News & Analysis as of

Tax Relief Wage and Hour

Womble Bond Dickinson

Unlocking Savings: New Tax Breaks for Overtime and Tips - What Employers Need to Know

Womble Bond Dickinson on

In a sweeping move set to reshape employee paychecks, the newly enacted One Big Beautiful Bill Act (OBBBA) introduces two significant federal tax deductions for hourly workers: one for overtime pay and another for tip income....more

Cozen O'Connor

New York Note: State of the City, New Legislative Session, Council Hearing

Cozen O'Connor on

In his 2025 State of the City address, Mayor Eric Adams detailed his administration’s efforts to create a safer, more equitable, and family-centered New York City. He noted achievements like reducing crime, expanding...more

Littler

Shift Work and Tax Relief in Belgium: The New Law Introducing the ‘Variant Bis’ Has Been Published

Littler on

We recently reported on the saga that followed the Constitutional Court's ruling of February 8, 2024 on the conditions for applying the partial exemption from payment of withholding tax for employers organizing shift work...more

Ius Laboris

New Hong Kong budget: highlights for employment

Ius Laboris on

The 2024-25 Hong Kong Budget unveils a series of strategic policies and initiatives centred around revitalising the Hong Kong economy....more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Beltway Buzz - February 2024

House Advances Bipartisan Tax Package. On January 31, 2024, the U.S. House of Representatives passed the Tax Relief for American Families and Workers Act of 2024 (H.R. 7024) by a vote of 357–70....more

Hogan Lovells

Prinsjesdag: The Dutch Government’s key employment law-related plans for 2023

Hogan Lovells on

On 20 September, the Dutch Government presented their key plans and the distribution of the national budget for the coming year. This blog provides an overview of how a selection of these plans may affect employers and...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

Changes in German Employment Law in 2021

At the beginning of 2021, extensive changes in German employment law came into effect, including some of particular significance to employers. In addition, on January 19, 2021, the German Federal Government implemented...more

Foster Garvey PC

Potential Payroll Tax Deferral Is Available – Employers Must Understand the Program and Use Extreme Caution Before Blindly Jumping...

Foster Garvey PC on

On August 8, 2020, President Trump issued an executive order, directing the U.S. Treasury to grant employers the ability to defer the withholding, deposit and payment of certain payroll taxes as further COVID-19 tax relief....more

Bowditch & Dewey

IRS issues guidance on Social Security tax deferral

Bowditch & Dewey on

On August 28, the IRS issued Notice 2020-65 to provide guidance on the President’s decision to allow deferral of the employee portion of Social Security taxes owing for the rest of 2020 for employees earning up to $104,000...more

Troutman Pepper Locke

How to Free Up Access to Employer Assets and/or Ease Employee Access to Vested Benefits During COVID-19

Troutman Pepper Locke on

Who Needs to Know - Employers and Employees Impacted by COVID-19. Why It Matters - Employers and employees alike continue to feel the impact of the COVID-19 pandemic. Despite a variety of tax incentives, employers may...more

Troutman Pepper Locke

PROVIDING COVID-19 FINANCIAL RELIEF: How to Free Up Access to Employer Assets and/or Ease Employee Access to Vested Benefits

Troutman Pepper Locke on

Q. Are there any COVID-related tax incentives that could benefit employers and employees?...more

Jackson Walker

Payroll Tax Relief and Latest Developments in Retirement Plans and Benefits

Jackson Walker on

Payroll Tax Relief Under CARES Act, FFCRA, and Executive Order - While the Coronavirus Aid, Relief, and Economic Security (CARES) Act permitted employers to defer depositing the portion of the FICA taxes the employer pays...more

White & Case LLP

COVID-19 – Key UK Employment Issues Guidance Note (Updated)

White & Case LLP on

Companies and their workforces are in unprecedented circumstances, with COVID-19 changing situations and advice on a frequent basis.  In this alert, we have set out below the key issues faced by employers across the UK and...more

White & Case LLP

Overview of the most recent measures of the Government of the Slovak Republic regarding the spread of the COVID-19 virus

White & Case LLP on

On 31 March 2020, the Government of the Slovak Republic significantly extended the measures to mitigate the economic impacts related to the COVID- 19 pandemic, including significant amendments to the Labour Code and related...more

Brownstein Hyatt Farber Schreck

Opportunities for Small Business in the CARES Act of 2020

The Coronavirus Aid, Relief, and Economic Security (CARES) Act provides assistance to small businesses impacted by COVID-19. Congress did not, however, provide a one-size-fits-all solution. Instead, small businesses must...more

Burr & Forman

Key Tax Provisions of the CARES Act

Burr & Forman on

The COVID-19 or Coronavirus has disrupted demand in many industries and is wreaking havoc on budgets and cash flow projections. On March 27, 2020 the Coronavirus Aid, Relief, and Economic Security Act (the CARES Act or Act),...more

Goodwin

COVID-19 Briefing – Germany Agrees to Unprecedented Package to Protect Businesses

Goodwin on

On 13 March 2020, the German government agreed on a far-reaching package of measures to protect companies and businesses in the German market. The central message is that the Federal State (Bund) and the provinces...more

Robinson & Cole LLP

Puerto Rico’s Hacienda Issues Tax Relief for Victims of Hurricane

Robinson & Cole LLP on

On October 4, 2017, the Puerto Rico Department of Treasury (Hacienda) issued Administrative Determination No. 17-21 (Notice), which clarifies the tax treatment of certain payments made to assist those affected by Hurricane...more

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