I first wrote about employee repayment of compensation here in August of 2016. The following is an update to that original blog entry.
Occasionally a terminated employee will owe his or her employer upon termination because of a prior
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Red Flags to Consider when Using Third-Party ERC Advisors
“For the start of the annual Dirty Dozen list of tax scams, the IRS spotlighted Employee Retention Credits following blatant attempts by promoters to con ineligible people to claim the credit.” — IRS, March 20, 2023.”
Employee Retention Tax Credit: Potential Applicability for Law Firms
The Employee Retention Tax Credit (“ERC”) has been a hot topic in tax circles lately. A refundable payroll tax credit for businesses meeting certain requirements that was enacted alongside the Paycheck Protection Program in 2020, the ERC was widely overlooked…
Clarifying Misconceptions Surrounding the Employee Retention Credit
The Employee Retention Tax Credit (“ERC”) has been a hot topic in tax circles lately. Enacted alongside the Paycheck Protection Program in 2020, the ERC was widely overlooked until recently. As the ERC has become more widely discussed, several misconceptions…
23 in 2023: Dickinson Law Attorneys Honored by Best Lawyers®
Dickinson, Mackaman, Tyler & Hagen, P.C. is pleased to announce that once again attorneys of the firm have been named by Best Lawyers to all three of its recognition lists for 2023.
Based on peer reviews, those recognized by Best Lawyers…
IRS Guidance on Deducting Expenses paid with PPP Loan Proceeds
UPDATE – ON DECEMBER 21, 2020 CONGRESS ANNOUNCED A NEW STIMULUS PACKAGE THAT WILL ALLOW EXPENSES PAID WITH THE PROCEEDS OF A PPP LOAN TO BE DEDUCTED IN FULL.
During the week of November 20, the IRS issued two rulings,…
IRS Guidance on Deducting Expenses paid with PPP Loan Proceeds
This week the IRS issued two rulings, Revenue Ruling 2020-27 and Revenue Procedure 2020-51 providing guidance to taxpayers who have received Paycheck Protection Program (PPP) loans.
Although the forgiveness of a PPP Loan is not taxable, expenses paid with the…
On Demand: Startup Legal Webinar
All startups begin with an idea. But while you’re focusing on turning your idea into reality, don’t forget about the legal issues that can have a real impact on your new venture.
From founding issues and what type of legal representation you need,…
Startup Legal Webinar to Be Held October 8
From ideas to implementation, all startups begin with an idea. But while you’re focusing on turning those ideas into reality, don’t forget about the legal issues that can have a real impact on your new venture.
From founding issues and…
IRS Issues Payroll Tax Deferral Guidance — Answering Some Questions
On August 28, 2020, the IRS, in Notice 2020-65, issued guidance on the deferral of employee payroll tax obligations as originally described in the Trump Administration’s Memoranda dated August 8, 2020.
The Notice, two-and-one-quarter pages in length, answers…