Tax Consequences of Losing Your Job

Article Highlights: Severance Pay  Unemployment Compensation  Health Insurance  Employer Pension Plan  Coronavirus-related Distributions  Home Sale  If you have lost your job, there are a number of tax issues you may encounter. How you deal with these issues can profoundly impact your taxes and finances. The following are typical issues related to tax treatment: Severance Pay – […]

John F. Coggin, CPA MBAPrincipal, John F. Coggin CPA, PLLC

Vietnam Unveils Third Wave of Business Reforms: Resolution 68

The Vietnamese government recently announced its plan to implement Resolution 68/NQ-CP (Resolution 68) on cutting or simplifying business procedures from the 2020-2025 period. This also includes cutting at least 20 percent of business procedures compliance costs. The development came at a press conference and was stated by Minister-Chairman of the Government Office Mai Tien Dung on September […]

Alberto VettorettiManaging Partner, Dezan Shira & Associates

Data Protection Series: Data Subject Access Requests Part I: the chink in the employer’s armour

As referenced in our previous data protection update, this second article in our data protection series discusses significant issues that arise for employers when responding to data subject access requests from current or former employees. Our Employment & Corporate Immigration Department regularly advise employers in respect of data protection issues within the context of employment disputes. […]

Dominic ConlonPartner and Head of Corporate, Leman Solicitors

Year-End Moves for Charitable Donations

‘Tis almost the season for charitable giving. Besides helping a worthy cause, your donations may qualify for a festive write-off on your 2020 tax return if you qualify. Here are five ways to boost your deduction for charitable contributions if you itemize.   1. Bunch Contributions Under the Tax Cuts and Jobs Act (TCJA), for 2018 through […]

William H. ShawnCo-Managing Partner, ShawnCoulson

Coronavirus: The suspension on wrongful trading has ended – what should directors do if their business becomes insolvent?

In March this year, the UK Government suspended wrongful trading provisions so that directors could continue to trade through their companies without any concern that they would be prosecuted. This suspension ended on 30 September 2020. Directors should not continue trading whilst insolvent to the detriment of the company’s creditors or they will fall foul […]

Hannah BuddPartner, Keystone Law

October’s Extended Due Date Is Fast Approaching

Article Highlights: October 15 extended due date for filing federal individual tax returns for 2019.  Late-filing penalty.  Interest on tax due.  Other October 15 deadlines.  Because of the COVID-19 pandemic emergency, the IRS postponed the original due date for filing 2019 returns to July 15, 2020. If you could not complete your 2019 tax return […]

John F. Coggin, CPA MBAPrincipal, John F. Coggin CPA, PLLC

7 Expiring Tax Breaks for Individuals

Several significant federal tax breaks are set to expire at the end of 2020, unless Congress renews them. Lawmakers customarily extend these so-called “extender” provisions for another year or two, sometimes retroactively. However, in this tumultuous time, nothing is certain. In the face of that uncertainty, you should consider the following seven tax breaks that are […]

William H. ShawnCo-Managing Partner, ShawnCoulson

Vietnam Rises to Second Spot in Share of US Imports: Jungle Scout

Vietnam climbed to the second spot behind China to become the second-biggest supplier to the US as per 2020 Global Imports Report by Jungle Scout, a leading data analyzing and consulting platform on Amazon. Vietnam’s share of US imports growing faster than other countries In its report, in the first half of 2020, Vietnam ranked second by […]

Alberto VettorettiManaging Partner, Dezan Shira & Associates

Data Protection Series | Sanctions for non-compliance

Two years have passed since the introduction of GDPR on 25 May 2018, and data protection compliance remains a significant and complex challenge for employers. This first article in our data protection series will discuss the importance of ensuring compliance with GDPR in the workplace and the repercussions for failing to do so. Our Employment […]

Larry FenelonPartner, Leman Solicitors