The COVID-19 pandemic created a number of challenges for both employers and employees. Virtually overnight, many non-essential businesses shut down or transitioned to remote operations, forcing both companies and workers to navigate a new virtual working environment. Most employers slowed down hiring, and employees were hesitant to leave their jobs given the market uncertainty. As […]
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Surrounded by Democratic members of Congress and a handful of Republicans, President Biden on November 15, 2021 signed into law the Infrastructure Investment and Jobs Act, which will fund investment in improvements to the country’s roads, bridges, highways and Internet connections. The law also contains a few tax-related provisions, including the following: A provision that […]
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As the U.S. entered 2021, many assumed that newly elected President Joe Biden along with Democratic majorities in the House and Senate would swiftly enact tax increases on both corporations and individuals to pay for the cost of proposed new infrastructure and social spending plans, potentially using the budget reconciliation process to do so. Since […]
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