Sometimes parties will enter a contract whereby one agrees to buy (or supply) all of its needs (or product) to the other. For example, maybe a supplier and retailer agree that only the supplier’s product will be sold in the retailer’s stores? This usually isn’t free as the supplier will offer something—better services, better prices, […]
Small and medium-sized employers can begin taking advantage of two new refundable payroll tax credits, designed to immediately and fully reimburse them, dollar-for-dollar, for the cost of providing coronavirus-related leave to their employees. This relief to employees and small and midsize businesses is provided under the Families First Coronavirus Response Act (Act), signed into law […]
Jacob Stein of Aliant LLP hosted the IR Global Tax Group Virtual Call yesterday which was a great success. Twelve members took part in the call which gave everyone a chance to present themselves and discuss the lockdown and its impact on a personal level. Jacob had the following to say about the call: “Thank you everyone […]
The Coronavirus Aid, Relief, and Economic Security (CARES) Act, the stimulus bill that was signed into law on March 27, 2020, contains legislation to stabilize the economy during the coronavirus pandemic. These measures include economic recovery checks for taxpayers, as well as several other tax provisions affecting individuals. Let’s take a look at a few […]
Offering to lend money to cash-strapped friends or family members during tough economic times is a kind and generous offer, but before you hand over the cash, you need to plan ahead to avoid tax complications for yourself down the road. Take a look at this example: Let’s say you decide to loan $5,000 to […]
Due to the coronavirus pandemic, the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020. Taxpayers can also defer federal income tax payments due on April 15, 2020, to July 15, 2020, without penalties and interest, regardless of the amount owed. In addition, the payment and return-filing […]
Relief for taxpayers facing the challenges of COVID-19-related tax issues is now available through the IRS People First initiative. The projected start date will be April 1 and the effort will initially run through July 15, 2020. During this period, to the maximum extent possible, in-person contact will be avoided; however, the IRS will continue […]
The precipitous drop in the demand for oil is not going away anytime soon. Some models suggest that it will be eight or nine years before the price per barrel of crude oil returns to February 2020 pricing. In the past, oil and gas companies have used mergers and acquisitions as an escape hatch during […]
Blood, Sweat and Tears may or may not have had Isaac Newton’s law of universal gravitation in mind when they penned the lyrics to their hit song “Spinning Wheel,”—“What goes up must come down, spinning wheel got to go ‘round,”—but they did put their fingers on the inevitably cyclical nature of real estate markets. For […]
Foreward by Andrew Chilvers For companies and individuals looking to move into new jurisdictions for business opportunities, setting up a bank account is a crucial part of the process. But this is never as straightforward as it seems. In all countries, banks are obliged to crack down on fraud and any potential financial scullduggery. As […]
For companies and individuals looking to move into new jurisdictions for business opportunities, setting up a bank account is a crucial part of the process. But this is never as […]
Read moreBy: Robert “Bob” Boeche, II, Partner The outbreak of the COVID-19 pandemic, subsequent closures of businesses and mandated “quarantine” laws have had dramatic effects that permeate nearly every facet of our lives. With the markets wildly fluctuating, and advisers being deemed an “essential” service, most advisers are juggling responsibilities to their clients with trying to […]
