Companies need to manage issues of a new work environment, including employees working from home, employer and employee side benefits, in-country permanent establishment/state nexus, loan staff, and others. Find KPMG insights on the related tax considerations and tax planning below.
Articles – Compensations and benefits
August 10, 2020
President Trump on August 8, 2020, signed an executive action in the form of a memorandum directing “the Secretary of the Treasury to use his authority to defer certain payroll tax obligations with respect to the American workers most in need.” This report provides initial impressions from KPMG on the memorandum.
April 30, 2020
The IRS on April 29, 2020, released additional “frequently asked questions” (FAQs) on the employee retention credit (ERC) provided by the CARES Act. This report provides initial impressions about these FAQs.
March 30, 2020
This article addresses some of the more frequent compensation and benefits tax considerations that can arise during difficult economic times.
March 20, 2020
Small businesses may be looking for ways to better manage cash flow and total tax liabilities—in particular given the challenges that U.S. businesses are facing with regard to the COVID-19 pandemic. A section 41(h) election may provide opportunities for eligible small businesses. Under section 41(h), a qualified small business can elect to convert up to $250,000 per year, for up to five years, into payroll offset credits.
March 17, 2020
On March 13, 2020, President Trump declared the coronavirus outbreak to be a national emergency. This declaration not only frees up resources that the federal government may use to address the crisis but also expands the options that businesses have to help employees. This report reviews the options for employer to provide assistance directly or through charities or foundations.
March 15, 2020
Efforts to contain the 2019 novel coronavirus (COVID-19), declared by the World Health Organization as a pandemic, have led many employers (whether voluntarily or pursuant to government action) to change the normal working environment and operating procedures. This report focuses on the initial approaches that employers are taking, such as increased telecommuting, and the resultant tax considerations.
Articles – Global mobility
April 23, 2020
This report considers the FAQs released by IRS on April 21, 2020, on determining U.S. trade or business or permanent establishment, providing relief from COVID-19 challenges, in light of OECD and other countries' related guidance.
April 9, 2020
This newsletter addresses some key U.S. government initiatives that may have an impact on you, as a U.S. individual taxpayer.
April 8, 2020
Organizations are now beginning to consider various reward and mobility issues that my arise in the coming weeks and months. This publication provides a framework to begin evaluating short- and long-term actions.
Podcasts – Global mobility
May 7, 2020
Martha Klasing, who leads the KPMG Global Mobility Services (GMS) team in Washington National Tax, sits down with GMS professionals Bob Rothery and Glen Collins to discuss how global mobility functions continue to respond to COVID-19. [14:24 minutes]
April 7, 2020
Martha Klasing, who leads the KPMG Global Mobility Services (GMS) team in Washington National Tax, sits down with GMS professionals Bob Rothery and Glen Collins to discuss the potential implications of COVID-19 on organizations and their assignees. [20:53 minutes]
Employment Tax Summary
June 11 | Payroll Insights | Review employment tax and telework guidance in response to COVID-19 from state and local jurisdictions | Summary presented in table format with hyperlinks to government websites for additional guidance.
Preparing for the Future
June 9 | A Journey through COVID-19 | Emerge stronger by evaluating and revolutionizing your global mobility program to adapt to the changing world. | A series of 8 articles from the KPMG Global Mobility team.
April 3 | Tax Credits, Deferrals, and Efficiencies (COVID-19) | Read about select labor-related CARES Act, Families First Coronavirus Response Act, and COVID-19 National Emergency Declaration triggered tax provisions.
COVID-19 Spot Surveys
Workforce Tax Ramifications
June 18 | Human resources, global mobility, immigration, tax, finance, and legal professionals respond to questions about their organization's response CARES Act tax provisions that affect mobility programs, employees, and family members.
Total Rewards Programs
May 6 | Human resources, compensation and benefits, global mobility and tax professionals respond to questions about the impact of COVID-19 on their organization’s total rewards programs.
Globally Mobile Employees
April 17 | Human resources, global mobility, tax, and relocation professionals respond to questions about how their organization's are addressing the needs of international assignees in light of COVID-19 challenges.