The COVID-19 pandemic has created an urgent liquidity crisis for countless taxpayers. As governments around the world move quickly to provide tax deferral opportunities and access to capital, many U.S. taxpayers might have a short window to quickly…

We are pleased to let you know that HMRC is targeting 20th April for the Job Retention Scheme claims functionality to be up and running. How will claims be made? It is confirmed that, in line with many tax positions, it is a self-assessment and…

Every major non-food retailer(1) is operating in negative cashflowU.K. non-food sales forecasted to have fallen 70 percent during COVID-19 lockdownGovernment response has proven a lifeline for major U.K. retailers, but working capital demands are…

During a time of crisis, it can be helpful to focus on those things you can control. It is, once again, tax year end and certain tax compliance and updating procedures for the new tax year need to be undertaken. However, with many employees working…

[This article now includes relevant updates based on the SBA’s release of the Interim Final Rule on Thursday evening, April 2, 2020.] During the last week of March, the U.S. Senate blurred party lines and made a unified, bipartisan push to approve…

Leadership and Communication in a Crisis with Jerry Dent April 2, 2020 | The Walden Pond Jerry Dent is the Practice Leader and Managing Director at Alvarez and Marsal. He joins host, Vince Walden, to talk about leadership and team…

Leadership and Communication in a Crisis with Jerry Dent April 2, 2020 | The Walden Pond Jerry Dent is the Practice Leader and Managing Director at Alvarez and Marsal. He joins host, Vince Walden, to talk about leadership and team…

HMRC has just announced that the second phase of Making Tax Digital for VAT (‘MTD’), initially scheduled for April 2020, has now been delayed one year and will come into effect on 1 April 2021. This is another measure to ease businesses’ operations…

The Centers for Medicare & Medicaid Services (CMS) has expanded its current Accelerated and Advance Payment Program (AAPP) in order to increase cash flow to a broader group of Medicare Part A and Part B providers and suppliers impacted by the…

Late last night, the Senate unanimously passed the Phase 3 COVID-19 Bill (“Final Bill”). The Final Bill is 880 pages long and is largely based on the last Senate bill that was circulated last week. The Final Bill now moves to the House where it is…

Around 2 PM yesterday, the Senate failed a procedural vote regarding their lasted Phase 3 COVID-19 Bill (“Senate Bill”). Our alert discussing the Senate Bill can be found here. Less than an hour and a half later, the House Democrats released their…

The coronavirus crisis is causing unprecedented, negative economic impacts in an accelerated fashion.  From the stock market losing substantial value in just a few weeks, to widespread travel and business disruptions, the crisis is dramatically…

The Senate Republicans released a revised draft (the “Revised Bill”) of their initial proposal (the “Original Proposal”) for the Phase 3 COVID-19 Bill yesterday. The Revised Bill is nearly 580 pages long and generally covers the same wide range of…

On Friday 20th March 2020 the U.K. government made various announcements to support employers and their employees during the current COVID -19 crisis. We expect further announcements to be made imminently.   What does this mean…

On Friday 20th March 2020, we had the welcome announcement that the U.K. government would extend the time to make VAT payments due in the period from 20 March 2020 to 30 June 2020.  What does this mean for you?  Should you wish to avail…

One day after the President signed the Families First Coronavirus Response Act (HR 6201) in law, the Senate Republicans released their initial bill text for the Phase 3 COVID-19 Bill. The bill text, which is 247 pages, covers a wide range of areas,…

On March 18, 2020, President Trump signed the Families First Coronavirus Response Act into law (the “Act”). The Act covers a range of emergency relief items ranging from coverage of COVID-19 testing to paid sick leave to budgetary effects. The…

The COVID-19 situation has been developing quickly, and A&M is closely monitoring the ongoing status and guidance as issued by the government and health authorities. The World Health Organization (WHO) declared a global pandemic with regards to…

Background The novel Coronavirus, also known as “COVID-19”, was first identified in China in late 2019 and has now spread to dozens of countries. At the time of writing, the World Health Organization just labeled this as a global pandemic. As cases…

Within the space of six weeks the Coronavirus has led to unprecedented restrictions on movement and shut down of industries in mainland China. As shipments can take around six weeks to arrive in the U.K., the impact of this shutdown is yet to be…