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McDermott Will & Schulte

Corporate taxpayers: Key One Big Beautiful Bill Act changes to international and domestic taxes

McDermott Will & Schulte on

On July 4, 2025, US President Donald Trump signed the One Big Beautiful Bill Act (OBBBA) into law. The legislation introduces significant changes to both international and domestic business tax rules for US taxpayers. While...more

Seyfarth Shaw LLP

From Telehealth to Trump Accounts: Breaking Down the One Big Beautiful Bill’s Impact on Employee Benefits

Seyfarth Shaw LLP on

On July 4, 2025, Donald Trump signed the One Big Beautiful Bill (OBBB) into law. Although most have focused on the sweeping tax reform included in the OBBB, a number of key employee benefits provisions are included in the...more

Husch Blackwell LLP

Consolidated Appropriations Act: Important Changes To The Employee Retention Credit

Husch Blackwell LLP on

The CARES Act created a refundable “employee retention credit” as incentive for employers to retain their employees during the 2020 pandemic. Specifically, employers received a credit against their share of the Social...more

Pillsbury Winthrop Shaw Pittman LLP

Year-End Stimulus Bill Permits, but Does Not Mandate, Extension of FFCRA Leave

Pillsbury Winthrop Shaw Pittman LLP on

Late on December 27, 2020, President Trump signed into law an omnibus stimulus bill. The new legislation contained much needed extensions of unemployment benefits that have supported many Americans who have experienced...more

Hogan Lovells

DOL Issues Corrected COVID-19 Related Paid Leave Poster And Further Compliance Guidance For Employers

Hogan Lovells on

As the April 1 effective date for the Families First Coronavirus Response Act (“FFCRA” or the “Act”) paid leave requirements rapidly nears, the Department of Labor (“DOL”) continues to update its compliance guidance for...more

Littler

Second Set of DOL FAQs Provide More Clarity on Upcoming Federal Paid Sick and Family Leave Obligations

Littler on

On March 26, the U.S. Department of Labor (DOL) released additional FAQs that further explain employer and employee rights and responsibilities under the federal Families First Coronavirus Response Act (FFCRA)....more

McGuireWoods LLP

FFCRA Denies Tax Credits to State and Local Government Employers

McGuireWoods LLP on

As previously reported, on March 18, 2020, President Trump signed into law the Families First Coronavirus Response Act (FFCRA). The FFCRA’s paid leave provisions will become effective on April 1, 2020, and will apply to leave...more

FordHarrison

Is the New Employer Tax Credit for You?

FordHarrison on

Under the Internal Revenue Code of 1986, as amended (the “Code”), businesses are entitled to a general business credit which is made up of several component credits, including the Work Opportunity Credit, the Indian...more

Littler

Approved Senate Tax Bill Addresses Paid Leave, Sexual Harassment Settlement Nondisclosures

Littler on

Buried in the massive Tax Cuts and Jobs Act (H.R. 1), the tax overhaul legislation the Senate approved on December 2, 2017, is a section providing a tax credit to employers that provide their employees with paid family and...more

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