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Taxation & Representation
TAX TIDBIT: Who Will Lead OIRA Under Biden? President-elect Joe Biden selected a host of economic experts to serve in top advisory roles early last week. If confirmed, the nominees will hold key positions in the Treasury Department, Council of Economic Advisers and...
IRS Releases Priority Guidance Plan
On Nov. 17, the Treasury Department and the Internal Revenue Service (IRS) released the agency’s initial 2020-2021 Priority Guidance Plan (PGP), which will serve as a blueprint for forthcoming regulatory guidance from the agency between July 1 and June 30, 2021. The...
Alan Hirschfeld joins the Board of Directors of Policy and Taxation Group
Alan Hirschfeld joins the Board of Directors of Policy and Taxation GroupAlan H. Hirschfeld is General Counsel of TFMG Associates, LLC, a family office in New York that serves four generations. Prior to joining TFMG, Mr. Hirschfeld served as the Senior Fiduciary...
Results of FEUSA 2020 COVID- 19 survey and impact on Family Businesses
Here is a recap of the family business responses to the COVID-19 survey that was sent out by FEUSA over the last 6 weeks. This is very helpful information that will be shared with Members of Congress in this session of Congress during the Lame Duck and next session of...
VIDEO: Watch 6-minute video with Pat Soldano; “Tax Legislation Issues for Family Businesses”
Family Business Magazine asked Pat Soldano to speak about tax Legislation Issues that family businesses are facing, including possible COVID 19 legislation during this Congress or the next. Watch this 6-minute video to get a brief update. [button...
2020 Election Results and Key Dates to Watch
The Day After the 2020 Elections - Post-Election Analysis and Outlook An election that was thought by many pollsters to be all but over for Republicans turned out quite differently Tuesday, as races in key states remain too close to call. Regardless of the ultimate...
Neal and Brady Introduce Retirement Legislation
The House Ways and Means Committee Chair Richard Neal (D-MA) and Ranking Member Kevin Brady (R-TX) introduced the Securing a Strong Retirement Act of 2020. The bill, which expands on the bipartisan Setting Every Community Up for Retirement Enhancement (SECURE) Act...
VIDEO: Election 2020: Presidential Candidates’ Positions on Individual Tax Policies
Election 2020: Presidential Candidates’ Positions on Individual Tax Policies [button...
VIDEO: Election 2020 – Presidential Candidates’ Positions on Estate and Wealth Tax Policies
Election 2020 - Presidential Candidates' Positions on Estate and Wealth Tax Policies [button...
VIDEO: Election 2020 – Safety and Healthy Workplace Tax Credit
Election 2020 - Safety and Healthy Workplace Tax Credit [button link="https://policyandtaxationgroup.com/donate/"...
VIDEO: Corporate Transparency Act
The Corporate Transparency Act will create significant privacy concerns for families, family businesses, and family...
VIDEO: Pass Through and Small Business Legislation Under Trump or Biden
https://youtu.be/Qq7z7qVfAAw Pass Through and Small Business Legislation Under President Trump or former Vice...
VIDEO: Pass Through and Small Business Legislation Under Trump or Biden
https://youtu.be/Qq7z7qVfAAw Pass Through and Small Business Legislation Under President Trump or former Vice...
Status Of The November Election, Potential Tax Policy Opportunities, and Additional COVID-19 Relief Legislation
Pat Soldano welcomed supporters to the call and provided an overview of the topics to be discussed: the status of the November Election, potential tax policy opportunities, and additional COVID-19 relief legislation as well as an update on the activities of Policy and...
C&S Provides PTO, Bonuses To Employees For Covid-19 Challenges
Keene, New Hampshire-based C&S Wholesale Grocers Inc., the largest wholesale grocery supply company in the U.S., said it will provide frontline workers with a special appreciation bonus and all employees with additional paid time off (PTO), among other benefits...
Publix deploys contactless payment for extra COVID-19 safety
Publix Super Markets expects to complete the rollout of contactless payment to all of its more than 1,200 stores in the Southeast. Lakeland, Fla.-based Publix said yesterday the deployment provides an extra safety measure for customers and store associates amid the...
