The coronavirus pandemic has dramatically changed the way people are working all across the country. Maddie Schueler, Senior Tax Consultant at Dean Dorton, discusses state tax implications of remote work.
The coronavirus pandemic forced many businesses to send employees home without much, if any, lead time to set up company-approved technology services for a secure remote work setup. Shadow IT refers to the use of unapproved technology services or devices without the knowledge or approval of the company’s IT department.
Even before the pandemic, the IRS was experiencing problems in timely handling many types of correspondence dealing with tax liabilities. Taxpayers’ and their advisors’ patience with the process was tested routinely.
The COVID-19 pandemic has impacted employee fraud in the workplace. Learn how the pandemic has strengthened the three elements of the Fraud Triangle (pressure, opportunity, and rationalization) and how your organization can fight back.
The additional unemployment insurance payments as a result of the COVID-19 pandemic are taxable and can have a substantial impact on 2020 tax returns.
By now, you have received and spent some or all of your PPP loan funds. As you focus on forgiveness, make sure you are prepared for the tax implications.