China’s National Bureau of Statistics reported in April that China’s GDP shrank 6.8% from the prior year in the first quarter of 2020. Based on a poll conducted by Reuters, analysts expect China’s economic growth to slow sharply from 6.1% in 2019 to 2.5% for 2020. As the world is going through an unprecedented novel […]
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What Happens To The CARES Act Employee Retention Credit As Governors Lift COVID-19 Restrictions?
The language in the “No wages paid, but employer continued health care coverage” section of this alert was updated May 8, 2020. Many U.S. state and local authorities have already begun lifting stay-at-home and business shutdown orders, while others have outlined plans to ease those orders in the near future. Since the novel coronavirus (COVID-19) […]
Read moreThe Resulting SALT Effects From Teleworking Employees and COVID-19
Summary The novel coronavirus (COVID-19) pandemic is changing the way we work. More specifically, it is changing where we work. At first blush, simply working from home might not raise any tax-related red flags. Why should it matter for a business whether its employees work from home temporarily or if they work remotely in a state other […]
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