In response to the coronavirus pandemic, Congress has passed legislation to encourage continued payment of wages and benefits by providing relief to employers in the form of payroll-related tax credits, loans, and...more
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, which was signed into law by President Trump today, provides emergency aid to businesses, families and individuals affected by the COVID-19 pandemic.
Any...more
Section 162(m) of the Internal Revenue Code (the “Code”) caps at $1 million a year a public corporation’s tax deduction for compensation paid to each of certain executive officers. As originally implemented, the regulations...more