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Tax Credits FICA Taxes

Benesch

No Tax on Tips! What President Trump’s Promise May Mean for Your Business

Benesch on

If you’re a political nerd like me, you may have observed then-candidate and now President Donald J. Trump’s pledge to eliminate taxes on tips. In fact, he doubled down on this promise in his speech to Congress on March 4,...more

McDermott Will & Schulte

Employers Be Forewarned and Forearmed: Recent IRS Announcements Require Action on ERTC Claims

Promoters and tax advisors have extensively marketed the Employee Retention Tax Credit (ERTC) as a way for employers to reclaim Federal Insurance Contributions Act (FICA) payroll taxes paid during the first two years of the...more

Clark Hill PLC

State and Local Public Employers Eligible for EPSL and EFMLA Tax Credits

Clark Hill PLC on

On March 11, President Biden signed the American Rescue Plan Act (“ARPA”) into law. Under the ARPA, state and local government employers are eligible for tax credits for social security and Medicare tax payments if they...more

Groom Law Group, Chartered

House Passes Health and Tax Changes as Part of New COVID-19 Legislation

In the early morning hours of February 27, the House of Representatives narrowly passed H.R. 1319, the American Rescue Plan Act (the “Rescue Plan”), by a vote of 219-212. The Senate will now take up the sweeping $1.9 trillion...more

Holland & Knight LLP

Tribal Tax Parity Legislation Gains Ground in Congress

Holland & Knight LLP on

In the past month, members of Congress have introduced two important bills that promote parity for tribal governments and their tribal council members. The Tribal Social Security Fairness Act would allow tribal...more

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