Over the past two months, the federal government has enacted several measures to provide support and relief to individuals and companies impacted by the unprecedented COVID-19 pandemic.

On Tuesday, April 7th, the IRS released final and proposed regulations dealing with so-called hybrid mismatches between the US and foreign tax treatment of certain items.

On Tuesday, April 7th, the IRS released final and proposed regulations dealing with so-called hybrid mismatches between the U.S. and foreign tax treatment of certain items. All global organizations should immediately review their cross-border tax profiles for the application of these rules.

In this webcast, A&M leaders discuss what businesses can do right now, using the time in our current lock-down, to best prepare for the recovery into a "new normal" market and world.

In recent days press reports began to identify businesses that received loans under the new Paycheck Protection Program (“PPP”).

The calculated German market risk premium (MRP) represents a real time reflection of investors’ current risk appetite reflecting German capital market data and analyst forecasts. MRP increased due to declining stock prices and consensus estimates. However, the stock market prices are more robust than expected. Analysts predict an impending recession and slump in growth including a decline in earnings for 2020.

Thanks to the "retail glitch" fix in the CARES Act one of the simpler avenues is to maximize depreciation in fixed asset intensive businesses through a fixed asset ledger "scrub." Qualified Improvement Property ("QIP") – the subject of the retail glitch fix – can be reallocated without a site visit and utilizing only a tax fixed asset ledger.

As the global markets react to the effects of the novel coronavirus (COVID-19), there are a number of pervasive financial reporting considerations that companies will need to consider.

On April 3, 2020, New York became the first state to decouple from the CARES Act that was signed by President Trump on March 27, 2020

Hong Kong Council of Social Service (HKCSS) recognized Alvarez & Marsal as Caring Company for its contribution and involvement to the community. Sally Sun says: "Alvarez & Marsal is committed to contributing to the progress of local communities.This objective has become even more important for us as communities struggle with challenges of Covid-19."

As promised, HMRC’s online claim system for CJRS went live early this morning in the U.K. (20th April 2020).

In an effort to provide liquidity to taxpayers, as part of the CARES Act, Congress has enabled taxpayers to carry back a net operating loss (NOL) arising in a taxable year beginning after December 31, 2017, and before January 1, 2021 for five taxable years, and made other changes to the Internal Revenue Code which may allow taxpayers to increase their NOLs for those years.  However, there is no cookie-cutter answer to the question whether taxpayers should take advantage of some of these law changes, including the ability to carry back NOLs.

Currently, it is unknown whether the U.S. economy is heading toward a recession that may be more severe than the 2008 financial crisis.

Reducing the gender pay gap remains an important business consideration, but organizations should watch out for red flags and red herrings when conducting their analyses.