Commercial Businesses Articles
Tax Considerations of Collaboration Arrangements in the Life Sciences Sector
Posted by Cory Van Deusen V on September 25, 2020
While free-flowing collaboration and focused innovation have long been lofty ideals of biotech and pharma companies, because of the COVID-19 pandemic, they’re now imperatives to doing business. With new mandates come new funding pressures, a need to get even tougher on pipeline decisions, and a heightened risk environment.
Suburban Migration: The New Reality of Real Estate
Posted by Michē Needham on September 25, 2020
The global pandemic has accelerated the work-from-home trend and what had been a slow migration to the suburbs. How can landlords and developers plan for the new demands of a population shift?
Are First-Year Depreciation Write-Offs Right for You?
Posted by Megan Morris on September 23, 2020
Beware: It doesn't always make sense to claim 100% bonus depreciation and/or Section 179 deductions in the first year that qualifying business property is placed in service. Instead, there may be valid reasons to depreciate those assets over several years.
Monitor Overtime Pay for Your Remote Workers: DOL Guidance
Posted by Kathleen Strobele on September 22, 2020
Employers already know they must pay non-exempt employees for every hour they work, however, when those employees work from home it's harder to keep track of those hours. The Department of Labor has just issued a “field assistance bulletin” to remind employers of what's required.
Should You Jump on the Made-in-America Bandwagon?
Posted by Jonathan Roller on September 22, 2020
From job creation to reduced shipping costs and lead times, there are many compelling reasons to manufacture products in the United State, but this strategy isn't right for every business or every component of the production process.
Election 2020: Where Do the Candidates Stand on Business Tax Issues?
Posted by Michē Needham on September 10, 2020
Business taxes are a major issue in this year's presidential election. Here's a brief summary of how the 2020 tax platforms of Democrats and Republicans measure up on business-related issues, including corporate tax rates, the qualified business income (QBI) deduction, first-year depreciation deductions, manufacturing breaks, “green” tax credits, breaks for real estate ventures and more.
FAQs on Employee Cafeteria Plans
Posted by Timothy Bubar on September 08, 2020
In this difficult environment, companies may consider cutting certain employee fringe benefits. Before you do so, you might want to think about offering a cafeteria plan that allows participants to choose only the benefits they need.
IRS Adds New FAQs on CARES Act Payroll Tax Deferrals
Posted by Cheryl A. Jankowski on August 28, 2020
Section 2302 of the CARES Act provides that, through December 31, 2020, employers may defer the deposit and payment of the employer's portion of Social Security tax and certain railroad retirement taxes. Half of the deferred amount is due on December 31, 2021, and the other half is due on December 31, 2022.
Top Tech Balancing Act in 2020: Innovation vs. Risk
Posted by Cory Van Deusen V on August 26, 2020
The technology industry is proving out its resilience. As every industry responds to change and disruption, tech companies are being relied upon more than ever to accommodate remote work, food and supply access, health services, communication, connectivity, and entertainment.
The Resilience Playbook for Manufacturers: Persevering Through a Pandemic
Posted by Jonathan Roller on August 18, 2020
Not every manufacturer has been able to avoid mandated shutdowns of “nonessential businesses,” and they face a different set of quandaries.