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
11/8/2023
/ Coronavirus/COVID-19 ,
Employee Retention ,
Employer Liability Issues ,
FICA Taxes ,
IRS ,
New Legislation ,
Payroll Taxes ,
Regulatory Agenda ,
Regulatory Reform ,
Tax Credits ,
Tax Reform
As part of its comprehensive 2017 tax reform bill, Congress repealed deductions for Qualified Transportation Fringes including for employer-provided parking, while also requiring that tax-exempt organizations increase their...more
The IRS released guidance in April on the new credit for paid family and medical leave. In FAQ form, this guidance helps employers gauge whether their current policies are sufficient, or whether implementation of conforming...more