the...
IRS Grants Relief for COVID-19 Disruptions on Tax Residency: Time Rules Are Eased for the Substantial Presence Test for Foreign Citizens in the US and the Foreign Earned Income Exclusion for US Citizens AbroadThe IRS provided relief to individuals and businesses whose tax residence might be ...
SIFMA Requests Extension for Effective Date of PTP Regs March 3, 2021 Publications An Energy Kick: The Extension of Energy-Related Tax Incentives Tax Notes Federal | PDF February 26, 2021 Article COVID-19 Relief for Employees Who Participate in Flexible Spending Accounts February 26, 2021...
In accordance with the Stafford Act of 1988, the Federal Emergency Management Agency (FEMA) must coordinate administrative support and assistance to all 50 states for federally declared disasters. This comes with postponements, tax relief, deferrals, and other tax-related changes. For CPAs and profe...
Appointment of VAT Collectors for E-Commerce Parties Delivering Intangible Taxable Goods and/or Services to Customers in Indonesia June 2020: Tax Alert (English) Tax relief provided for taxpayers contributing to the battle against COVID-19
An expansion of student loan benefits in the Coronavirus Aid, Relief, and Economic Security (CARES) Act provides an allowance for employers to help employees make student loan payments that are tax-deductible to the employer and tax-free to the employee. Taxpayers with the ability to manage thei...