Your search returned 157 results.

ASAP
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June 12, 2020

IRS Issues Guidance on PTO Donations to Charity

In Notice 2020-46, the IRS explains how employees can forgo their paid time off balances to allow their employers to make donations to charities that are assisting individuals impacted by the COVID-19 pandemic.

Insight
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May 27, 2020

Agencies Issue New Interim Final Rules on PPP Loan Forgiveness and Loan Review Process

On May 22, 2020, the SBA and Department of the Treasury issued two Interim Final Rules implementing the Paycheck Protection Program (PPP) provisions of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

Insight
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May 20, 2020

Paycheck Protection Program Loan Forgiveness Application Provides Long-Awaited Clarity

On May 15, 2020, the Small Business Administration (SBA), in consultation with the Department of the Treasury, released the Paycheck Protection Program (PPP) Loan Forgiveness Application accompanied by detailed instructions.

ASAP
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May 8, 2020

IRS Reverses Course on Employee Retention Credit for Qualified Health Plan Expenses

The IRS has changed its position and will allow employers to receive a tax credit for paying health care plan premiums for employees on furlough.

ASAP
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May 1, 2020

New Guidance Sheds Light on the Employee Retention Credit

The Internal Revenue Service (IRS) and Joint Committee on Taxation have issued new guidance to help clarify employer requirements for claiming the Employee Retention Credit (ERC) under the Coronavirus Aid, Relief, and Economic Security (CARES) Act.

ASAP
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April 21, 2020

DOL Clarifies That Gig Workers Can Qualify for COVID-19 Unemployment Benefits When Their Work Dries Up

The Department of Labor has clarified that gig workers qualify as “unemployed” under the Pandemic Unemployment Assistance (PUA) Program when they lose a significant amount of business because of COVID-19.

Dear Littler
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April 15, 2020

Dear Littler: Are There Any Tax Implications Now That Our Employees Are Teleworking During The COVID-19 Crisis?

Now that we have employees working from their homes due to COVID-19, will we be required to report them to those states for unemployment tax purposes or withhold income taxes? What about certain business expenses?

ASAP
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April 2, 2020

IRS Explains How Employers Can Receive Tax Credits under the CARES Act and FFCRA

On March 31, 2020, the IRS published new guidance clarifying how employers can claim tax credits for giving employees paid leave and maintaining their payrolls during the COVID-19 crisis.

Insight
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March 30, 2020

Employee Benefit and Executive Compensation Provisions in the CARES Act

The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) is intended to stimulate the U.S. economy in light of the COVID-19 pandemic. The CARES Act contains a number of provisions relating to employee benefits and executive compensation.

Insight
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March 30, 2020

CARES Act: Implications for Employers

The CARES Act creates a half-dozen new programs to help distressed businesses and workers deal with COVID-19 and related shutdowns. These programs include forgivable loans, tax credits, and expanded unemployment insurance.

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