IRS Clarifies Payroll Tax Deferral Is at Employer’s Discretion
During an Internal Revenue Service monthly payroll teleconference today, Kelly Morrison-Lee, an agency attorney, confirmed that the payroll tax deferral is optional at the discretion of the employer. This confirms that employers, not employees, have the choice of...
Bechtel Group Foundation Establishes Bechtel COVID-19 Relief Fund in Partnership with GlobalGiving
The Bechtel Group Foundation will donate $3 million to communities across the world coping with the coronavirus pandemic, in partnership with the crowdfunding nonprofit GlobalGiving. The newly established Bechtel COVID-19 Relief Fund will support local nonprofit...
Tyson Foods adopts weekly coronavirus testing for workers
Tyson Foods is launching weekly on-site coronavirus testing for employees at all 140 of its U.S. production facilities, making it one of the first major American employers to commit to such regular and expansive testing of its workforce. The food conglomerate behind...
This Is The Problem With Life Insurance As A Solution To The Estate Tax Issue
Policy and Taxation Group is your voice in Washington on economic freedom. We advocate for policies that allow American families to...
Lee Company pivots to aid ventilator-making effort
As General Motors and other companies push to make ventilators to help COVID-19 patients streaming into U.S. hospitals, the Lee Company of Westbrook, Conn., has adjusted its systems to join the effort. The family company, founded in 1948, makes miniature hydraulic...
This approach helps e-commerce company thrive during COVID
It’s a good time to be in the e-commerce business – but not exactly an easy time. “We didn’t think a global pandemic would be good for e-commerce, but it’s been fantastic for our business,” said Eric Weisser, senior vice president and majority owner of Weisser...
Ford Will Provide COVID-19 Testing for Employees As Plants Reopen
Symptomatic employees in Michigan, Kentucky, Missouri and Illinois will be tested at area healthcare facilities in order to get results within 24 hours. Ford announced on May 16 that it had signed contracts with health systems in four metro areas with major company...
Comcast employees reactivate their service to aid in COVID-19 response
In the midst of the COVID-19 surge in the United States, help has been needed across many fronts as the nation deals with an unprecedented pandemic. This year’s NASCAR Salutes Refreshed by Coca-Cola program is more than just a military appreciation platform – it’s a...
President Trump’s Aug. 8 Tax Executive Orders
On Saturday, Aug. 8, 2020, President Donald Trump signed four executive orders (EO) to defer payroll taxes, set up an assistance program for lost wages to supplement unemployment benefits, extend the federal moratorium on evictions and defer student loan payments....
News Corp campaign thanks front-line retail staff for their work during COVID-19
Newsagents, and supermarkets, convenience stores, and petrol station staff are among the front-line worker's News Corp thanks in its latest print campaign. The ‘Thank You’ campaign launches today across the company’s regional and metro newspapers and will run for a...
Walmart is considering testing its employees for the novel coronavirus and COVID-19 antibodies
Walmart CEO Doug McMillon said Tuesday that the company is considering implementing employee testing for the novel coronavirus. Walmart's testing approach could include diagnostic tests to confirm COVID-19 infections in employees, as well as antibody testing to...
Saturno and Plimpton Join The Board of Directors of Family Enterprise USA
Lex Saturno Fourth Generation Mckee Foods; McKee Foods (makers of Little Debbie, Drakes and Sunbelt Bakery) and David Plimpton, Chairman, CEO and President of Inolex, joins the Board of Directors of Family Enterprise USA “Our Board of Directors is comprised of a...
HEALS Act Safe and Healthy Workplace Tax Credit Guide for Employers
The July 27, 2020, Senate draft of the Health, Economic Assistance, Liability Protection and Schools (“HEALS”) Act provides a tax credit for employers who incur certain expenses in response to COVID-19. Referred to as the Safe and Healthy Workplace Tax Credit...
HEALS Act Comparison to HEROES Act and Current Law
On Monday, July 27, Senate Majority Leader Mitch McConnell (R-KY) released the Health, Economic Assistance, Liability and Schools (HEALS) Act—a $1 trillion stimulus package in response to the ongoing effects of the COVID-19 pandemic. In addition to our initial...