Tag: business tax
Teleworking Employees and the Resulting SALT Effects
Three important state and local tax (SALT) effects that could result from teleworking employees, including…
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IRS Clarifies Tax Deduction Eligibility for PPP Expenditures
IRS issued guidance regarding the deductibility for federal income tax purposes of certain otherwise deductible…
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Claiming R&D Payroll Credits in Conjunction with FFCRA and CARES Act Payroll Tax Relief Incentives
Startups eligible to claim the R&D credit for payroll tax offset can increase the cash…
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FAQ: CARES Act Impacts on Net Operating Losses
Given the significant role NOLs can play in increasing cash flow and helping to mitigate…
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CARES Act Provides Taxpayers with Flexibility to Make Favorable Adjustments to Depreciation
Tax planning opportunities for a limited time period in certain circumstances, as a result of…
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COVID-19 Payroll Tax Relief — Credits and Deferral
Provisions within the CARES Act and FFCRA can provide significant relief for employers that continue…
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Employers Can Defer Employment Tax Deposits Until PPP Loan is Forgiven
Under the CARES Act, employers of all sizes (including tax exempt/non-profit employers) can defer the…
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International Tax Considerations Relating to Repatriation in Light of COVID-19
Due to liquidity and cash flow needs, such U.S. taxpayers may need to repatriate cash…
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New York Becomes First State to Decouple from Key Business Tax Provisions of the CARES Act
New York became the first state to decouple from particular features of the CARES Act…
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IRS Provides Welcome Relief for Partnership Filings to Obtain CARES Act Benefits
The CARES Act provides retroactive tax relief that affects partnerships, including relief for the taxable…
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