Any of us in sales this year have needed to adapt our approach to our sales efforts for a variety of reasons: Prospect’s office closed. Office open and functioning, but purchase decisions moved firmly onto the back-burner. Contacts out of work. New contacts unclear as to the company’s needs or interest. I’ve […]
Sales during COVID-19 – Searching for ways to stay productive, efficient and sane Read More »
Recently the Treasury issued TD 9925 which contains final guidance under section 274 of the Internal Revenue Code regarding amendments made to the deductibility of meals and entertainment costs with passage of the Tax Cuts and Jobs Act at the end of 2017. Worldwide ERC previously reported on this topic after the
Final Regulations Issued Regarding Meals & Entertainment Deductions Read More »
With the initial rush of panic and stress of the crisis in the past, employees may be feeling drained and worn out to the point of feeling, or even being, useless. As workloads begin to pick up again the ability for your teams to produce quality work may be taking a hit.
Encouraging Your Employees to Take Time Off Read More »
On March 13th, 2020, President Trump declared COVID-19 (coronavirus) pandemic, a National Emergency. The declaration provides a mechanism for employers to provide tax-free disaster relief assistance to employees under Section 139 of the IRS code. Qualified disaster relief payments are exempt from tax withholding, FICA, FUTA, Medicare, and self-employment taxes for all
Section 139 – Tax-Free Disaster Relief Payments Read More »
It is no secret that Covid-19 changed the way we live and work. A response scenario that was once thought to be a temporary adaptation to an unexpected virus, has morphed into the new long-term reality. For many of us that means we are now working remotely and have been for at
Working From Home During a Pandemic Read More »
The enactment of the Tax Cuts and Jobs Act will have a profound impact on the relocation budgets of employers. Payment of Qualified Moving Expenses, which have provided a nontaxable benefit since 1986, will now cause a significant rise in relocation spend should employers choose to provide tax assistance for these expenses
Self-Manage or Self-Destruct Read More »
The most sweeping change to tax law – Tax Cuts And Jobs Act. This act eliminated a section of the tax code that allowed for preferential treatmentment of certain qualified moving expenses. Prior to 2018 allowed certain expenses paid by your employer or reimbursed to you were not treated as a taxable
Talking Tax – What Happened To Moving Deductions? Read More »
Gross up or tax assistance is a good thing! The are reducing or possibly eliminating the amount of taxes coming out of your pocket. Your employer paid relocation benefits are taxable income to you – depending on your companies policy the tax assistance or gross up provided will either reduce or eliminate
Talking Tax – Gross up/Tax Assistance Read More »
Taxation of your benefits – whether paid to you or to a third party on your behalf are considered taxable income to you. This benefit is reported as income along with your regular wages – income and payroll taxes will apply! Your company may be assisting you with these taxes or you
Talking Tax – Mobility Reimbursement Read More »
Mindful wakeup: Nothing Time Take a couple long deep breaths; breathe in through your nose and out through your mouth. In times like these it is important to take some time each day and set your aims and goals for the day. Be sure to check in with yourself during the day
Finding Mindfulness in a Time of Crisis Read More »
