Oct 28, 2020 | Firm Updates, International Tax
On April 25, 2017, we posted the first part of a blog series entitled “Tax Withholding When Business Activities Involve International Entities and Individuals”. In this blog, we would like to expand on the issue of withholding taxes on payments made to foreign payees....
Oct 26, 2020 | COVID-19 Response, Firm Updates, Individual Tax, Small Business, Tax Tips
Working from home, or telecommuting has become a standard work practice amidst the coronavirus pandemic. Employers with employees who are working in states other than the state in which the company is physically present must be aware of a variety of problems related...
Oct 9, 2020 | COVID-19 Response, Firm Updates
The United States Small Business Administration (SBA) has issued an interim final rule which states that Paycheck Protection Program loan borrowers of $50,000 or less are exempted from any reductions in forgiveness based on reductions in full-time-equivalent (FTE)...
Sep 29, 2020 | COVID-19 Response, Firm Updates
The Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020 made significant changes to the deductibility of net operating losses (NOL) and non-corporate business losses in hopes of providing economic relief to individuals and businesses impacted by the...
Sep 24, 2020 | Firm Updates, International Tax
Criminals often deal in cash, and sometimes, large amounts of it. To help combat money laundering, tax evasion, drug dealing, terrorist financing, and other criminal activities, the federal government has made it mandatory that a trade or business that receives more...
Sep 1, 2020 | COVID-19 Response, Firm Updates
On August 8, 2020, President Trump issued a Presidential Memorandum which allowed for the deferral of withholding an employee’s payroll taxes. On Friday, August 21, 2020, the IRS issued additional guidance on the implementation of the deferral in Notice 2020-65. The...
