Your search returned 150 results.

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.

ASAP
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March 30, 2020

Puerto Rico Treasury Department Extends Tax Exemptions for COVID-19 Employer-Provided Payments and Amends Rules for Qualified Retirement Plan and IRA Distributions

In light of the economic impact COVID-19 has had on both the businesses that have been forced to close and their employees, the Puerto Rico Treasury Department is extending certain benefits.

ASAP
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March 26, 2020

Senate Passes CARES Act with Relief for Businesses and Additional Unemployment Benefits

The U.S. Senate unanimously passed the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) in the late hours of March 25, 2020.

ASAP
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March 20, 2020

Puerto Rico Government Extends Several Deadlines in Light of COVID-19 Emergency

In light of the State of Emergency declared by Puerto Rico Governor Hon. Wanda Vázquez-Garced, and the closing of most government agencies as a result of Executive Order 2020-023, several employment-related agencies have extended upcoming deadlines.

ASAP
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March 14, 2020

House Passes COVID-19 Response Legislation Including Numerous Paid Leave, Unemployment Provisions

In the early hours of March 14, 2020, the U.S. House of Representatives passed sweeping legislation in response to the spread of the coronavirus (COVID-19) across the United States.

ASAP
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February 27, 2020

IRS Issues Proposed Rule on Business Expense Deductions

On February 26, 2020, the IRS published proposed regulations implementing changes made by the Tax Cuts and Jobs Act of 2017 (TCJA) regarding the elimination of deductions for entertainment and the limitation on food and beverage expenses.

ASAP
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February 21, 2020

Puerto Rico Department of Treasury Grants Tax Exemptions for Employer-Provided Payments and Certain Benefits to Employees and Independent Contractors Related to the Recent Earthquakes

On February 20, 2020, the PR Treasury issued Internal Revenue Circular Letter No. 20-08 granting employers temporary income tax exemptions over payments and certain benefits made to employees and contractors related to the recent earthquakes.

ASAP
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February 21, 2020

Puerto Rico Treasury Department Issues Post-Earthquake Rules for Qualified Retirement Plan and IRA Distributions and Loans

The Puerto Rico Treasury Department has issued guidance providing special rules and procedures applicable to distributions from qualified retirement plans and individual retirement accounts following the recent earthquakes.

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